$899,900
431 Sheppard Avenue, Pickering, ON L1V 1E7
Woodlands
Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.
Woodlands · L1V 1G3
$1,098,000
$998 / sq ft1 months on market
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.
11 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Living Room | Main | 6.00 × 4.00 m19.7 × 13.1 ft | Combined w/Dining · Hardwood Floor · Bay Window |
| Dining Room | Main | 4.00 × 3.50 m13.1 × 11.5 ft | Combined w/Living · Hardwood Floor · Open Concept |
| Kitchen | Main | 5.00 × 4.50 m16.4 × 14.8 ft | Family Size Kitchen · Eat-in Kitchen · Stainless Steel Appl |
| Primary Bedroom | Main | 4.00 × 3.50 m13.1 × 11.5 ft | W/O To Deck · Hardwood Floor · Window |
| Bedroom 2 | Main | 4.00 × 3.00 m13.1 × 9.8 ft | Hardwood Floor · Closet · Window |
| Bedroom 3 | Main | 4.00 × 3.00 m13.1 × 9.8 ft | Hardwood Floor · Closet · Window |
| Living Room | Basement | 6.52 × 11.48 m21.4 × 37.7 ft | Combined w/Dining · Ceramic Floor |
| Dining Room | Basement | 6.51 × 3.49 m21.4 × 11.5 ft | Combined w/Living · Ceramic Floor |
| Kitchen | Basement | 3.49 × 2.98 m11.5 × 9.8 ft | Pot Lights · Above Grade Window · Broadloom |
| Bedroom 4 | Basement | 4.49 × 3.99 m14.7 × 13.1 ft | Broadloom · Closet · Window |
| Bedroom 5 | Basement | 3.99 × 3.65 m13.1 × 12.0 ft | Laminate · Closet · Window |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 18% of comparable detached listings in Woodlands are asking less.
Based on 11 comparable active detached listings in Woodlands. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,098,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of HOMELIFE/MIRACLE REALTY LTD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
What similar homes in this area actually sold for.
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Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.
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