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King City, King
$6,280,000
Rare opportunity to acquire a prime acreage WITHIN the King City Village boundaries on the Official Plan! This property, is located in the coveted southern most part of King City adjacent to lands in the process of residential development. Consists of elevated & gently sloping land with idyllic views of a charming pond. Most of the pond lies on adjacent parcels to the south that are not included in the approx. 11 acres. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital. **EXTRAS** The property, including all structures thereon, including well, are in "as is" condition & there are no representations or warranties, express or implied. Actual number of rooms in structures has not been verified. Square footage of structure is very approximate and is not to be taken as a representation; cannot be verified. Kindly do not walk property without listing agent. Notwithstanding the requirement to state in the MLS listing whether HST is in addition to or included in the purchase price, this statement is not a representation or warranty. The applicability of HST can only be determined by the parties' tax professionals taking into account all of the facts of a specific sale.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $12,894 |
| Lot Size | 241.2 ft x 681.63 ft |
| mls© Number | N12659894 |
| Listed By | RE/MAX HALLMARK YORK GROUP REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $32,144
- Property tax
- $1,074
- Heat allowance
- $150
- Housing costs
- $33,368 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$1,027,000
gross annual household income
- Payment at 4%
- $26,427 / mo
- Cash down
- $1,256,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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