8 Palamar Road, Toronto, ON
Downsview-Roding-CFB, Toronto · MLS® W13682170
About this home
In short
- Welcome to this charming solid-brick bungalow offering an exceptional opportunity for first-time buyers, growing families, renovators, and investors alike.
- 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...
- 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...
- Whether you're looking for a solid starter home, an investment property, or your next renovation project, this is a property full of possibilities.
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!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13682170
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 50 × 120 ft
- Cross streets
- Wilson Ave & Jane St
- Parking
- 4 parking
- Driveway
- Private Double
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,550 / 2026
- Days on market
- 22
- Listing brokerage
- RE/MAX EXPERTS
Rooms
hardwood floor · window · overlooks backyard
hardwood floor · large window · closet
ceramic floor · window
ceramic floor · window · backsplash
vinyl floor · window · walk-up
ceramic floor · window · laundry sink
hardwood floor · window · overlooks living
hardwood floor · large window · overlooks frontyard
vinyl floor · window
Listed at $888,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $911K, typically $831K to $1.03M. Comparable closings on their own put this home around $965K, so the seller is asking less than the comparables suggest: either they want a quick, clean sale or something about the home is not in the comparables. Worth seeing before you offer.
Second read, from the city assessment: $1.11M. That is about 15% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $911K, median of 91 comparables.
The market behind the math:
About 1.5 months of inventory: 10 detached homes for sale in the area against 20 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $987/sqft against an area asking average of $927/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Downsview-Roding-CFB: 38 of the 117 detached leases here lately were basement units, around $1,900 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 91 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.11M, a bit higher.
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
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Beverley Heights Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
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 91 comparable homes that sold in Downsview-Roding-CFB over the past two years, from 205 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,077/sqft; this home lists at $987/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Downsview-Roding-CFB, Toronto, 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). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.09% via Ratehub.ca (as of September 8, 2026); conventional rates run a little higher.
Mortgage amount $710,400 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,830
- Property tax
- $379
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,209
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,235
- Toronto municipal land transfer tax
- $14,235
- Estimated closing costs
- $28,470
Plus your down payment of $177,600. 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
- $229,791
- Principal paid down
- $89,409
- Interest paid
- $140,381
- Balance remaining
- $620,991
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 Downsview-Roding-CFB (38 of 117 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 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 26 whole-home leases in Downsview-Roding-CFB signed at a median of $2,553 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,198. 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 RE/MAX EXPERTS. MLS®/PropTx.