286 Palmer Avenue, Richmond Hill

$1,199,000
286 Palmer Avenue

$1,199,000

Price Change
17d
DetachedBungalow

286 Palmer Avenue, Richmond Hill

Total Monthly Obligation $5,810

Beds
5
Baths
2
Park
4
Sqft
700-1100
DOM
17d
Score
16
Yield
4.0%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.4%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-N13866228
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-50 × 100 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$7,184 (2026)
Parking-4 - None
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Sewer-Sewer
Possession-TBA
Neighbourhood-Harding
Title-Residential Freehold

No agent assigned

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.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$959,200
Land Transfer Taxes$20,455
Legal Fees (Est.)
$
Total cash required for closing$261,755

Total Monthly Obligation

$5,810/mo
Mortgage $4,836
Monthly Loss $4,537
Principal$1,273
Interest$3,564
Property Tax$599
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
7.5%21
10-Year IRR
8.6%
Returns Index
11.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$48,120/yr
NOI
$31,624/yr
Net Cash Flow
-$2,201/mo
Cash Margin
-54.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 286 Palmer Avenue

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