30 mins on Market

7 Velma Dr, Toronto, Ontario M8Z 2N2

Detached
3 + 1
2
~1100-1500 sqft
$1,099,999
Get pre-qualifiedPowered by nesto
Buy with Wahi to get
Up to
$11,000Cashback
Detached
3 + 1
2
~1100-1500 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market30 mins

Estimated valueNot available

Price/Sqft$866/sqft

Monthly cost

Open Calculator

CMA Subject Property

Curious about what homes are selling for in this area?

Get a report on comparable homes with helpful insights and trends.

+9

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

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.


Property Details

StyleBungalow
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size5,014 SqFt(124.58 x 40.25)
Parking Spaces5
MLS ®NumberW12410133
Community NameThe Queensway
Data SourceTRREB
Listing byROYAL LEPAGE SUPREME REALTY

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Sep Entrance

Main Floor

Living

5.64 x 3.58

hardwood floor / Large Window

Dining

4.34 x 2.67

hardwood floor / Window

Primary

4.27 x 3.68

hardwood floor / Double Closet / Window

2nd Br

3.68 x 3.15

hardwood floor / Closet / Window


Features

Lot size: 5,014 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 3

Total parking spaces 5


Property History

Sep 17, 2025
ListedActive
$1,099,999
< 1h on market
history photo preview50
Listing by trreb®

Market Data - The Queensway

Geo Zone Map ThumbnailThe Queensway

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

18 days

2023

14 days

2022

13 days

New Listings

Past 30 days

11 listings

Compared to

2024

13 listings

2023

13 listings

2022

17 listings

Units sold

Past 30 days

8 units

Compared to

2024

9 units

2023

7 units

2022

8 units

Median Sold Price

Past 30 days

$1,336,250

Compared to

2024

$1,300,101

2023

$1,285,000

2022

$1,230,000


Population and Demographics

Overview

Total population 16176
Average household income $166,841

Age (%)

0 to 19
19%
20 to 34
20%
35 to 49
23%
50 to 64
20%
65 and plus
17%

Household composition (%)

Single family
63%
Single person
32%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
68%
Others
5%
Italian
4%
Polish
4%
Ukrainian
3%
Portuguese
3%
Spanish
3%
Tibetan
2%
Serbian
1%

House tenancy (%)

Owners
74%
Renters
26%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget