7 Velma Drive, Toronto W07, ON

$1,099,999
MLS#:W12410133
4 beds
2 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Stonegate-Queensway. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,099,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 40.25 x 124.58 ft lot
  • Features a ["finished", "separate entrance"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: In-Law Capability, Primary Bedroom - Main Floor
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

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.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 25, 2025
Sold price information is available to members only
Listed Date9/17/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size40.25 × 124.58 Feet
CountyToronto
Annual Tax$6,500.23
Legal DescriptionPCL 21-1, SEC M658 ; LT 21, PL M658 ; ETOBICOKE , CITY OF TORONTO

Parking & Garage

Parking Spaces5.0
Garage Spaces3
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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7 Velma Drive, Toronto W07, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 7 Velma Drive, Toronto W07, ON M8Z 2N2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$879,999.2
Monthly Mortgage$5,113
Property Tax (Est.)$542
Utilities & Maint.$350
Total Monthly Cost$6,005

Strategic Fiscal Clarity

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