240-2075 King Road, King, ON
King City, King · MLS® N13157738
About this home
In short
- King Terraces by Zancor Homes, offers everything you've been looking for and more Spacious open floor plan, the stunning natural light that fills each room, or the...
- This exquisite North/East View 2-Bed, 2-bathroom defines luxury, boasting soaring 9-foot ceilings, a sleek modern interior with premium plus Den decor upgrades.
- The gourmet kitchen is a chef's dream, and the luxurious primary suite feels like a private retreat.
- King Terraces Sales Centre located at Unit 131-2075 King Rd, King City. Parking and Locker Not Included in Maintenance Fee - Purchase Price is Net of H.S.T.
King Terraces by Zancor Homes, offers everything you've been looking for and more Spacious open floor plan, the stunning natural light that fills each room, or the serene courtyard that's perfect for relaxing or entertaining. This exquisite North/East View 2-Bed, 2-bathroom defines luxury, boasting soaring 9-foot ceilings, a sleek modern interior with premium plus Den decor upgrades. Upgrades Include panel ready fridge and dishwasher, quartz countertop with matching slab backsplash and battery powered blinds, BBQ Gas line, Located in a highly desirable neighborhood of King City, this Condo not only boasts impressive curb appeal, but it also features modern finishes and thoughtful touches that make it truly special. The gourmet kitchen is a chef's dream, and the luxurious primary suite feels like a private retreat. With top-rated schools, parks, shopping, and dining just minutes away, you'll have everything you need right at your doorstep. Plus, the community is welcoming and perfect for families, young professionals, or anyone seeking a peaceful yet vibrant atmosphere. King Terraces is a place where you can create memories, build your future and truly live your best life. Schedule a tour today. King Terraces Sales Centre located at Unit 131-2075 King Rd, King City. ** Parking and Locker Not Included in Maintenance Fee - ** ** Purchase Price is Net of H.S.T. Rebate **
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13157738
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899 sq ft
- Cross streets
- King Rd. & Keele St.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $648/mo
- Exposure
- North
- Days on market
- 147
- Listing brokerage
- INTERCITY REALTY INC.
Rooms
vinyl floor · w/o to balcony · 3 pc ensuite
vinyl floor · stainless steel appl · combined w/dining
vinyl floor · combined w/kitchen
vinyl floor · w/o to balcony · large window
vinyl floor · closet · large window
Listed at $799,991 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $785K, typically $740K to $850K. Comparable closings on their own put this home around $630K, about 21% below the ask.
Longer on the market than typical. 147 days on the market against about 89 for homes like it here, and asking 27% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $785K, from 6 recent closings in this pocket.
The market behind the math:
About 4.5 months of inventory: 9 condo apartment homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $942/sqft against an area asking average of $843/sqft.
How this estimate is builtthe short version
I take the 6 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Based on 6 homes sold in this building over the past two years, from 20 closings in King City.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $630K, which is where my estimate comes from.
Per square foot, these ask about $838/sqft; this home lists at $942/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
King City, King, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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) →
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $639,993 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,539
- Estimated property tax
- $500
- Condo / maintenance fees
- $648
- Heating
- $0
- Estimated monthly cost
- $4,687
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,475
- Estimated closing costs
- $12,475
Plus your down payment of $159,998. 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
- $212,318
- Principal paid down
- $78,195
- Interest paid
- $134,122
- Balance remaining
- $561,797
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 numbersThe last 8 whole-home leases in King City signed at a median of $2,576 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,945. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of INTERCITY REALTY INC.. MLS®/PropTx.