$1,299,000 - 781 Oliva Street, Pickering
Detached for Sale in Pickering
105 days on market- MLS Number
- E12806644
- Property Type
- Detached
- Status
- active
- Days on Site
- 105
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Pickering
- Listing Brokerage
- RE/MAX IMPACT REALTY
Welcome to this exceptional, custom-built duplex, completed in 2022, ideally situated in the prestigious West Shore community of Pickering. Renowned for its peaceful atmosphere, scenic waterfront, and proximity to schools, parks, shopping, and transit, this property is a rare find that combines luxury, functionality, and outstanding investment potential. Perfect for multigenerational living or rental income opportunities, the home also offers potential for future expansion. The property features a 400-amp electrical service with separate 100-amp panels for each unit. Both hydro and water are separately metered, enabling fair, straightforward utility billing. The split ductwork system features dual-zone temperature controls, allowing each unit to customize its heating and cooling. The upper unit is equipped with a tankless water heater, while the basement unit features a dedicated water heater. Superior construction quality is evident throughout, with 2x6 framing, a metal roof, Rockwool insulation inside and out, including two layers of 1.5" exterior insulation. The plumbing has been upgraded with a 1-inch feed, future-proofing for additional units or upgrades. The basement unit is currently leased, providing immediate rental income for investors or supplemental income. The exterior of the home will be completed before closing. This is a truly turnkey property in one of Pickering's most desirable neighbourhoods, offering not only a beautiful place to live but also a smart investment opportunity. Whether you're seeking a multi-family home with solid rental income, a future triplex development, or simply a spacious custom residence, this property delivers modern amenities, energy-efficient features, and meticulous craftsmanship. Don't miss your chance to own this West Shore gem. Schedule your private showing today and experience the quality and lifestyle that set this home apart.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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.
781 Oliva 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 $650/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.
Negotiation Opportunity
At 105 days on site, this property has exceeded the typical selling timeline for Pickering. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 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.
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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.