38 Smithfield Drive, Toronto, ON
Stonegate-Queensway, Toronto · MLS® W13467388
About this home
One of one. A rare build architectural home with exceptional skyline and park-like views, where the waterfront is part of everyday life. From the moment you walk in, this home feels different. Inspired by West Coast living, it blends natural materials with clean, modern design, featuring polished concrete floors, skylights, and vaulted ceilings in select areas that create a calm, light-filled atmosphere.At the heart of the home is a sleek, integrated kitchen with a large island, gas cooktop, built-in appliances, walk-in pantry, hidden storage, and extra-deep countertops. It flows into the living space where a custom steel fireplace anchors the room and a walkout leads to the backyard. A main floor powder room adds convenience.Offering 4 bedrooms and 5 bathrooms, including a primary retreat with vaulted ceilings, dedicated cooling, and a spa-inspired ensuite with heated floors, towel warmer, and a soaker tub beneath a skylight. The second level features cathedral ceilings, a bright laundry room, a full bathroom, and two bedrooms with vaulted ceilings and their own cooling.A rare third level offers south-facing views of Humber Bay and partial views of the CN Tower, along with a Juliette balcony, bathroom rough-in, and rooftop deck potential.The lower level includes a self-contained guest suite with separate entrance, kitchen, bath, laundry, and walkout.Built new from the foundation up in 2018 with ICF construction, radiant in-floor heating, high-efficiency boiler, heat pump, HRV, triple-pane windows, and metal roof.Set on a rare 179-ft deep south-facing lot with a private backyard, deck, patio, pergola, and multiple walkouts. A wide detached single-car heated garage and ample parking options. The depth of the lot offers potential for a future garden suite behind the garage without sacrificing existing parking. Quiet, safe, family-friendly street, near top-rated schools, with convenient access to downtown.View video tour and feature sheets!
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- W13467388
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 34.5 × 179.35 ft
- Cross streets
- The Queensway/Stephen Drive
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Private
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Heat Pump
- A/C
- Wall Unit(s)
- Exterior
- Wood , Metal/Steel Siding
- Foundation
- Insulated Concrete Form, Poured Concrete
- Roof
- Metal, Flat, Membrane, Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,323 / 2026
- Days on market
- 32
- Listing brokerage
- RE/MAX WEST REALTY INC.
Rooms
overlooks garden · fireplace · w/o to deck
vaulted ceiling(s) · picture window · double closet
b/i appliances · overlooks living · modern kitchen
vaulted ceiling(s) · picture window · double closet
2 pc bath · closet · open concept
7 pc ensuite · walk-in closet(s) · overlooks garden
Listed at $2,558,889, this home is about 12% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
In Stonegate-Queensway lately, sellers have been getting about 100% of asking and homes sell in about 20 days.
There were not many closely comparable homes right in Stonegate-Queensway, so I widened the search to the surrounding area.
Based on 97 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 97 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.02M, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $1.90M
- Bedrooms +$30K
- Adjusts to $1.93M
That comparable adjusts to $1.93M; the $2.92M estimate above is the median of all 97 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Bus stop is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.92M, median of 97 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city.
- Income potential
- Lifestyle
- Worth verifying
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 13% below the area average of $1,073/sqft.
31 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stonegate-Queensway, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Bus stop, about 103 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 21, 2026); conventional rates run a little higher.
Mortgage amount $2,047,111 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,924
- Property tax
- $777
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,701
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $50,447
- Toronto municipal land transfer tax
- $50,447
- Estimated closing costs
- $100,894
Plus your down payment of $511,778. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $655,449
- Principal paid down
- $260,700
- Interest paid
- $394,749
- Balance remaining
- $1,786,411
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.