Rare Opportunity – New Property by Justin Homes

Rare opportunity to soon own a truly superior high end custom made home with 60ft by 165ft very private treed lot on Pickering’s most prestigious street.

Currently the property is being rented. Undecided whether the current house will be remodeled or a new 5000sqft luxury custom home will be built.

Currently the 60 ft * 165 ft land on this street in Pickering is valued above $800,000 - only for the lot. The current 2,800sqft house plus the finished basement on this land is valued at least at $950,000, in its current condition. If remodeled completely, the value will be above $1.3M. If a luxury custom home is built around 4,000sqft on this street, the value will be above $2.2M. During this period, May 2017, the custom homes with the same lot between 3,500sqft and 4,500sqft in this area are selling above $2.2M. Please contact us if you are interested in this property.

 

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