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
- Bungalow
- 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)
- Listed
- Sep 8, 2026 · 34 days ago
- 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 bungalow 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.
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 bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
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.
How long has 15 Velma Drive been on the market?
15 Velma Drive was listed on September 8, 2026. It has been on the market for 34 days. 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 bungalows near 15 Velma Drive asking?
Similar bungalow-style homes for sale nearby right now include 6 Cardigan Road at $1,699,000 (3+2 bed), 3 Kellogg Street at $1,699,900 (3+2 bed) and 3 Minstrel Drive at $1,490,000 (3+1 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 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Stonegate-Queensway, picked by style, size and price.
Bungalow$1,699,0006 Cardigan Road, Toronto3+2 bed · 3 bath · Stonegate-QueenswayCourtesy of: GLOBAL BRICKS EXECUTIVE HOMES REALTYView home →
Bungalow$1,699,9003 Kellogg Street, Toronto3+2 bed · 2 bath · Stonegate-QueenswayCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.View home →
Bungalow$1,490,0003 Minstrel Drive, Toronto3+1 bed · 3 bath · Stonegate-QueenswayCourtesy of: RE/MAX IMPERIAL REALTY INC.View home →Courtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.