$6,800,000
King
1065 20th Side Road, King (Schomberg), Ontario, L0G1T0
This multi-family property in King is for sale offering roughly 2,250 sq ft of space.
A long, private driveway winds through nearly 28 acres of picturesque countryside, passing two spring-fed ponds, a children's playground, and a full soccer field before arriving at this spectacular stone bungalow estate. Offering the perfect blend of luxury country living and exceptional income potential, this one-of-a-kind property is unlike anything else on the market. The custom-built home features open-concept living with vaulted ceilings, a bright great room with walk-out to a covered lanai, a gourmet kitchen, and beautifully renovated main-floor bathrooms. The main level offers three spacious bedrooms, while the finished walk-out basement includes two additional bedrooms, a large recreation room with fireplace, built-in bar, and a lower-level dining area ideal for entertaining. Step outside to your private resort featuring a saltwater pool, waterfall, hot tub, poolside bar, and breath taking views of the surrounding landscape. A separate two-level, 6-car garage provides endless possibilities for collectors, hobbyists, storage, or a home gym. Additional features include radiant floor heating, central A/C, surround sound, and four gas fireplaces. Adding tremendous value is the property's rare commercially zoned contractor's yard, featuring approximately 36,000 sq.ft. of outdoor storage, a 6,500 sq.ft. heated garage/workshop with radiant floor heating, second-level office space, and extensive parking. The commercial building is currently leased on a month-to-month basis, generating $12,000 per month, with the tenant willing to remain for immediate income or vacate for an owner-user. Above the workshop is a spacious 1,200 sq.ft. one-bedroom apartment offering excellent additional rental income potential or ideal accommodation for extended family, a caretaker, or employees. Conveniently located just west of Hwy 27 and north of Hwy 9, minutes from Schomberg, this extraordinary estate combines executive living, investment income, and commercial flexibility in one. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 91 days on market, against an average age of 63 days across the listings currently for sale in this city
This 5-bed multi-family in King (Schomberg) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $6,800,000, about 57.6× the local median household income of $118,000.
Carrying it typically needs a household income of about $1,328,278 (20% down, 25-yr amortization, stress-tested) — roughly 1026% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0G)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.