42 Banner Lane, King, ON
Property Highlights
Welcome to this remarkable Backsplit 5 detached located in the coveted neighborhood of King City. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,799,000 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.
- 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 71.36 x 197.59 ft lot
- Features a finished 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: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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!
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Property Summary
This detached home located at 42 Banner Lane, King is currently for sale and has been available on SousaSells for 180 days. This property is listed at $1,799,000 with an estimated mortgage of $5,988* per month. It has 5 beds, 3 bathrooms, and is 2500-3000 square feet. 42 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 5 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in King City, King.
- •5 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •2500-3000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in King City, King.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 42 Banner Lane, King, ON
Q.What is the asking price for 42 Banner Lane, King, ON ?
The current listing price for 42 Banner Lane, King, ON in King City, King is $1,799,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 3 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 42 Banner Lane, King, ON ?
42 Banner Lane, King, ON is a Detached (Backsplit 5) featuring a Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (Attached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
King City, King
2 assaults (20.0/100k)
5 B&E (50.0/100k)
9 thefts (90.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
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 42 Banner Lane, King, ON L7B 1K2
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 $1,799,000 in King, the legal minimum down payment is $359,800 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 $32,455 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 $32,455.
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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.
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