32 Church Street Unit 223, King

Price: $540,000

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: N12523270

Welcome to Chestnut Manor in historic Schomberg! Don't miss this one! Two bedroom, two bath condo with den. Walk out to a South facing balcony. Spacious unit measuring over 1200 sq ft. Bright unit with one underground parking spot and storage locker (beside parking). Ensuite laundry. Shows pride of ownership. All mechanicals owned except for the hot water heater. Short walk to restaurants, coffee shop, library, bank & more! Quiet building with multipurpose room, mini-gym, library and a guest suite. Quaint village atmosphere is great for walking cycling etc. Balcony is 10 feet x 5 feet (irregular)

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$540,000 - 32 Church Street Unit 223, King

Condo for Sale in King

105 days on market
2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
N12523270
Property Type
Condo
Status
active
Days on Site
105
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
King
Locker
Owned
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX WEST REALTY INC.
Description

Welcome to Chestnut Manor in historic Schomberg! Don't miss this one! Two bedroom, two bath condo with den. Walk out to a South facing balcony. Spacious unit measuring over 1200 sq ft. Bright unit with one underground parking spot and storage locker (beside parking). Ensuite laundry. Shows pride of ownership. All mechanicals owned except for the hot water heater. Short walk to restaurants, coffee shop, library, bank & more! Quiet building with multipurpose room, mini-gym, library and a guest suite. Quaint village atmosphere is great for walking cycling etc. Balcony is 10 feet x 5 feet (irregular)

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,770.48/mo

Includes CMHC insurance ($15,066)

$
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5%10%50%

5-yr fixed avg.

Principal: $486,000Interest: $330,078
Mortgage Amount$501,066
Total Interest$330,078
Est. Property Tax$383/mo
Total Cost$831,144

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

32 Church Street Unit 223, King

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$383
Insurance (est.)-$113
Net Cash Flow+$1,244

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 $450/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 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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