Gurvinder Nokwal REALTOR®
For Sale Detached 230 days on market

$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

Room Level Dimensions
Recreation Basement 22′ 0″ × 15′ 0″
Breakfast Main 11′ 10″ × 11′ 9″
Kitchen Basement 22′ 0″ × 11′ 10″
Primary Bedroom Upper 13′ 8″ × 15′ 11″
Bedroom 2 Upper 12′ 8″ × 10′ 4″
Dining Room Main 14′ 4″ × 11′ 6″
Kitchen Main 8′ 7″ × 11′ 9″
Family Room In Between 21′ 7″ × 12′ 9″
Bedroom 5 In Between 11′ 10″ × 12′ 6″
Living Room Main 14′ 4″ × 15′ 1″
Sitting In Between 11′ 11″ × 12′ 9″
Bedroom 3 Upper 12′ 1″ × 10′ 4″
Bedroom 4 In Between 12′ 1″ × 10′ 2″

Features

Interior

  • Other

Pool

  • None

Mortgage calculator

Minimum for this price: $359,800 (20%)

Amortization, years

Estimated mortgage payment

$7,966 per month

Principal and interest
$7,966
Property tax
$689
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
Total, before legal fees
$392,255
Talk to me about financing

Estimates 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

42 Banner Lane, King, ON L7B 1K2 King City, King, ON L7B 1K2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,799,000 42 Banner Lane, King, ON L7B 1K2
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