$2,399,000

For sale

256 Banner Lane, King (King City) - Single Family for Sale

256 Banner Lane, King (King City), Ontario, L7B1H2

2 beds2 baths8 parking1,300 ft²124 × 254 ft (31,370 sq ft) lot sizeListed 13 days ago

Overview

This 2-bedroom, 2-bathroom home in King is for sale offering roughly 1,300 sq ft of space. Its $2,399,000 asking price sits right in line with the $2,499,000 median in King. It has been on the market 13 days, fresher than the King average of 67 days.

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Description

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:66096)

Property Details

MLS®: N14107526
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 124 × 254 ft (31,370 sq ft)
Frontage: 124 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $8,192.71/yr

Rooms

Main level

Kitchen: 6.52 x 3.83 meters
Family room: 5.09 x 4.87 meters
Primary Bedroom: 3.83 x 3.83 meters
Bedroom 2: 3.83 x 3.78 meters
Sitting room: 3.2 x 2.99 meters

Basement

Recreational, Games room: 13.84 x 3.63 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Microwave, Cooktop, Freezer, Garage door opener
Foundation: Unknown
Exterior: Brick, Stone
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

King (King City) listings, avg age

67d

Price / ft²

$1,845

List price

$2.40M

Haho

This 2-bed single family in King (King City) has been listed for 13 days, which is 54 days fresher than the city average of 67. Act while there is still low competition.

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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD. · ANA PRONIO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L7B)

This home lists at $2,399,000, about 15.6× the local median household income of $154,000.

Carrying it typically needs a household income of about $468,609 (20% down, 25-yr amortization, stress-tested) — roughly 204% above the area median.

Median household income: $154,000
Population: 17,809
Median age: 42
Owner / renter: 90% / 10%
Avg. household size: 3.2

Source: Statistics Canada, 2021 Census (FSA L7B)

$2,399,000· $1,845/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $479,800

Min 20%50%

Mortgage payment$10,231/mo

Property tax (est.)$683/mo

Total monthly$10,914

Cash Needed to Close

Down payment (20%)$479,800

Land transfer tax$46,450

Est. closing costs$9,697

Total cash needed$535,947

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