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Banner Lane, King (King City), ON, L7B1H2
Asking Price
$2,580,000
3
Baths
Detached
Type
Listed on MLS and shown here with a PrivateDeals opportunity analysis. PrivateDeals is not the listing brokerage.
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 score
4.5 / 10
Recommended strategy
TurnkeyAutomated estimate generated from listing data. Not a property valuation or investment advice.
Property type
Detached
Lot size
just over half an acre
Basement
Finished
Separate entrance
No
Strengths
Opportunities
Weaknesses
Threats
20.0%
Monthly payment (principal + interest)
$13,825
Down payment
$516,000
Mortgage amount
$2,064,000
Rate · amortization
6.5% · 25 yrs
Canadian semi-annual compounding. Add CMHC & land transfer tax →
/month
What it would rent for, all units combined
%
= $516,000 · linked to the mortgage calculator
/mo
Est. 1.2% of price a year
/mo
Repairs, condo fees
Monthly cash flow
Enter the rent to see if this home pays for itself.
Rent needed to break even
$16,405/mo
Mortgage (P+I)
−$13,825
Property tax
−$2,580
Asking Price
$2,580,000
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