286 Palmer Avenue, Richmond Hill, ON
Harding, Richmond Hill · MLS® N13866228
About this home
In short
- Welcome To This Beautifully Renovated Detached Bungalow, Ideally Located In Richmond Hill Near Bayview Ave. & Major Mackenzie Dr.
- Completely Gutted And Renovated Approx.
- Two Years Ago, The Home Was Rebuilt With Care And Attention To Detail, Including Updates To The Interior Walls And Major Building Systems.
- Additional Upgrades Include 200-Amp Electrical Service, Tankless Water Heater, Newer Furnace, Heat Pump Providing Central Heating And Cooling, Foam-Insulated Attic...
- An Excellent Opportunity To Own A Fully Renovated Detached Home On A 50' X 100' Lot In The Heart Of Richmond Hill.
Welcome To This Beautifully Renovated Detached Bungalow, Ideally Located In Richmond Hill Near Bayview Ave. & Major Mackenzie Dr. Situated On A Generous 50' X 100' Lot, This 2+3 Bedroom, 2 Bathroom Home Has Been Extensively Updated From Top To Bottom, Offering A Turnkey Opportunity In An Established Neighbourhood Surrounded By New-Home Construction And Redevelopment.Completely Gutted And Renovated Approx. Two Years Ago, The Home Was Rebuilt With Care And Attention To Detail, Including Updates To The Interior Walls And Major Building Systems. The Renovations Were Approved And Inspected By The Municipality Of Richmond Hill. The Bright, Modern Interior Features A Stylish Kitchen With Soft-Close Cabinetry, Coordinating Bathroom Vanities, Energy-Efficient Windows And Rechargeable Electric Blinds. Additional Upgrades Include 200-Amp Electrical Service, Tankless Water Heater, Newer Furnace, Heat Pump Providing Central Heating And Cooling, Foam-Insulated Attic And A Roof Approx. Two Years Old.The Lower Level Adds Exceptional Versatility, With Three Additional Bedrooms, A Full Bathroom And Approx. 8' Ceiling Heights In Many Areas. While Currently Used As One Residence, The Home Was Designed With The Potential For Two Separate Living Spaces And Separate Entrances, Offering Flexibility For An Extended Family Or Other Future Uses, Subject To Municipal Requirements And Buyer Verification.Outside, Enjoy A Large Fully Fenced Backyard, Parking For Four Cars And An Insulated Approx. 16' X 10' Detached Garage Complete With Full Electrical Service And Its Own Panel. Conveniently Located Close To Shopping, Schools, Parks, Transit And Everyday Amenities, With Easy Access To Bayview Ave. And Major Mackenzie Dr. An Excellent Opportunity To Own A Fully Renovated Detached Home On A 50' X 100' Lot In The Heart Of Richmond Hill.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13866228
- Bedrooms
- 2+3 (5 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50 × 100 ft
- Cross streets
- Bayview/Major Mackenzie
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $7,184 / 2026
- Days on market
- 13
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
laminate · window · pot lights
laminate · walk-in closet(s)
laminate · double closet · window
tile floor · window
laminate · window · double closet
Laminate
quartz counter · pot lights · backsplash
laminate · double closet · window
Listed at $1,199,000. Going by how homes in Harding and the wider GTA have actually closed against their asking prices (about 96%, 11 local closings in 90 days), the likely sale price is near $1.15M, if it sells. A realistic range is $1.08M to $1.30M.
Independent value check: $1.13M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $1.05M and $1.18M).
Why $1.13M. The typical detached home sold in Harding over the past year went for about $1.11M (42 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $7,184 a year; the typical home sold here pays about $6,200.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers it2+3 bedrooms and 2 baths, against 3+1 and 3 typically.
- ▼ Lowers itIt is 700 to 1,100 sq ft; the typical home sold here is 1,100 to 1,500.
Total price vs nearby homes. Likely closing about $1.15M, from 11 recent closings in this pocket.
The market behind the math:
About 1.9 months of inventory: 7 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,332/sqft against an area asking average of $1,209/sqft.
- Separate-entrance basement apartment features. A finished 3 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Harding: 23 of the 119 detached leases here lately were basement units, around $1,700 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Richmond Hill.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.12M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 11 comparable homes that sold in Harding over the past two years, from 72 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,202/sqft; this home lists at $1,332/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Richmond Hill: $1.44M in September 2026, down 4% from a year ago, on 948 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Richmond Hill as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.58M | 86 |
| November 2025 | $1.47M | 77 |
| December 2025 | $1.68M | 48 |
| January 2026 | $1.48M | 52 |
| February 2026 | $1.52M | 57 |
| March 2026 | $1.49M | 70 |
| April 2026 | $1.50M | 73 |
| May 2026 | $1.46M | 114 |
| June 2026 | $1.50M | 119 |
| July 2026 | $1.50M | 92 |
| August 2026 | $1.48M | 80 |
| September 2026 | $1.44M | 80 |
Neighbourhood & location
Harding, Richmond Hill, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Richmond Hill.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $959,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,304
- Property tax
- $599
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,902
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20,455
- Estimated closing costs
- $20,455
Plus your down payment of $239,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $318,215
- Principal paid down
- $117,197
- Interest paid
- $201,018
- Balance remaining
- $842,003
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Harding (23 of 119 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 31 whole-home leases in Harding signed at a median of $3,534 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,095. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FOREST HILL REAL ESTATE INC.. MLS®/PropTx.