696 Sheppard Avenue, Pickering, ON L1V 1G3
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.
Living Room
Combined w/Dining, Hardwood Floor, Bay Window
6 x 4 m
Main
Dining Room
Combined w/Living, Hardwood Floor, Open Concept
4 x 3.5 m
Main
Kitchen
Family Size Kitchen, Eat-in Kitchen, Stainless Steel Appl
5 x 4.5 m
Main
Primary Bedroom
W/O To Deck, Hardwood Floor, Window
4 x 3.5 m
Main
Bedroom 2
Hardwood Floor, Closet, Window
4 x 3 m
Main
Bedroom 3
Hardwood Floor, Closet, Window
4 x 3 m
Main
Living Room
Combined w/Dining, Ceramic Floor
6.52 x 11.48 m
Basement
Dining Room
Combined w/Living, Ceramic Floor
6.52 x 3.5 m
Basement
Kitchen
Pot Lights, Above Grade Window, Broadloom
3.5 x 2.99 m
Basement
Bedroom 4
Broadloom, Closet, Window
4.5 x 4 m
Basement
Bedroom 5
Laminate, Closet, Window
4 x 3.66 m
Basement
Interior features
Floor Drain
Basement
Apartment, Separate Entrance
Bathrooms
1 × 4-piece — Main, 1 × 4-piece — Main, 1 × 4-piece — Basement
Fireplace
Yes
Family room
No
Kitchens
2
Rooms (above / below grade)
8 above, 3 below
Architectural style
Bungalow
Construction materials
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Exterior features
Paved Yard
Direction faces
South
Garage type
Attached
Garage spaces
1
Total parking spaces
13
Driveway parking
12
Parking features
Available
Lot size
55 x 145 ft
Cross street
Sheppard / Whites
Directions
Sheppard / Whites
Neighbourhood
Woodlands
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$1,149,000
Original list price
Annual taxes
$5,500
Tax year
2026
Legal description
Pal Plan 221-11-1 Sec Pickering Pt Lt 11 Pl221
Inclusions
Exclusions
MLS #
E13637938
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
TBD
Occupancy
Owner+Tenant
Listing brokerage
HOMELIFE/MIRACLE REALTY LTD
Co-listing brokerage
HOMELIFE/MIRACLE REALTY LTD
$2,288,000
Median list price
11
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$5,508
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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