250 South Summit Farm Road, King, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of King City. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $6,280,000 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
- Generous living space spanning 2500-3000 sqft on a premium 241.2 x 681.63 ft lot
- Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
- 13.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with other central cooling and highly efficient other heating via other
Description
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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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Lake/Pond, Rolling
Interior Features
None
Security 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 250 South Summit Farm Road, King, ON L7B 1J8
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 $6,280,000 in King, the legal minimum down payment is $1,256,000 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 $143,475 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 $143,475.
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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.