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 Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
1100-1500
Lot Depth:
145'44.2 m
Lot Frontage:
55'16.8 m
Lot Shape:
Rectangular
Topography:
Dry, Flat
Direction Faces:
South
Bedrooms:
3+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
2
Kitchens in Basement:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
8
Rooms Below Grade:
3
Fractional Ownership:
No
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete
Roof:
Asphalt Shingle
Basement:
Apartment, Separate Entrance
Fireplace/Stove:
Yes
Garage:
Attached
Garage Spaces:
1.0
Parking Features:
Available
Parking Spaces:
12
Total Parking Spaces:
13.0
Family Room:
No
Possession Details:
TBD
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$5,500 /
2026
Assessment:
$- /
-
Durham
Pickering
Woodlands
Park, Public Transit, Ravine
Floor Drain
Paved Yard
Hot Water Tank
Stainless Steel Appliances , Stove, Fridge, Range hood, Washer Dryer, AC, Gas Furnace
Brick
No
No
Clear
Floor
Type
Size
Other
Main
Living Room
19'8¼"6.00 m × 13'1½"4.00 m
Combined w/Dining, Hardwood Floor, Bay Window
Main
Dining Room
13'1½"4.00 m × 11'5¾"3.50 m
Combined w/Living, Hardwood Floor, Open Concept
Main
Kitchen
16'5"5.00 m × 14'9"4.50 m
Family Size Kitchen, Eat-in Kitchen, Stainless Steel Appl
Data was last updated August 8, 2026 at 06:15 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,850,000
Min list price:
$1,039,000
Max list price:
$2,800,000
Avg days on market:
43
Min days on market:
3
Max days on market:
86
These statistics are generated based on the current listing's property type
and located in
Woodlands. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.