$6,280,000 - 250 South Summit Farm Road, King
Detached for Sale in King
105 days on market- MLS Number
- N12659894
- Property Type
- Detached
- Status
- active
- Days on Site
- 105
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- King
- Lot Size
- 12 sqft
- Listing Brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Rare opportunity to acquire a prime acreage WITHIN the King City Village boundaries on the Official Plan! This property, is located in the coveted southern most part of King City adjacent to lands in the process of residential development. Consists of elevated & gently sloping land with idyllic views of a charming pond. Most of the pond lies on adjacent parcels to the south that are not included in the approx. 11 acres. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital. **EXTRAS** The property, including all structures thereon, including well, are in "as is" condition & there are no representations or warranties, express or implied. Actual number of rooms in structures has not been verified. Square footage of structure is very approximate and is not to be taken as a representation; cannot be verified. Kindly do not walk property without listing agent. Notwithstanding the requirement to state in the MLS listing whether HST is in addition to or included in the purchase price, this statement is not a representation or warranty. The applicability of HST can only be determined by the parties' tax professionals taking into account all of the facts of a specific sale.
Estimate your monthly payments for this property
Estimated Payment
$27,778.56/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.
250 South Summit Farm Road, 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 $2512/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.
Negotiation Opportunity
At 105 days on site, this property has exceeded the typical selling timeline for King. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to King. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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.
Investment Perspective
Looking at this as an investment: King properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $26,167 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.