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15 VELMA DRIVE, Toronto (Stonegate-Queensway) — listed at $1,599,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5 x 3.61 meters |
| Dining room | Main level | 2.92 x 2.79 meters |
| Kitchen | Main level | 3.86 x 2.92 meters |
| Primary Bedroom | Main level | 4.09 x 2.74 meters |
| Bedroom 2 | Main level | 4.09 x 3.17 meters |
| Bedroom 3 | Main level | 3.17 x 2.77 meters |
| Recreational, Games room | Basement | 6.2 x 3.12 meters |
| Exercise room | Basement | 6.48 x 3.3 meters |
| Bedroom 2 | Basement | 3.73 x 2.85 meters |
What's the parking situation?+
This property includes 2 spaces — Attached Garage, Garage.
What makes this a luxury property?+
At $1,599,900, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Could this work as an investment property?+
The basement description mentions: Separate entrance, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Stonegate-Queensway) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,003, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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