$4,188,000 - 50 Elmers Lane, King
Detached for Sale in King
73 days on market- MLS Number
- N12837410
- Property Type
- Detached
- Status
- active
- Days on Site
- 73
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- King
- Lot Size
- 11,367 sqft
- Listing Brokerage
- EXP REALTY
Absolutely Spectacular Mansion Facing a Lovely Kids Park with Exquisite Luxurious Finishes and The Utmost in Craftsmanship. Situated on One of A Kind Premium Huge Corner Lot 106.86 x 114.93 Ft per Geowarehouse. $$$ Spent On Professional Landscaping, Wrapped Around Interlocking Stone Walkway and Backyard Patio. Beautiful Exterior with Breathtaking Stone Facade, Built by Renowned Treasure Hills Homes. This Mansion Boasts 5,302 Sq Ft Above Grade Per MPAC, Ensuring A Lifestyle of Unparalleled Elegance and Comfort. 3 Car Garage, Spacious 5 Bedrooms And 6 Bathrooms, All Bedrooms Have Their Own Ensuite Bathrooms. Premium Wide Plank Dark Hardwood Flooring Through Out Main Floor And Second Floor. Exceptional Layout, Soaring 22 Ft High Ceiling Foyer With Polished Marble Flooring, 15 Ft High Ceiling Living Room and Family Room & 11 Ft High Ceilings Library And Kitchen. 10-11 Ft High Ceiling On Second Floor. Warm Gas Fireplace In Living Room And Family Room. Stunning Unique Designed Coffered Ceilings Throughout Main Floor. Spectacular Oak Staircase with Designer Wrought Iron Pickets. Dramatic Crystal Chandeliers And Luxury Draped Curtains With Tassels Throughout the Entire House. Craftsmanship & Meticulous Attention to Detail Are Featured in This Elegant Mansion. Chef Inspired Kitchen with Natural Stone Flooring, Custom Built-In Cabinetry, Granite Countertops, Oversized Central Island and Unique Backsplash, Professional Rangehood, & Top of The Line Stainless-Steel Appliances, Extra Pantry Space Was Added In 2023. Walk-up Basement. Fully Fenced Private Backyard & Outdoor BBQ Perfect for Entertaining and Relaxing. Exceptional Location Within Highly Rated School Catchments, Including King City Public School, Alexander Mackenzie High School, Villanova Private College, Dr. G.W. Williams Secondary School. This Exquisite Mansion Is A Private Oasis Of Sophistication And Comfort, Offering The Ultimate In Refined Living In King City Community.
Estimate your monthly payments for this property
Estimated Payment
$18,524.94/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.
50 Elmers Lane, 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
Fair Market Value
At $838/sqft, this property is priced in line with current King market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 73 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 5,000 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.
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 6 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.