1988 Royal Road, Pickering, ON
Village East, Pickering · MLS® E13733802
About this home
In short
- Gourmet Kitchen, Full Gas Range top, B/I Microwave and B/I Oven.
- High Ceilings Throughout.
- Potential Rental Income Finished Basement With Large Recreation Area, Optional Home Theatre Or Gym.
- Pool-Size Backyard Ideal For Outdoor Enjoyment & Future Landscaping Potential.
- The House Features The Herringbone Hardwood Flooring Throughout.
Welcome To This Brand New, Never-Lived! This Magnificent Custom Home Offers The Finest Finishes Throughout Over 6000 Sq Ft Of Finished Living Space Located In Pickering Village East. Oversized 4 Bedrooms With A Lifestyle Bedroom Size Closet. Gourmet Kitchen, Full Gas Range top, B/I Microwave and B/I Oven. High Ceilings Throughout. This Home is Designed For Entertaining, Huge Family Room with Gas Fireplace. Large Ensuite Baths. Potential Rental Income Finished Basement With Large Recreation Area, Optional Home Theatre Or Gym. Pool-Size Backyard Ideal For Outdoor Enjoyment & Future Landscaping Potential. Deep Lot Offers Space And Privacy Rarely Found In The Area..This Home Combines Contemporary Elegance With Unparalleled Functionality. A True One Of A Kind Exterior Design. The House Features The Herringbone Hardwood Flooring Throughout. The Fully Finished Walk-up Basement With Huge Recreational Room. There is lot of feature to list here and needs the visit to experience the attention to details and design.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13733802
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 51 × 185 ft
- Cross streets
- Brock And Kingston
- Parking
- 2 garage · 8 parking (built-in)
- Driveway
- Private
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Poured Concrete, Concrete
- Roof
- Asphalt Shingle, Shingles
- Sewer
- Sewer
- Property tax
- $3,749 / 2025
- Days on market
- 44
- Listing brokerage
- RIGHT AT HOME REALTY
This is a rare parcel: about 0.22 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.48M, which is where my estimate comes from.
Per square foot, these ask about $506/sqft; this home lists at $466/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Pickering: $1.02M in September 2026, down 3% from a year ago, on 646 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Pickering as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.06M | 61 |
| November 2025 | $1.07M | 49 |
| December 2025 | $1.03M | 35 |
| January 2026 | $1000K | 33 |
| February 2026 | $1.04M | 40 |
| March 2026 | $1.02M | 55 |
| April 2026 | $1.07M | 68 |
| May 2026 | $1.05M | 65 |
| June 2026 | $1.08M | 73 |
| July 2026 | $1.06M | 61 |
| August 2026 | $983K | 54 |
| September 2026 | $1.02M | 52 |
Neighbourhood & location
Village East, Pickering, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Pickering.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,583,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,758
- Property tax
- $312
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,071
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,075
- Estimated closing costs
- $36,075
Plus your down payment of $396,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $525,492
- Principal paid down
- $193,535
- Interest paid
- $331,957
- Balance remaining
- $1,390,464
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Village East (5 of 13 recent detached leases were basement units, around $1,550 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,550 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Village East signed at a median of $1,800 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,300. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.