$2,640,000 - 5023 Franklin Street, Pickering
Detached for Sale in Pickering
New — Listed 5 days ago- MLS Number
- E13418042
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 8
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Pickering
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome To 5023 Franklin St, An Extraordinary Custom-Built Bungaloft Estate Nestled In The Prestigious Hamlet Of Claremont, Where Refined Luxury Meets Exceptional Multi-Generational Living. Thoughtfully Designed With Timeless Elegance And Unparalleled Functionality, This One-Of-A-Kind Residence Offers 8 Bedrooms, 5 Bathrooms, Multiple Private Living Quarters, And A Separate Coach House. A Rare Opportunity For Extended Families, Luxury Retreat Living, Or Potential Income Generation. Soaring Ceilings, Oversized Windows, And Designer Finishes Create An Airy, Sophisticated Atmosphere Throughout, While The Stunning Chef's Kitchen Serves As The Heart Of The Home Featuring Premium Appliances, Custom Cabinetry, And An Expansive Centre Island Curated For Elevated Entertaining. The Main Floor Primary Retreat Offers A Private Sanctuary Complete With A Spa-Inspired Ensuite And French Doors Leading To A Serene Backyard Escape. The Upper Level Functions As Its Own Luxurious Private Residence With A Separate Kitchen, Living Area, Fireplace, Bedrooms, Bath, And Walkout To A Secluded Deck. The Fully Finished Lower Level Continues To Impress With High Ceilings, Large Above-Grade Windows, Additional Bedrooms, Bathrooms, And Generous Recreation Space Ideal For Guests Or Extended Family. Situated On A Private Oversized Lot With Ample Parking, A 3-Car Garage, And A Generac Backup Power System Ensuring Reliable Power And Peace Of Mind Year-Round. Surrounded By The Natural Beauty And Charm Of Claremont, Enjoy Close Proximity To Scenic Trails, Conservation Areas, Golf Courses, Equestrian Facilities, Claremont Memorial Park, Community Centre, Local Dining, Top-Rated Schools, And Convenient Access To Pickering, Markham, Uxbridge, Major Highways, And Urban Amenities. A Rare Offering That Seamlessly Blends Estate Living, Architectural Craftsmanship, And Endless Lifestyle Possibilities.
Estimate your monthly payments for this property
Estimated Payment
$11,677.61/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 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.
5023 Franklin Street, Pickering
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1056/sqft, this property is priced in line with current Pickering market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
Excellent Flexibility
With 8 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.
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 $11,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.