Pickering Bungalow Real Estate Statistics
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One of the most desirable property types in this city, Pickering is a vibrant city with welcoming neighborhoods.
Like many other areas with in the Durham Region, Pickering has seen a lot of expansion, but it balances its historic communities and its new developments. The city itself has a happening downtown, and is a popular alternative to Toronto living, especially for families. Homes are more affordable than the big city, however price points are generally a bit higher than other part of the Durham Region because of its closer proximity to Toronto.
Bungalows in Pickering are highly sought-after. For those searching for a detached home, single-storey properties are an excellent option. Bungalows are classic in their design, but still offer the multiple bedrooms and bathroom that families require. However, Pickering bungalows do tend to be priced the same and higher than multi-story properties, with even older homes being priced upwards of a million dollars on occasion. Most of the bungalows in Pickering are luxury, and older properties might also require some updates. Despite this, these homes present an incredible investment opportunity.
For families, bungalows provide a great lifestyle, and some of the older homes are located closer to the city center and to the lake. With these unbeatable locations, residents are never far away from the area's shops, restaurants, and schools. With multiple bedrooms and bathrooms, there's room for growth. Many bungalows also have basements, which have been renovated for some additional living space. Often renovated basements are used as a living area with perhaps fitness or laundry spaces.
Luxury bungalows are well-maintained and generally have all the modern upgrades and conveniences one might want. This can include open floor plans, kitchen and bathroom upgrades, modern finishes, stainless steel appliances, wood flooring, neutral colour palettes, and sometimes even a fireplace. Ample outdoor space with backyard decks are also common in luxury Pickering bungalows, and additional buildings on the property (such as a guest house, garage, or shed) are also desirable features.