5023 Franklin St
Rural Pickering, Pickering, L1Y 1B4
FOR SALE
$2,888,888
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5 + 3
BEDROOMS5
BATHROOMS2
KITCHENS12
ROOMSE9512672
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Property Description
Discover unparalleled luxury in this custom-built North Pickering home, featuring 5+3 bedrooms, 5 bathrooms, a spacious 3-car garage, and a large backyard deck. Situated on premium land, the property also includes a fully self-contained guest house with rental income potential. Conveniently located near Highway 7, the 407, and Old Elm GO Station, this exceptional home provides easy access to parks, community centers, golf clubs, and other amenities.Inside, enjoy pot lights throughout, elegant stone slab and hardwood flooring, and a spacious open-concept design. The gourmet kitchen boasts a custom natural gas stove, granite countertops, and ample cabinetry.The basement offers 3 bedrooms, 2 bathrooms, high ceilings, a cold cellar, and oversized windows that fill the space with natural light.For peace of mind, the home is equipped with a Generac backup power system, ensuring reliable power 24/7.With luxurious touches like a custom front door, hardwood stairs, and a large backyard deck, this home is designed for elegance and style. The second-floor bedrooms feature private balconies and could be converted into a separate apartment. Additionally, with the easy addition of a separate entrance, the basement could become an independent rental unit.
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Property Features
Golf, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
85' x 297'
Fronting
East
Taxes
$10,966 (2024)
Basement
Finished, Full
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
17
Driveway
Pvt Double
Garage Type
Built-In
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Pickering Market Statistics
Pickering Price Trend
5023 Franklin St is a 5-bedroom 5-bathroom home listed for sale at $2,888,888, which is $987,222 (51.9%) higher than the average sold price of $1,901,666 in the last 30 days (October 13 - November 11). During the last 30 days the average sold price for a 5 bedroom home in Pickering increased by $1,174,666 (161.6%) compared to the previous 30 day period (September 13 - October 12) and up $359,666 (23.3%) from the same time one year ago.Inventory Change
There were 9 5-bedroom homes listed in Pickering over the last 30 days (October 13 - November 11), which is down 18.2% compared with the previous 30 day period (September 13 - October 12) and down 30.8% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Pickering typically sold ($146,000) (7.7%) below asking price over the last 30 days (October 13 - November 11), which represents a $273,000 decrease compared to the previous 30 day period (September 13 - October 12) and ($46,739) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Pickering over the last 30 days (October 13 - November 11) stood at 33.3%, up from 9.1% over the previous 30 days (September 13 - October 12) and down from 38.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Pickering stood at 38 days when successfully sold over the last 30 days (October 13 - November 11), compared to 40 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Innovative Realty Inc.
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