$889,000 - 802 Modlin Road, Pickering
Detached for Sale in Pickering
51 days on market- MLS Number
- E13053648
- Property Type
- Detached
- Status
- active
- Days on Site
- 51
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Pickering
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Exceptional opportunity to live in Pickering's sought-after Frenchman's Bay community. This well-maintained detached backsplit is just a short walk to the lake and nearby parks-perfect for enjoying scenic family walks and the vibrant waterfront lifestyle. Ideally located only minutes from Highway 401, the GO Station, and Pickering Town Centre. The home offers a finished basement with a separate entrance, complete with a bedroom and kitchen, providing excellent rental potential of approximately $1,500-$1,800 per month. Featuring 3+1 bedrooms and 3 washrooms, it offers plenty of space for comfortable family living. Freshly painted and move-in ready, the home also includes new washroom vanities on the upper level. The basement layout offers great flexibility and can easily be reconfigured into a two-bedroom suite while maintaining a family room for the main living space. Perfect for multi-generational families or buyers seeking additional income potential. OPEN HOUSE: MAY 2&3(SAT&SUN-2:00PM-4:00PM)
Estimate your monthly payments for this property
Estimated Payment
$4,561.03/mo
Includes CMHC insurance ($24,803)
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.
802 Modlin Road, 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
Fair Market Value
At $808/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.
Negotiation Opportunity
At 51 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.
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 $3,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.