$948,000 - 8 Palamar Road, Downsview
Detached for Sale in Downsview
New — Listed 6 days agoNeighbourhood: Downsview-Roding-CFB
- MLS Number
- W13682170
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downsview / Black Creek
- Listing Brokerage
- RE/MAX EXPERTS
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. "Zoning & Development Summary is available upon request." Come see the potential for yourself!
Estimate your monthly payments for this property
Estimated Payment
$4,863.73/mo
Includes CMHC insurance ($26,449)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downsview-Roding-CFB
Downsview-Roding-CFB is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downsview-Roding-CFB
- •Convenient location in Downsview / Black Creek
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downsview-Roding-CFB offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
8 Palamar Road, Downsview / Black Creek
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1354/sqft, this property is priced above the Downsview average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downsview's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downsview are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Downsview-Roding-CFB
I know Downsview-Roding-CFB well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.