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.
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,454 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 15 Velma Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Separate Entrance, Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Separate Entrance · Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
15 Velma Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,860
/mo
based on the purchase price of $1,599,900
$319,980 cash
$1,279,920 financed
$1,078,029 total interest
Principal54%$1,279,920
Interest46%$1,078,029
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–5 bed homes for sale in Toronto around $1.6M.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4987.8%On average, homes sold at or above asking.
Active listings12,386Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 29 – Jul 28, 2026.
Based on 9,511 sales from Jul 28 – Oct 26, 2026 (6,903 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
15 Velma Dr is listed at $1,599,900 (MLS® W13757754). Summitly updates the price as soon as the MLS® record changes.
Is $1,599,900 a good price for 15 Velma Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 15 Velma Dr changed?
Yes — it was first listed at $1,650,000 and is now $1,599,900, a drop of $50,100 (3.0%).
How many bedrooms and bathrooms does 15 Velma Dr have?
15 Velma Dr has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Toronto.
Is 15 Velma Dr close to transit?
The nearest rapid-transit station is Islington Station (Line 2), about 1.4 km (about a 18-minute walk) in a straight line. Kipling Station is about 1.6 km (about a 21-minute walk), and Royal York Station is about 1.7 km (about a 21-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 15 Velma Dr?
About $7,860 a month — principal and interest on $1,599,900 with 20% down ($319,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 15 Velma Dr compare with other homes in Toronto?
Its asking price of $1,599,900 is about 90% above the median sold price in Toronto over the last 90 days, $840,000, across 9,511 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 15 Velma Dr been sold before?
Summitly has no earlier MLS® sale or lease of 15 Velma Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 15 Velma Dr?
15 Velma Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 15 Velma Dr been on the market?
48 days — 15 Velma Dr was listed on September 8, 2026.
What is the price per square foot of 15 Velma Dr?
About $1,067 to $1,454 per square foot: the asking price of $1,599,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 15 Velma Dr have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
