- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 700–1,100sq ft
- Per sq ft
- $1,111at the range’s middle
- Lot
- 34.05 x 180.43 ft
- Tax a year
- $5,3692025 tax year
- Parking
- 5none
- Days on market
- Members
The brief
About 42 Smithfield Dr
42 Smithfield Dr is a 2+1-bedroom, 2-bathroom detached house in Stonegate-Queensway, Toronto, listed for sale at an asking price of $999,888 (MLS® W14082660).
Welcome to 42 Smithfield Drive a completely transformed residence offering exceptional value in the heart of the city. The main level features soaring 10+ ft ceilings, creating a bright, open atmosphere across its 2-bedroom layout with a beautifully renovated full bath and convenient in-suite laundry.Step through the brand-new sliding doors onto a spacious deck that overlooks an oversized backyard offering the perfect canvas for a future garden suite to expand your living space or generate additional income.Downstairs, a separate 1-bedroom basement apartment includes its own bathroom and full laundry, ideal for rental income, in-laws, or extended family.This home has been meticulously renovated from the ground up: brand-new framing, insulation, drywall, paint, waterproofing, plumbing, electrical, HVAC, ductwork, bathrooms, and flooring absolutely everything has been updated.Perfectly located near top-ranked schools, major highways, and just minutes from downtown Toronto. A rare opportunity for homeowners, investors, and builders alike
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall32/100−$1,409/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 3 bedrooms for lease in Stonegate-Queensway right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,369 / 2025
- MLS® number
- W14082660
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 34.05 x 180.43 ft
- Listed on
- Parking
- None, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- Stonegate-Queensway
- Municipality
- Toronto
Building
- Size
- 700-1100 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc Bsmt
- Basement Type
- Separate Entrance
- Kitchens
- 1
Parking
- Driveway
- Available
- Garage Type
- None
- Additional Parking
- 5
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 34.05 ft
- Depth
- 180.43 ft
- Lot Size
- 34.05 x 180.43 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- 2 Fridges, 2 Stoves, 2 Dishwashers, 2 Washer & Dryer Units, Existing Light Fixtures.
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 42 Smithfield Dr, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $999,888 | N/A | For Sale | W14082660 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $199,978
- Total mortgage amount
- $799,910
- Total interest payment
- $568,690
- Total purchase cost
- $1,568,578
- Mortgage payment
- $4,562/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
45%Monthly carrying cost
$5,009- Rent $3,600
- Shortfall $1,409
Rental income opens at $3,600, the median asking rent of 9 comparable homes for lease in Stonegate-Queensway. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,473
- Toronto municipal land transfer tax
- $16,473
- Total land transfer tax
- $32,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $24,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $999,888
- $11,998
- Ontario total
- $16,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $16,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 6,144 sq ft571 m²
- Street frontage
- 34.05 ft10.4 m
- Depth
- 180.43 ft55 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m4 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 37 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 6.6 km6.6 km
- Mapped parcel: about 6,130 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 610 m610 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — Humber Treatment Plant, 480 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RD (f13.5; a510; d0.45)By-law
569-2013Municipality
Toronto1 f13.5
Frontage: at least 13.5 m.
2 a510
Lot area: at least 510 m² per dwelling unit.
3 d0.45
Density: floor area is capped at 0.45 times the lot area.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
DeckClosed
Deck and sliding door only
Issued January 11, 2023
Building Permit Related(PS)Closed
Plumbing - interior alterations
Issued October 17, 2022
Interior AlterationsClosed
Interior alterations
Issued October 17, 2022
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 5 open development applications within 800 m of this home.
247 PARK LAWN RDSite planUnder Review
Proposed rear addition to an exisiting place of worship.
420 m away125 THE QUEENSWAYOfficial plan or zoning amendmentOMB Appeal
The re-designation of the Subject Lands will enable the proposed mixed-use development consisting of seven buildings ranging in height from 12-storeys to 50-storeys.
460 m away155 BERRY RDCondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
600 m away144 BERRY RDCondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
630 m away15 NEIGHBOURHOOD LANECondominiumUnder Review
Draft Plan of Standard Condominium application to permit the 10-storey residential building (Building B), containing 234 residential units.
700 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Detached homes for sale in Stonegate-Queensway right now
- For sale now
- 61
- Median asking price
- $1.68M
- New in 7 days
- 8
- Price cuts
- 13%
Middle half: $1.28M to $2.25M
33 in 28 days
8 listings
This home is asking 40% below the median, lower than three quarters of them.
See all homes in Stonegate-QueenswayAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Mimico GO | GO Transit train: Lakeshore West | 2 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.1 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 2.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 350 m | 61%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 450 m | 79%Grade 3 average |
| Park Lawn Junior and Middle SchoolToronto DSB | Public · grades JK–8 | 1 km | 85%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.6 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 1.4 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 1.5 km | 81%Grade 9 math |
| The Student SchoolToronto DSB | Public · grades 9–12 | 2.9 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 4.3 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Stonegate-Queensway are shown to signed-in members.