$989,000
Toronto
Times shown are local to the property.
16 Smithfield Drive, Toronto (Stonegate-Queensway), Ontario, M8Y3M2
This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $989,000, it is attractively priced about 39% below the $1,628,000 median asking price in Toronto. It has been on the market 13 days, fresher than the Toronto average of 50 days.
Full of warmth, character, and thoughtful touches, this charming two-bedroom bungalow offers a beautiful balance of comfort, functionality, and opportunity. The inviting open-concept living and dining area makes a memorable first impression, with soaring vaulted ceilings, a cozy wood-burning fireplace, and built-in speakers that set the scene for everything from quiet evenings to lively gatherings. A skylight fills the kitchen with natural light, complementing the granite countertops, gas range, and clever storage solutions. Tucked away at the rear of the home, two comfortable bedrooms provide a sense of privacy, while remaining connected to the main living spaces. A bathroom and convenient main-floor laundry complete this level. Accessible from both the main floor and its own separate entrance, the expansive lower-level suite features a kitchen, living and dining areas, bedroom, bathroom, and laundry. Ideal for extended family or multigenerational living, with potential for future rental use. Outside, there's just as much to love. Perched on an elevated corner lot with gently sloping borders, the property presents wonderful possibilities for gardens and creative landscaping. An oversized, freshly painted front deck with new awnings offers the perfect place to unwind, while the private, fully fenced backyard is an inviting retreat for relaxing or entertaining. An attached garage, a rare find among bungalows in the neighbourhood, brings added practicality alongside a two-car driveway, while a new roof provides peace of mind. Ideally located near schools, parks, and local amenities, with the beautiful waterfront trails of Humber Bay Shores just minutes away and easy access to major highways and downtown Toronto. Whether you're looking to put down roots, accommodate family, or explore the property's endless future possibilities, this lovingly maintained home is ready for its next chapter. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 13 days on market, against an average age of 50 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Toronto (Stonegate-Queensway) has been listed for 13 days, which is 37 days fresher than the city average of 50. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $989,000, about 10.9× the local median household income of $91,000.
Carrying it typically needs a household income of about $193,186 (20% down, 25-yr amortization, stress-tested) — roughly 112% above the area median.
Source: Statistics Canada, 2021 Census (FSA M8Y)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.