1020 Colonial Street, Pickering, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Liverpool. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,499,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 45.28 x 115.52 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Auto Garage Door Remote, Water Heater Owned
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this exceptional luxury detached home nestled in one of Pickering's most sought-after prime locations. 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!
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Features
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Interior Features
Auto Garage Door Remote, Water Heater Owned
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Carbon Monoxide Detectors, Smoke Detector
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1020 Colonial Street, Pickering, ON L1X 1P1
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About Purchasing a Home in Pickering, ON
For a property listed at $1,499,900 in Pickering, the legal minimum down payment is $299,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,473 for this transaction. As this listing is in Pickering (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.