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New2 days ago

8 Palamar Road

Downsview-Roding-CFB, Toronto

$948,000

Detached|Bungalow
2 | 2 | 4
About this home

Welcome to this charming solid-brick bungalow offering an exceptional opportunity for first-time buyers, growing families, renovators, and investors alike. This bright and well-built 2-bedroom, 2-bathroom home features approximately 934 sq. ft. of comfortable main-floor living, plus an additional bedroom in the basement. Set on a spacious 50 x 120 ft. lot with no sidewalk and a private driveway accommodating up to four vehicles, this property offers the space, flexibility, and potential that is increasingly difficult to find. Move in and enjoy the home as it is, renovate and personalize it to your taste, or unlock its full potential by finishing the basement for additional living space, an in-law setup, or a potential income-producing suite. The generous lot also presents exciting possibilities for a second-storey addition or a larger-scale renovation. Located in a peaceful, family-friendly neighbourhood close to TTC, major highways, shopping, parks, schools, Humber River Hospital, and everyday amenities, this is an outstanding opportunity to establish roots in a well-connected Toronto community. Whether you're looking for a solid starter home, an investment property, or your next renovation project, this is a property full of possibilities. Come see the potential for yourself!

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,550
Lot Size50 ft x 120 ft
mls© NumberW13682170
Listed ByRE/MAX EXPERTS

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%
$4,852
Property tax
$379
Heat allowance
$150
Housing costs
$5,381 / mo

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

Down payment20% · $189,600
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,989 / mo
Cash down
$189,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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