256 Banner Lane, King, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of King City. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $2,580,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 123.58 x 253.77 ft lot
- Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Carpet Free, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a transitioning estate neighbourhood and surrounded by multi-million dollar homes. Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in appliances, a grand island with Calcutta marble counters, crown mouldings, 5" engineered hardwood, 8" trim, frameless glass shower with double vanity & quartz countertop and a finished basement with expansive recreation space, laundry & two dressing rooms. Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways. Walk to Restaurants and amenities. Move in, renovate, or build your dream estate. This is a rare offering with exceptional future potential.
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Property Summary
This detached home located at 256 Banner Lane, King is currently for sale and has been available on SousaSells for 7 days. This property is listed at $2,580,000 with an estimated mortgage of $8,588* per month. It has 2 beds, 2 bathrooms, and is 1100-1500 square feet. 256 Banner Lane, King is in the King City neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in King City, King.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1100-1500 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Carpet Free
- In-Law Capability
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 256 Banner Lane, King, ON
Q.What is the asking price for 256 Banner Lane, King, ON ?
The current listing price for 256 Banner Lane, King, ON in King City, King is $2,580,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 256 Banner Lane, King, ON ?
256 Banner Lane, King, ON is a Detached (Bungalow) featuring a Finished, Walk-Up basement.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free, In-Law Capability.
Q.Is parking available at this property?
Yes, this property offers parking space for 8.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 256 Banner Lane, King, ON L7B 1H2
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 $2,580,000 in King, the legal minimum down payment is $516,000 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 $50,975 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 $50,975.
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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.