BANNER LANE, King (King City), ON, L7B1H2
3 Baths
$2,580,000
Asking Price
Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a transitioning estate neighbourhood and surrounded by multi-million dollar homes. Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in appliances, a grand island with Calcutta marble counters, crown mouldings, 5" engineered hardwood, 8" trim, frameless glass shower with double vanity & quartz countertop and a finished basement with expansive recreation space, laundry & two dressing rooms. Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways. Walk to Restaurants and amenities. Move in, renovate, or build your dream estate. This is a rare offering with exceptional future potential. (id:24493) MLS® #N13619654 The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA
Recommended Strategy:
Property Type
Single Family
Status
Active
Lot Size
over half an acre
Basement
Finished
Separate Entrance
No
Strengths
• Rare premium lot
• Located in a transitioning estate neighbourhood
• Multi-million dollar homes in the surrounding area
Weaknesses
• Lot size may require careful planning for future development
• Some renovation may be required before moving in
• Possible zoning restrictions to consider
Opportunities
• Potential for custom dream home development
• Growing demand for housing in the area
• Nearby amenities and easy access to transportation
Threats
• Market conditions may impact property value
• Competition from other real estate investors
• Possible changes in local zoning laws
Down Payment
Canadian semi-annual compounding
Down
$516,000
Loan
$2,064,000
Monthly P+I
$13,825
= $516,000 · 20.0% committed
Auto-calculated from mortgage above
Ontario default: 1.2% of $2,580,000 ÷ 12
Monthly Summary
Mortgage (P+I)
$13,825
Property Tax
$2,580
Total Out
$16,405
Rental In
$0
Net / Month
-$16,405
Net Cash Flow
Enter rental income to activate the gauge
Asking Price
Posted Aug 2, 2026 · about 1 month ago
·
3 ba
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