$8,688,000 - 236 Banner Lane, King
Detached for Sale in King
New — Listed 4 days ago- MLS Number
- N13113404
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 5
- Bathrooms
- 10
- Square Feet
- 5,000+ sqft
- Neighbourhood
- King
- Lot Size
- 1 sqft
- Listing Brokerage
- SALERNO REALTY INC.
236 Banner Lane Is The Epitome Of Luxury Living In Prestigious King City. Situated On An Oversized 100 X 220 Ft Lot Offering Just Over Half An Acre, This Custom Built And Professionally Designed Estate Offers 6,900 Sq.Ft Above Grade And Showcases Unmatched Craftsmanship, Luxury Finishes, And Meticulous Attention To Detail Throughout. This Exceptional 4+1 Bedroom, 9 Bathroom Home Features A Stunning Stone Exterior, Fully Landscaped Gated Heated Driveway, Heated Garage, Smart Home Technology, Automatic Blinds, And Resort Style Backyard Complete With Extensive Hard & Softscaping And An Oversized Built In Pool. The Main Floor Features Hardwood Flooring, Porcelain Tiles, Wainscotting, Pot Lights, Built In Speakers, Oversized Windows Offering Incredible Natural Light, Formal Living And Dining Rooms, Sitting Room, Billiards Room, And A Spacious Family Room Combined With The Breakfast Area, Both With Walkouts To The Expansive Deck Overlooking The Private Oasis Like Backyard. The Chef's Kitchen Features Top Of The Line Stainless Steel Appliances, Centre Island, Pot Lights, And Not One But Two Large Pantries. All Upper Level Bedrooms Feature Walk In Closets And Their Own Private Ensuites, Along With Hardwood Flooring And Pot Lights Throughout. Convenient Upper Level Laundry With Built In Cabinetry Adds Everyday Functionality. The Finished Basement Offers An Expansive Open Concept Recreation Area With Wet Bar & Centre Island, Theatre Room, Gym Complete With Full Bath And Sauna, Plus An Additional Bedroom With Walk In Closet And 3 Piece Ensuite, Perfect For Nanny Or In Law Quarters. The Backyard Is Truly The Showstopper Featuring An Oversized Deck With Built In BBQ And Pizza Oven, Oversized Pool, Mature Trees Lining The Rear Of The Property Offering Ultimate Privacy, And A Convenient 2 Piece Pool Bath. Luxury Living Meets Resort Style Comfort At This Exceptional King City Estate.
Estimate your monthly payments for this property
Estimated Payment
$38,429.95/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover King
King is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in King
- •Convenient location in King
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
King offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
236 Banner Lane, King
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1738/sqft, this property is priced above the King average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In King's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in King are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in King.
Bathroom Count Matters
With 10 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.