$797,000 - 472 Main Street, King
Detached for Sale in King
- MLS Number
- N13028408
- Property Type
- Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- King
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Welcome to 472 Main St - an exceptional opportunity on an impressive 61 x 109 ft corner lot in desirable R1C zoning! Perfectly positioned in a prime, high-demand location, this property offers incredible versatility for investors, end users, or those looking to maximize future potential.This unique home features two fully self-contained living spaces, thoughtfully laid out to provide privacy and independence. Each space offers its own kitchen, living area, and separate entrance, making it ideal for extended family living or strong income potential. The configuration includes a 1-bedroom unit and a 2-bedroom unit, with a combined rental potential of approximately $4,500/month.The property continues to impress with a partially finished basement, already equipped with a nearly completed additional bathroom, offering even more flexibility for future living space, recreation, or customization to suit your needs.Situated right on Main Street, you'll enjoy unbeatable convenience with shops, restaurants, schools, and everyday amenities just steps away, all while benefiting from excellent exposure and easy access to major routes.Whether you're looking to live, invest, or explore future development opportunities, this property delivers location, flexibility, and income potential all in one.
Estimate your monthly payments for this property
Estimated Payment
$4,089.02/mo
Includes CMHC insurance ($22,236)
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.
472 Main Street, 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
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.
Market Position
At 23 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,321 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.