<-- style PDP --> 7 Velma Drive, Toronto - Detached for sale for $1,099,999
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7 Velma Drive

Toronto, Ontario, M8Z 2N2 - Stonegate-Queensway

$1,099,999

  • Neighbourhood

    Stonegate-Queensway

  • Major Intersection

    Islington & Norseman

  • Listed Since: 5 day(s)

  • Last update: 4 day(s) ago

Overview

  • Property Type

    Detached, Bungalow

  • Bedrooms

    3 + 1

  • Bathrooms

    2

  • Basement

    Finished + Sep Entrance

  • Kitchen

    1 + 1

  • Total Parking

    5 (2 Detached Garage)

  • Lot Size

    40.25x124.58 (Feet)

  • Taxes

    $6,500.23 (2025)

  • Type

    Freehold

Property Description

Property description for 7 Velma Drive, Toronto

A welcoming bungalow with so much to offer. This 3-bed, 2-bath home sits on a generous 40 x 124 ft lot, giving you room to breathe, play, and grow. Picture sunny afternoons planting your favourite flowers, growing veggies, or simply enjoying the extra yard space with kids, pets, or weekend get-togethers. Inside, hardwood floors flow through the open-concept living and dining areas, perfect for everyday comfort or hosting family and friends. The finished basement comes complete with a bedroom, bathroom, full kitchen, and a separate entrance. Whether you're envisioning an in-law suite, space for extended family, or rental income potential, the options are endless. Topping it all off is a detached 2-car garage and a driveway with plenty of parking. Plus, you're close to everyday amenities and just steps from the school down the street, making life that much more convenient. With its sunlit main floor, versatile lower level, and outdoor space that invites you to put down roots, this is the kind of home that grows with you today, tomorrow, and for years to come. True Value on Velma - ready to welcome its next family home.

Listed by ROYAL LEPAGE SUPREME REALTY

  • MLS #

    W12410133

  • Sq. Ft

    1100-1500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    n/a

  • Garage

    Detached, 2 spaces

  • Total Parking

    5

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Shingles

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Kitchen

    4.22 x 3.23 ft Main level

    Tile Floor, Window

  • Living

    5.64 x 3.58 ft Main level

    hardwood floor, Large Window

  • Dining

    4.34 x 2.67 ft Main level

    hardwood floor, Window

  • Primary

    4.27 x 3.68 ft Main level

    hardwood floor, Double Closet, Window

  • 2nd Br

    3.68 x 3.15 ft Main level

    hardwood floor, Closet, Window

  • 3rd Br

    3.35 x 3.07 ft Main level

    hardwood floor, Closet, Window

  • Living

    7.67 x 3.86 ft Bsmt level

    Broadloom, Window

  • Br

    4.34 x 2.36 ft Bsmt level

    Broadloom, Window

  • MLS #

    W12410133

  • Sq. Ft

    1100-1500

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    n/a

  • Garage

    Detached, 2 spaces

  • Total Parking

    5

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    Y

  • Roof

    Shingles

  • Foundation

    Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • Kitchen

    4.22 x 3.23 ft Main level

    Tile Floor, Window

  • Living

    5.64 x 3.58 ft Main level

    hardwood floor, Large Window

  • Dining

    4.34 x 2.67 ft Main level

    hardwood floor, Window

  • Primary

    4.27 x 3.68 ft Main level

    hardwood floor, Double Closet, Window

  • 2nd Br

    3.68 x 3.15 ft Main level

    hardwood floor, Closet, Window

  • 3rd Br

    3.35 x 3.07 ft Main level

    hardwood floor, Closet, Window

  • Living

    7.67 x 3.86 ft Bsmt level

    Broadloom, Window

  • Br

    4.34 x 2.36 ft Bsmt level

    Broadloom, Window

Thinking of Selling?

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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