For Sale

696 Sheppard Avenue

$1,199,000
Pickering, Ontario L1V 1G3 · MLS® E13637938 · Updated 1h ago
696 Sheppard Avenue, Pickering, ON L1V 1G3
1 / 35 photos
5
Bedrooms
3
Bathrooms
Sq Ft
13
Parking

About This Home

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.

Property Information

Type
Residential Freehold
Style
Detached
Architectural Style
Bungalow
Lot Size
55 × 145 ft
Direction Faces
South
Bedrooms
5 (3 + 2)
Kitchens
2
Parking
13 total · Attached
Cross Street
Sheppard / Whites
Postal Code
L1V 1G3
Occupancy
Owner+Tenant
Possession
30-59 days
MLS#
E13637938
Listing Office
HOMELIFE/MIRACLE REALTY LTD

Building Details

Construction
Brick
Roof
Asphalt Shingle
Heating
Forced Air · Gas
Cooling
Central Air
Basement
Apartment, Separate Entrance
Fireplace
Yes
Laundry
Main Level
Pool
None
Elevator
No

Features & Amenities

Interior
Floor Drain
Exterior
Paved Yard
Property
ParkPublic TransitRavine
View
Clear

Financials & Fees

Annual Property Tax
$5,500 (2026)

Inclusions & Exclusions

Inclusions

Stainless Steel Appliances , Stove, Fridge, Range hood, Washer Dryer, AC, Gas Furnace

Location

Listing courtesy of:HOMELIFE/MIRACLE REALTY LTD

Source: Toronto Regional Real Estate Board (TRREB), via PropTx Innovations Inc.

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