115 Carmichael Crescent, King, ON
King City, King · MLS® N13225662
About this home
Treasure Hill 8-Yr-New Estate in Prestigious King City Luxury Enclave! 80*160 Ft Ravine Lot, Over 8,000 Sq Ft Of Luxury Living Space, Meticulously maintained 4+1 bed, 8 bath home boasts 10ft main/9ft 2nd ceilings & 2 soaring open-to-above areas & Soaring 14 Ft tray ceiling in Family Rm & Primary Rm. Car enthusiast's dream 4-car garage (3 bays w/1 tandem drive-through) on a freshly sealed driveway. Backs onto premium slope & Seneca trail. Surrounded by top-tier private schools!Features HRV, US-made Crestron Smart Home (phone-controlled climate/multi-zone audio/Security/ Lights) & exquisite RH (Restoration Hardware) lighting. Elite chef's kitchen w/48" Sub-Zero fridge, 48" Wolf range & hood, built-in Wolf oven & Microwave, ASKO dishwasher.Walk-Up Basement offers a gym, full Karaoke room w/JBL sound, 2nd full kitchen (fridge, stove, hood, dishwasher) & guest suite. Convenient 2nd-flr laundry + basement rough-in. Resort-like interlock yard w/stone floor fire pit & hot tub. Premium lifestyle & nature combined, mins to Hwy 400!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13225662
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 8 (3 half)
- Size
- 5,000 sq ft
- Lot
- 80.12 × 161.61 ft
- Cross streets
- Keele St & King Rd
- Parking
- 4 garage · 10 parking (built-in)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $18,475 / 2026
- Days on market
- 46
- Listing brokerage
- ROYAL LEPAGE PEACELAND STEVEN SUN REALTY
Rooms
hardwood floor · 5 pc ensuite · walk-in closet(s)
laminate · w/o to garden · window
hardwood floor · coffered ceiling(s) · large window
hardwood floor · vaulted ceiling(s) · gas fireplace
hardwood floor · w/o to patio · open concept
hardwood floor · stainless steel appl · granite counters
laminate · 3 pc ensuite · window
hardwood floor · bay window · crown moulding
laminate · pot lights · mirrored walls
laminate · electric fireplace · pot lights
hardwood floor · coffered ceiling(s) · gas fireplace
hardwood floor · 3 pc ensuite · walk-in closet(s)
hardwood floor · 3 pc ensuite · walk-in closet(s)
hardwood floor · 3 pc ensuite · walk-in closet(s)
laminate · stainless steel appl · centre island
Listed at $3,980,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $4.17M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $5.59M
- Bedrooms −$30K
- Bathrooms +$15K
- Adjusts to $5.58M
That comparable adjusts to $5.58M; the $4.56M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (King City PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Seneca College Stop # 7242 is about a 15-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $4.56M, median of 8 comparables.
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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Worth verifying
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 22% below the area average of $1,017/sqft.
25 days longer than the King average (21 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
King City, King, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA 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.
Almost all errands require a car.
🚉 Nearest transit: Seneca College Stop # 7242, about 1.2 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $3,184,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $16,991
- Property tax
- $1,540
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $18,531
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $85,975
- Estimated closing costs
- $85,975
Plus your down payment of $796,000. 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
- $1,019,460
- Principal paid down
- $405,483
- Interest paid
- $613,977
- Balance remaining
- $2,778,517
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 ROYAL LEPAGE PEACELAND STEVEN SUN REALTY. MLS®/PropTx.