220 Melrose Avenue, King, ON
Property no longer active
This property was sold on July 26, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of King City. Expertly crafted featuring premium brick and aluminum siding construction, this residence presents an exceptional opportunity offered at $1,688,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 100 x 150 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 220 Melrose Ave! Nestled in the Heart of the highly sought-after community of King City, this Unique property offers a perfect blend of privacy, comfort and potential. Situated on a generous 100 x 150 ft lot, with ample space for outdoor activities & gardening. Step inside to discover a functional interior floor plan featuring two main floor bedrooms, a walk-out basement with second kitchen and an oversized garage for the toys or hobbyist. Endless possibilities this property offers a unique opportunity for future buyers to easily update with their own personal touches or design and build the home of their dreams that truly reflects your style and needs. This family-friendly neighbourhood boasts a variety of local amenities, park and recreation, shopping and dining. Top rated schools and easy access to major highways and public transportation.
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Property Summary
This detached home located at 220 Melrose Avenue, King is currently for sale and has been available on SousaSells for 731 days. This property is listed at $1,688,000 with an estimated mortgage of $5,619* per month. It has 4 beds, 3 bathrooms, and is 1500-2000 square feet. 220 Melrose Avenue, King is in the King City neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Park, Place Of Worship, School, Wooded/Treed
Interior Features
None
Security Features
Smoke Detector
Community Features
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 220 Melrose Avenue, King, ON L7B 1J7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in King, ON
For a property listed at $1,688,000 in King, the legal minimum down payment is $337,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $30,235 for this transaction. As this listing is in King (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $30,235.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.