31 Munsie Drive, King

Price: $2,489,000

4 bedrooms, 5 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: N12758440

Located in the prestigious Gates of Nobleton, this stately bungaloft offers 3,524 sq. ft. above grade plus a fully finished basement, ideal for growing or multi-generational families. Features include 10-ft ceilings, a dramatic 20-ft family room ceiling with gas fireplace, overlooking the kitchen and high-quality wide plank flooring throughout the main and upper levels. The generous backyard is professionally landscaped with an interlock patio and in-ground sprinklers. An incredible opportunity in a high-demand, prime location. You will not be disappointed.

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$2,489,000 - 31 Munsie Drive, King

Detached for Sale in King

100 days on market
4Beds
5Baths
3,500 - 3,999Sq Ft
Detached
Property Details
MLS Number
N12758440
Property Type
Detached
Status
active
Days on Site
100
Bedrooms
4
Bathrooms
5
Square Feet
3,500 - 3,999 sqft
Neighbourhood
King
Listing Brokerage
CECILIA DEFREITAS FINE HOMES LTD.
Description

Located in the prestigious Gates of Nobleton, this stately bungaloft offers 3,524 sq. ft. above grade plus a fully finished basement, ideal for growing or multi-generational families. Features include 10-ft ceilings, a dramatic 20-ft family room ceiling with gas fireplace, overlooking the kitchen and high-quality wide plank flooring throughout the main and upper levels. The generous backyard is professionally landscaped with an interlock patio and in-ground sprinklers. An incredible opportunity in a high-demand, prime location. You will not be disappointed.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$11,009.69/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,991,200Interest: $1,311,706
Mortgage Amount$1,991,200
Total Interest$1,311,706
Est. Property Tax$1,763/mo
Total Cost$3,302,906

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.

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Neighbourhood Guide: King

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

31 Munsie Drive, King

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,050/mo
Range: $3,443 - $4,658
Cap Rate (ROI)
0.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,050
Maintenance Fees-$0
Property Tax (est.)-$1,763
Insurance (est.)-$519
Net Cash Flow+$1,768

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $711/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.

Negotiation Opportunity

At 100 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.

Larger Home Realities

At 3,500 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.

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 5 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.

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