15 Velma Drive
Stonegate-Queensway, Toronto
$1,650,000
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.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,003 |
| Lot Size | 40.25 ft x 124.58 ft |
| mls© Number | W13757754 |
| Listed By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,445
- Property tax
- $500
- Heat allowance
- $150
- Housing costs
- $9,096 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$280,000
gross annual household income
- Payment at 4%
- $6,943 / mo
- Cash down
- $330,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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