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Listed 14 days ago

302 Palmer Avenue

Harding, Richmond Hill

$998,000

Detached|Bungalow
3 | 1 | 5
About this home

Great Opportunity to build your Dream Home on ought-after Palmer Avenue. Located in one of Richmond Hill's most established and desirable Neighbourhoods, this detached 3+1 Bedroom Bungalow sits on a 50 x 100 ft Lot and presents an exceptional opportunity to renovate, invest or build a Custom Residence. Surrounded by mature trees and beautifully maintained Homes, the property offers a private Driveway, a detached Garage and the perfect setting to create a truly remarkable Home among impressive multi-million-dollar Properties. A separate side entrance provides access to the finished Basement, offering additional flexibility and potential. Enjoy the convenience of nearby Palmer Park, Public Transit and excellent Schools, including Catholic, Public and Secondary options, all just minutes away. Combining location, lifestyle, and endless possibilities, this is a rare opportunity to secure a property in one of Richmond Hill's most prestigious communities.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,994
Lot Size50 ft x 100 ft
mls© NumberN13646110
Listed ByKELLER WILLIAMS REALTY CENTRES

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,108
Property tax
$416
Heat allowance
$150
Housing costs
$5,674 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $199,600
25-yr amortization

Income needed

$175,000

gross annual household income

Payment at 4%
$4,200 / mo
Cash down
$199,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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