$1,599,900

For sale

15 Velma Drive, Toronto (Stonegate-Queensway) - Single Family for Sale

15 Velma Drive, Toronto (Stonegate-Queensway), Ontario, M8Z2N2

5 beds2 baths2 parking1,300 ft²40 × 125 ft (5,021 sq ft) lot sizeListed 58 days ago

Overview

This 5-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Its $1,599,900 asking price sits right in line with the $1,599,900 median in Toronto.

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Description

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. (id:66096)

Property Details

MLS®: W13757754
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 40 × 125 ft (5,021 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: Separate entrance, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $6,003/yr

Rooms

Main level

Living room: 5 x 3.61 meters
Dining room: 2.92 x 2.79 meters
Kitchen: 3.86 x 2.92 meters
Primary Bedroom: 4.09 x 2.74 meters
Bedroom 2: 4.09 x 3.17 meters
Bedroom 3: 3.17 x 2.77 meters

Basement

Recreational, Games room: 6.2 x 3.12 meters
Exercise room: 6.48 x 3.3 meters
Bedroom 2: 3.73 x 2.85 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Hardwood, Vinyl, Bamboo
Foundation: Block
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

58d

Toronto (Stonegate-Queensway) listings, avg age

50d

Price / ft²

$1,231

List price

$1.60M

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.

Haho

This 5-bed single family in Toronto (Stonegate-Queensway) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · GEORGE GRDIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $1,599,900, about 14.4× the local median household income of $111,000.

Carrying it typically needs a household income of about $312,516 (20% down, 25-yr amortization, stress-tested) — roughly 182% above the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$1,599,900· $1,231/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $319,980

Min 20%50%

Mortgage payment$6,823/mo

Property tax (est.)$500/mo

Total monthly$7,323

Cash Needed to Close

Down payment (20%)$319,980

Land transfer tax$56,946

Est. closing costs$7,300

Total cash needed$384,226

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