15 Velma Drive, Toronto, ON M8Z 2N2
Stonegate-Queensway, Toronto · Near Islington / Velma · View map
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.
The home
- Type
- Detached home
- Style
- Bungalow
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Basement
- Separate Entrance, Walk-Out
- Lot size
- 40.3 x 124.6 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Garage spaces
- 1
- Driveway spaces
- 1
- Total parking
- 2
- Parking features
- Private
Taxes & other
- Property taxes
- $6,003/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Islington / Velma
- Neighbourhood
- Stonegate-Queensway
More
- Price per sq ft
- ~$1,231 (at 1,300 sq ft)
- MLS® number
- W13757754
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The home and its surroundings
- Carpet Free
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
15 Velma Drive, Toronto, ON M8Z 2N2
Stonegate-Queensway, Toronto · Near Islington / Velma
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Listing history for 15 Velma Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 15 Velma Drive
Answers come straight from this home’s MLS® listing.
How much is 15 Velma Drive listed for, and what would it cost each month?
15 Velma Drive is listed for $1,599,900. With 20% down ($319,980), the mortgage payment would be roughly $6,454 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,954 a month, all in. That figure is an illustration, not a quote.
Is 15 Velma Drive freehold or a condo, and is there a monthly fee?
15 Velma Drive is a detached home in Stonegate-Queensway, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 15 Velma Drive have?
15 Velma Drive has 3 bedrooms, plus 2 more bedrooms in the basement, and 2 bathrooms. The listing gives the style as bungalow.
Does 15 Velma Drive have a garage and parking?
Yes. The listing shows the garage as attached, with room for 1 car. The driveway adds 1 space. In total the listing counts 2 parking spaces.
Does 15 Velma Drive have a finished basement?
The listing describes the basement as separate entrance, walk-out. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 15 Velma Drive?
15 Velma Drive is a detached home. A detached home stands on its own lot with no shared walls.
How big is 15 Velma Drive, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40.3 x 124.6 ft.
How is 15 Velma Drive heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 15 Velma Drive?
Property taxes are $6,003 a year (2025), or about $500 a month.
Where is 15 Velma Drive?
15 Velma Drive is in the Stonegate-Queensway community of Toronto. The nearest main intersection is Islington / Velma. The postal code is M8Z 2N2.
Is 15 Velma Drive still for sale?
Yes. It is an active listing (MLS® W13757754). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 15 Velma Drive asking?
Similar properties for sale nearby right now include 101 Cannon Road at $1,579,000 (3+1 bed), 69 Ringley Avenue at $1,628,000 (3+1 bed) and 10 Dumbarton Road at $1,749,000 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 15 Velma Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 15 Velma Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.