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256 BANNER LANE King (King City), Ontario

BANNER LANE, King (King City), ON, L7B1H2

3 Baths

Single Family
Listed

$2,580,000

Asking Price

256 BANNER LANE King (King City), Ontario, photo 1
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About This Property

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

Opportunity Analysis

Score: 80 / 10

Recommended Strategy:

Fix & Flip|Rental|Turnkey

Facts & Features

Property Type

Single Family

Status

Active

Lot Size

over half an acre

Basement

Finished

Separate Entrance

No

Business Case

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

Mortgage Calculator

Down Payment

0%
20%
50%
100%

Canadian semi-annual compounding

Down

$516,000

Loan

$2,064,000

Monthly P+I

$13,825

Cash Flow Analysis

= $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

NET / MO-$16,405

Enter rental income to activate the gauge

Asking Price

$2,580,000

Listed

Posted Aug 2, 2026 · about 1 month ago

·

3 ba

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