$1,149,000
696 Sheppard Ave
Pickering, ON L1V 1G3
696 Sheppard Ave, Pickering — Listed at $1,149,000. 5 bedroom, 3 bathroom Bungalow Detached. MLS® E13637938.
Possession · seller's timeline
30-59 days
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Description
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 Details
Property Insights
Listing Courtesy of: HOMELIFE/MIRACLE REALTY LTD
MLS® #E13637938


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HouseIndex Take: 696 Sheppard Avenue
This detached (Bungalow) is located in the Woodlands neighbourhood of Pickering.
The home offers 5+2 bedrooms, 3 bathrooms.
Features include a apartment, separate entrance basement, 13 parking spaces including a 1-car garage, a fireplace.
Additional details: lot dimensions of 55 × 145 feet.
Listed at $1,149,000 CAD with annual property taxes of $5,500 (2026).
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About Pickering Real Estate
This Detached is located in the Woodlands community in Pickering. Pickering bridges Toronto's east end and Durham Region, offering relatively affordable homes with direct GO Train connectivity. The Pickering Town Centre area is undergoing major intensification, while established neighbourhoods like Rougemount and Liverpool offer mature streetscapes. Rouge National Urban Park is a unique asset for nature enthusiasts. Detached homes in Pickering are in high demand among families seeking space, privacy, and long-term equity growth.






























