$1,599,900
15 Velma Drive, Toronto, ON M8Z 2N2
Stonegate-Queensway · Toronto · M8Z 2N2
Listing brokerage: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
- Beds
- 3+2
- Baths
- 2
- Sq ft
- 1100–1500
- Parking
- 2
Monthly costs
Property taxes
$500/mo
$6,003 a year (2025)
The home
- Lot size
- 40.3 × 124.6 ft
- Style
- Bungalow
- Basement
- Separate Entrance, Walk-Out
- Parking
- 2 spots · Attached
- Faces
- West
- Heating · cooling
- Forced Air, Central Air
- Possession
- Flexible
About this home
15 Velma Drive offers a turn-key layout with exceptional versatility and access. The main level show cases a bright, open-concept layout connecting the kitchen directly to the living and dining areas. With three bedrooms on the main floor and a fully finished walkout basement-complete with a full bathroom and two additional bedrooms-this home is ideal for multi-generational living, hosting guests, or establishing dedicated home offices. Step outside to a relaxing backyard retreat featuring a private hot tub, perfect for unwinding after a long day. Located in a highly connected Etobicoke neighborhood, you are just minutes from the Bloor-Islington subway station for seamless transit access, quick routes to the QEW anddowntown Toronto, and close to local parks, schools, and shopping along the Bloor West corridor.
All details22 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 3+2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Size
- 1100-1500 sq ft
Features
- Carpet Free
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 1
Features
- Private
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- W13757754
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Stonegate-Queensway
- Cross streets
- Islington / Velma
- Original price
- $1,650,000
- Co-listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms · 11Living Room, Dining Room, Kitchen, Primary Bedroom, Bedroom 2 ×2, Bedroom 3, Recreation, Exercise Room, Washroom ×2
Living Room
Main
5.00 × 3.61 m · 16′5″ × 11′10″
Bamboo, Combined w/Dining, Open Concept
Dining Room
Main
2.92 × 2.79 m · 9′7″ × 9′2″
Bamboo, Combined w/Living, Open Concept
Kitchen
Main
3.86 × 2.92 m · 12′8″ × 9′7″
Bamboo, Quartz Counter, Centre Island
Primary Bedroom
Main
4.09 × 2.74 m · 13′5″ × 9′0″
Double Closet, Window
Bedroom 2
Main
4.09 × 3.17 m · 13′5″ × 10′5″
Hardwood Floor, Double Closet, Window
Bedroom 3
Main
3.17 × 2.77 m · 10′5″ × 9′1″
Bamboo, Closet, Window
Recreation
Basement
6.20 × 3.12 m · 20′4″ × 10′3″
Open Concept, Electric Fireplace, 4 Pc Bath
Exercise Room
Basement
6.48 × 3.30 m · 21′3″ × 10′10″
Vinyl Floor, Open Concept, Window
Bedroom 2
Basement
3.73 × 2.85 m · 12′3″ × 9′4″
4-piece washroom
Main
4-piece washroom
Sub-Basement
History
Past listings and sales for this home and building.
Location
15 Velma Drive, Toronto, ON M8Z 2N2 · Near Islington / Velma
Monthly cost
Estimated monthly cost
$7,584/mo
- Mortgage
- $7,084
- Property tax
- $500
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$378,972
$319,980 down + $58,992 to $60,242 in closing costs
- Ontario land transfer tax
- $28,473
- Toronto land transfer tax
- $28,473
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $296
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
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$1,599,900
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