$798,000 - 284 Main Street, King
Detached for Sale in King
New — Listed 4 days ago- MLS Number
- N13111440
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- King
- Lot Size
- 4,381 sqft
- Listing Brokerage
- COLDWELL BANKER RONAN REALTY
Welcome to 284 Main Street Shomberg - Offered at only $798,000. Incredible Value with excellent ROI Rental income potential!Opportunity is Knocking - Will You Answer?Attention investors, entrepreneurs, and savvy end users! This exceptionally rare, mixed-use zoned property offers the ultimate flexibility - allowing both residential and commercial use in one of the most desirable pockets of King Township.Perfectly positioned in the heart of charming downtown Schomberg, right along its vibrant Main Street, this property presents endless possibilities: live where you work, generate rental income, operate your business, or invest in a rapidly growing community.Surrounded by popular restaurants, boutique shops, schools, dental offices, grocery stores, and everyday conveniences - and offering quick access to Highways 400, 27, and 9 - the location truly speaks for itself.Inside, you'll find: 5 spacious bedrooms 4 bathrooms Multiple private entrances A rear upper balcony A fully fenced backyard with a beautiful interlock patio 2 laundry rooms Spacious front covered porch Currently separated into 4 apartments - 2 main level studio apartments, upper level 2 bedroom, main level rear 1 bedroom with den 64k annul rental income 2025 (Upper unit 2 bedroom currently vacant)Currently operating as a profitable income-generating rental property, this is a turnkey opportunity with immediate upside and long-term growth potential.Own a piece of downtown Schomberg and secure your place in one of King Township's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$4,094.15/mo
Includes CMHC insurance ($22,264)
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.
284 Main Street, King
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Rental income estimator & ROI calculator
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
Competitive Pricing
At $725/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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.
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 4 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 $3,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.