$1,449,000 - 1020 Colonial Street, Pickering
Detached for Sale in Pickering
New — Listed 3 days agoNeighbourhood: Liverpool
- MLS Number
- E13597332
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Pickering
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to this exceptional luxury detached home nestled in one of Pickering's most sought-after prime locations. About 3350 sq feet offering 5 spacious bedrooms and 5 bathrooms, this stunning residence is perfect for growing or multigenerational families seeking space, comfort, and long-term value. Step inside to discover a thoughtfully designed layout featuring a main floor office, a huge living room ideal for entertaining, and an open-concept family room seamlessly connected to the modern kitchen, california shutters - creating the perfect atmosphere for everyday living and hosting guests. The professionally finished legal 2-bedroom basement apartment, completed in 2016 with a separate entrance, full kitchen, seperate laundry, offers excellent income potential of approximately $2,000/month. Uniquely designed, the basement also reserves nearly 40% of the space exclusively for the owners, including a spacious recreation room, storage area, and gym space. Outside, enjoy a beautifully private backyard oasis featuring a massive deck, charming gazebo, and mature tall trees providing both tranquility and privacy - perfect for summer gatherings and family enjoyment. With parking for up to 5 vehicles including a 3-car driveway and 2-car garage, this home truly checks every box. Pre-Listing home inspection available for buyer confidence. An incredible opportunity to own a luxurious, income-generating family home in prime Pickering. Perfect for those looking to upgrade their lifestyle while enjoying the benefits of multigenerational living. Don't miss your chance to make this your forever home! Architects Drawing and Occupancy Cert for 2 Bed Legal Basement is attached to Listing.
Estimate your monthly payments for this property
Estimated Payment
$6,409.42/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Liverpool
Liverpool is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Liverpool
- •Convenient location in Pickering
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Liverpool offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1020 Colonial Street, Pickering
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $483/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Pickering's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Pickering are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Pickering.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.