$1,799,000
Est. payment $7,966/moCalculate yours
42 Banner Lane, King, ON L7B 1K2
King City, King, ON L7B 1K2
- 5 Beds
- 3 Baths
- 2 Garage
- 2,500 Sq Ft
Listing courtesy of RE/MAX REALTRON REALTY INC. MLS® N12832422
About this home
Exceptional Opportunity in Kings Prestigious Neighborhood, Highly sought-after area of King City on an expansive pie-shaped lot, approximately 200 feet deep with a 135-foot-wide rear yard. Surrounded by multi-million-dollar estates, this expansive and private parcel offers the perfect canvas to build your dream home in a serene and established enclave. This large Backsplit 5 features 4 bedrooms and 3 bathrooms, offering a spacious layout perfect for a growing family. Just steps from public transit, the community center, scenic hiking trails, and top private and public schools, this home provides both convenience and tranquility. With 2 kitchens, a wet bar, and a huge cold room, this home is ideal for multi-generational living. The beautifully fenced backyard boasts a vegetable garden, fruit trees, and a variety of perennial flowers and shrubs, along with a garden shed for additional storage. This is a prime opportunity for builders looking to renovate or build on this oversized lot in a prestigious neighborhood. Don’t miss out on this exceptional property!
Property details
Overview
- Property Type
- Detached
- Style
- Backsplit 5
- For
- For Sale
- Status
- New
- Size
- 2,500 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 2
- Basement
- Finished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 71.36 x 197.59 Feet
- Parking
- Attached garage · 6 total
Financial
- Property Taxes
- $8,272 (2025)
Location
- Neighbourhood
- King City
- Cross Street
- King Rd/Banner Lane
- Direction Faces
- West
Listing
- MLS® Number
- N12832422
- Days on Market
- 230
- Listed On
- 2026-03-02
- Possession
- 60-90
- Listed By
- RE/MAX REALTRON REALTY INC.
Rooms
Features
Interior
- Other
Pool
- None
Mortgage calculator
Estimated mortgage payment
$7,966 per month
- Principal and interest
- $7,966
- Property tax
- $689
- Condo fees
- $0
- Estimated monthly cost
- $8,655
Your mortgage
- Mortgage amount
- $1,439,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $950,475
Cash to close
- Down payment
- $359,800
- Land transfer tax
- $32,455
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $392,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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