472 Main Street, King, ON
Schomberg, King · MLS® N13028408
About this home
Welcome to 472 Main St - an exceptional opportunity on an impressive 61 x 109 ft corner lot in desirable R1C zoning! Perfectly positioned in a prime, high-demand location, this property offers incredible versatility for investors, end users, or those looking to maximize future potential.This unique home features two fully self-contained living spaces, thoughtfully laid out to provide privacy and independence. Each space offers its own kitchen, living area, and separate entrance, making it ideal for extended family living or strong income potential. The configuration includes a 1-bedroom unit and a 2-bedroom unit, with a combined rental potential of approximately $4,500/month.The property continues to impress with a partially finished basement, already equipped with a nearly completed additional bathroom, offering even more flexibility for future living space, recreation, or customization to suit your needs.Situated right on Main Street, you'll enjoy unbeatable convenience with shops, restaurants, schools, and everyday amenities just steps away, all while benefiting from excellent exposure and easy access to major routes.Whether you're looking to live, invest, or explore future development opportunities, this property delivers location, flexibility, and income potential all in one.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13028408
- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1100-1500
- Lot
- 61 × 109 ft
- Cross streets
- Hwy 9/ Main St
- Parking
- 6 garage (other)
- Driveway
- Available
- Basement
- Full, Partially Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Wall Unit(s)
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,056 / 2025
- Days on market
- 86
- Listing brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Schomberg PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Newmarket Bus Stop is about a 110-minute walk away.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Income potential
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homes65 days longer than the King average (21 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Schomberg, King, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Newmarket Bus Stop, about 8.8 km away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). King.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $637,600 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,402
- Property tax
- $338
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,740
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,415
- Estimated closing costs
- $12,415
Plus your down payment of $159,400. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $204,148
- Principal paid down
- $81,199
- Interest paid
- $122,950
- Balance remaining
- $556,401
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC.. MLS®/PropTx.