62 Mount Mellick Drive, King

Price: $7,488,000

5 bedrooms, 7 bathrooms

5,000+ sqft

Property Type: Detached

MLS#: N13045248

An exceptional opportunity in prestigious King City to own a grand estate property offering over 13,000 sq.ft. of total living space. This expansive residence presents a true blank canvas for end-users, builders, or investors looking to design and finish a custom home tailored to their exact vision. The main level offers an impressive footprint with generously sized principal rooms, including a large kitchen area, formal dining space, private office, and expansive living areas ready to be reimagined. The layout provides excellent flow and scale, ideal for creating a modern open-concept design or maintaining defined luxury spaces. The second level features multiple oversized bedrooms, including a substantial primary suite with walk-in closet and ensuite layout, along with additional bedrooms positioned for privacy and functionality-each with access to bathrooms and ample closet space. The basement remains unfinished, offering a significant amount of additional square footage with endless possibilities for customization-whether a recreational level, wellness space, home theatre, or in-law suite. Featuring 6 garage spaces and a separate in-law suite above the garage, this property offers exceptional flexibility for multi-generational living or additional accommodation. Situated on a premium lot in a sought-after King City location, close to top-rated schools, parks, and commuter routes. A rare opportunity to complete a truly custom estate.

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$7,488,000 - 62 Mount Mellick Drive, King

Detached for Sale in King

5Beds
7Baths
5,000+Sq Ft
Detached
Property Details
MLS Number
N13045248
Property Type
Detached
Status
active
Days on Site
19
Bedrooms
5
Bathrooms
7
Square Feet
5,000+ sqft
Neighbourhood
King
Listing Brokerage
ROYAL LEPAGE COMMERCIAL WESTHAVEN
Description

An exceptional opportunity in prestigious King City to own a grand estate property offering over 13,000 sq.ft. of total living space. This expansive residence presents a true blank canvas for end-users, builders, or investors looking to design and finish a custom home tailored to their exact vision. The main level offers an impressive footprint with generously sized principal rooms, including a large kitchen area, formal dining space, private office, and expansive living areas ready to be reimagined. The layout provides excellent flow and scale, ideal for creating a modern open-concept design or maintaining defined luxury spaces. The second level features multiple oversized bedrooms, including a substantial primary suite with walk-in closet and ensuite layout, along with additional bedrooms positioned for privacy and functionality-each with access to bathrooms and ample closet space. The basement remains unfinished, offering a significant amount of additional square footage with endless possibilities for customization-whether a recreational level, wellness space, home theatre, or in-law suite. Featuring 6 garage spaces and a separate in-law suite above the garage, this property offers exceptional flexibility for multi-generational living or additional accommodation. Situated on a premium lot in a sought-after King City location, close to top-rated schools, parks, and commuter routes. A rare opportunity to complete a truly custom estate.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$33,121.95/mo

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5-yr fixed avg.

Principal: $5,990,400Interest: $3,946,185
Mortgage Amount$5,990,400
Total Interest$3,946,185
Est. Property Tax$5,304/mo
Total Cost$9,936,585

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

62 Mount Mellick Drive, King

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,200/mo
Range: $4,420 - $5,980
Cap Rate (ROI)
-0.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$5,200
Maintenance Fees-$0
Property Tax (est.)-$5,304
Insurance (est.)-$1,560
Net Cash Flow-$1,664

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

Premium Pricing

At $1498/sqft, this property is priced above the King average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 19 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.

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 7 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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