1867 Spruce Hill Road, Pickering, ON
Dunbarton, Pickering · MLS® E8429858
About this home
Presenting a prime development opportunity in the prestigious area of Pickering. This property currently features an outdated structure, offering a blank canvas for your construction or renovation ambitions.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E8429858
- Bedrooms
- 4
- Bathrooms
- 2
- Lot
- 75 × 150 ft
- Cross streets
- Whites Road & Finch Ave
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Available
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Septic
- Property tax
- $7,436 / 2023
- Days on market
- 832
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Listed at $1,600,000. Comparable sales put this home around $911K, so the ask is about 76% above them. A gap this wide is more often a limit of an automated comparison than a fact about the home, so treat the figure as a starting point, not a verdict.
Compared as a project. The listing presents this home as one to renovate or rebuild, so the finished homes among its comparable sales were adjusted for that before comparing.
Longer on the market than typical. 832 days on the market, and asking 76% above where comparable closings put it.
More than comparable sales went into this figure. The comparable sales on their own point to $1.00M; the city assessment, which reflects this home’s own size, age and build, points to $956K. The estimate weighs both, along with where homes in this pocket have actually been selling and the finish the listing describes.
Total price vs nearby homes. Fair value about $911K, median of 25 comparables.
The market behind the math:
About 6 months of inventory: 8 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
How this estimate is builtthe short version
I take the 25 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $956K, a close match.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Read this with carewhy it’s an estimate, not an appraisal
This listing did not confirm square footage, so I compared on beds, baths, and location instead of size. Confirm the size to sharpen this.
There were not many closely comparable homes right in Dunbarton, so I widened the search to the surrounding area.
Based on 25 comparable homes that sold in Dunbarton over the past two years, from 54 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $1.29M, which is where my estimate comes from.
Per square foot, these ask about $725/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Dunbarton, Pickering, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 4.24% via Ratehub.ca (as of September 22, 2026); conventional rates run a little higher.
Mortgage amount $1,280,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,006
- Property tax
- $620
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,626
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,475
- Estimated closing costs
- $28,475
Plus your down payment of $320,000. 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
- $420,383
- Principal paid down
- $158,263
- Interest paid
- $262,121
- Balance remaining
- $1,121,737
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
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 14 whole-home leases in Dunbarton signed at a median of $3,800 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,663. 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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.