$899,990 - 2964 Peter Matthews Drive, Pickering
Townhouse for Sale in Pickering
31 days on market- MLS Number
- E13120582
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 31
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Pickering
- Listing Brokerage
- EXP REALTY
Welcome to 2964 Peter Matthews Drive in Pickering, a brand new, move-in ready Rear Lane, 2-Storey townhome, located in one of Pickering's exciting upcoming communities. Built by Elizabeth Homes, this stunning 1,748 sq. ft. Sapphire End Unit offers modern design, quality craftsmanship, and a functional layout ideal for families, professionals, or investors alike. Featuring 4 spacious bedrooms and 3 bathrooms, this thoughtfully designed home includes a bright and open-concept main living area perfect for everyday living and entertaining. The primary bedroom boasts a private ensuite bath, while the unfinished basement includes a convenient 3-piece bathroom rough-in, offering excellent future potential for additional living space. Enjoy peace of mind with full Tarion Warranty coverage. Turn-key and ready for immediate occupancy, this is your opportunity to own a brand new home in a growing Pickering neighbourhood close to future amenities, parks, schools, and commuter routes. Landscaping will be done by the builder this spring and power wash the exterior of the house.
Estimate your monthly payments for this property
Estimated Payment
$4,617.42/mo
Includes CMHC insurance ($25,110)
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 Pickering
Pickering 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 Pickering
- •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
Pickering 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.
2964 Peter Matthews Drive, 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 $600/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.
Market Position
At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Pickering have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Pickering. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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.
Investment Perspective
Looking at this as an investment: Pickering properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.