$899,008 - 8 Lombardy Crescent, Kennedy Park
Detached for Sale in Kennedy Park
39 days on market- MLS Number
- E13098966
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Dorset Park / Kennedy Park
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Welcome to 8 Lombardy Crescent - a beautifully updated and move-in ready 3+1 bedroom bungalow offering the perfect blend of modern upgrades, functional living space, and exceptional versatility. Situated on a desirable 40 x 125 ft lot, this home is ideal for families, downsizers, multi-generational living, or buyers seeking income potential.The fully renovated main floor showcases a stunning new kitchen complete with stylish cabinetry, updated countertops, and brand-new appliances. New flooring, fresh paint, updated doors, and modern trim throughout create a bright, welcoming atmosphere with a clean contemporary feel.Enjoy peace of mind with major mechanical improvements already completed, including a furnace (2024), air conditioner (2023), and roof (2019). Additional features include 100-amp electrical service, an owned hot water tank, and a transferable mechanical systems warranty extending through 2032.The finished basement includes a separate 1-bedroom in-law suite, providing excellent flexibility for extended family, guests, or potential rental income. There is also an opportunity to add convenient main-floor laundry if desired.Outside, you'll find a rare double-car garage, ample private parking, and a spacious backyard offering endless possibilities for outdoor entertaining, gardening, or simply relaxing in your own private retreat.Combining thoughtful renovations, valuable updates, and flexible living options, 8 Lombardy Crescent is a turnkey opportunity that delivers outstanding value in today's market.
Estimate your monthly payments for this property
Estimated Payment
$4,612.38/mo
Includes CMHC insurance ($25,082)
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 Dorset Park / Kennedy Park
Dorset Park / Kennedy Park 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 Dorset Park / Kennedy Park
- •Convenient location in Dorset Park / Kennedy Park
- •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
Dorset Park / Kennedy Park 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 Lombardy Crescent, Dorset Park / Kennedy Park
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 $1284/sqft, this property is priced above the Kennedy Park 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.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Kennedy Park 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kennedy Park. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Kennedy Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.