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696 SHEPPARD AVENUE, Pickering (Woodlands) — listed at $1,098,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Exceptional Income Opportunity! This property features a fully legal basement apartment, permitted by the City as a Two-Dwelling House, currently generating $2,100 per month in rental income. Whether you're looking to offset your mortgage, invest in a high-performing income property, or accommodate extended family, this legal suite offers outstanding flexibility and long-term value.Welcome to 696 Sheppard Avenue, Pickering, a rare opportunity to own a spacious home on a premium square-shaped lot backing onto a ravine, combining privacy, convenience, and exceptional investment potential.Perfectly situated directly across from a high school and just 2 minutes from Highway 401, this home offers unbeatable accessibility for commuters and families. You'll also enjoy easy access to shopping, parks, public transit, and everyday amenities.This well-maintained home has seen significant updates, including a new roof (2022), new furnace (2022), and a brand-new asphalt driveway (2025). The expansive driveway accommodates up to 10 vehicles, in addition to a large attached garage, making it ideal for large families, car enthusiasts, or those who love to entertain their friends and familyThe picturesque ravine setting creates a peaceful backyard retreat while maintaining the convenience of city living. With its legal income-generating suite, premium lot, major mechanical updates, extensive parking, and prime location, 696 Sheppard Avenue is an exceptional opportunity for homeowners, investors, and multigenerational families alike.Don't miss your chance to own a property that offers the perfect balance of lifestyle, functionality, and reliable rental income. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 6 x 4 meters |
| Bedroom 5 | Basement | 3.99 x 3.65 meters |
| Dining room | Main level | 4 x 3.5 meters |
| Kitchen | Main level | 5 x 4.5 meters |
| Primary Bedroom | Main level | 4 x 3.5 meters |
| Bedroom 2 | Main level | 4 x 3 meters |
| Bedroom 3 | Main level | 4 x 3 meters |
| Living room | Basement | 6.52 x 11.48 meters |
| Dining room | Basement | 6.51 x 3.49 meters |
| Kitchen | Basement | 3.49 x 2.98 meters |
| Bedroom 4 | Basement | 4.49 x 3.99 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,500, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Pickering (Woodlands) before counting on it.
What makes this a luxury property?+
At $1,098,000, standout features include 3 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What's the parking situation?+
This property includes 13 spaces — Attached Garage, Garage.
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