15 Old Church Road, King, ON
Rural King, King · MLS® N13415496
About this home
In short
- Welcome To Your Private Ravine Retreat In The Heart Of Prestigious King City.
- Set On An Exceptional 0.46-Acre Ravine Lot, this extensively renovated residence offers a rarecombination of luxury, privacy, and natural beauty.
- Designed for modern living and effortless entertaining, the home showcases sophisticatedVenetian plaster accent walls, a custom-crafted chef's kitchen with premium...
- Expansive windows frame picturesque ravine views while flooding the interior with warmthand natural light.
- The finished lower level with separate entrance presents outstanding flexibility for extendedfamily living, a private guest suite, home office, or potential...
Welcome To Your Private Ravine Retreat In The Heart Of Prestigious King City.Set On An Exceptional 0.46-Acre Ravine Lot, this extensively renovated residence offers a rarecombination of luxury, privacy, and natural beauty. Surrounded by mature trees andbreathtaking views, the home is filled with natural sunlight from sunrise to sunset, creatingbright, elegant living spaces that seamlessly connect with the outdoors.Designed for modern living and effortless entertaining, the home showcases sophisticatedVenetian plaster accent walls, a custom-crafted chef's kitchen with premium AAA stainlesssteel appliances, and a stunning oversized stone island that serves as the centerpiece of thehome. Expansive windows frame picturesque ravine views while flooding the interior with warmthand natural light.Every major component has been thoughtfully upgraded, offering true peace of mind for years tocome. Improvements include new insulation in attic and walls, drywall, windows and doors, roofand soffits (2020), refinished well with new pump (2021), upgraded electrical system and panel(2020), interior and exterior pot lighting, detached garage (2021), extended driveway (2021),new septic bed (2023), high-efficiency air conditioning (2024), and a private sauna retreat inthe lower level.The striking stucco exterior creates timeless curb appeal, while the beautifully redesignedbathrooms feature elegant European-inspired finishes and custom furnishings.The finished lower level with separate entrance presents outstanding flexibility for extendedfamily living, a private guest suite, home office, or potential income-generating opportunity.Properties offering this level of privacy, extensive renovations, abundant natural light, andprime King City location rarely become available. A truly turnkey luxury residence where everydetail has been thoughtfully considered.Simply move in and enjoy the lifestyle.
Key facts
- Property type
- Detached, Bungalow-Raised
- MLS®
- N13415496
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 60.41 × 253.59 ft
- Cross streets
- Westone Rd/ King Rd
- Parking
- 2 garage · 8 parking (detached)
- Driveway
- Private
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $6,766 / 2026
- Days on market
- 129
- Listing brokerage
- ROYAL TEAM REALTY INC.
Rooms
centre island · quartz counter · porcelain floor
3 pc bath · closet · large window
heated floor · walk-in closet(s) · large window
hardwood floor · quartz counter · ceramic backsplash
3 pc ensuite · walk-in closet(s) · large window
3 pc bath · walk-in closet(s) · large window
hardwood floor · closet · fireplace
open concept · overlooks backyard · combined w/dining
sauna · 4 pc bath · ceramic floor
pot lights · w/o to deck · combined w/living
hardwood floor · walk-in closet(s) · large window
Listed at $1,738,000. Going by how homes in Rural King and the wider GTA have actually closed against their asking prices (about 96%, 13 local closings in 90 days), the likely sale price is near $1.66M, if it sells. A realistic range is $1.56M to $1.87M.
Independent value check: $1.60M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.50M and $1.67M).
Why $1.60M. The typical detached home sold in Rural King over the past year went for about $2.33M (40 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $6,766 a year; the typical home sold here pays about $8,900.
- ▼ Lowers itIts lot is 60 by 254 ft; the typical lot sold here is 257 by 446.
- ▼ Lowers itIt is 1,500 to 2,000 sq ft; the typical home sold here is 2,500 to 3,000.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Longer on the market than typical. 129 days on the market against about 85 for homes like it here, and asking 9% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.66M, from 13 recent closings in this pocket.
The market behind the math:
About 10.2 months of inventory: 44 detached homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $993/sqft against an area asking average of $1,037/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In Rural King basements rarely rent out (2 of 35 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of King.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.71M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($993/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Rural King, so I widened the search to the surrounding area.
Based on 13 comparable homes that sold in Rural King over the past two years, from 110 closings there.
For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.60M, which is where my estimate comes from.
Per square foot, these ask about $1,001/sqft; this home lists at $993/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in King: $1.81M in September 2026, down 10% from a year ago, on 183 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. King as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $2.20M | 17 |
| November 2025 | $2.25M | 22 |
| December 2025 | $1.90M | 12 |
| January 2026 | $1.82M | 9 |
| February 2026 | $2.26M | 8 |
| March 2026 | $1.91M | 16 |
| April 2026 | $1.60M | 14 |
| May 2026 | $1.80M | 21 |
| June 2026 | $2.57M | 15 |
| July 2026 | $2.00M | 15 |
| August 2026 | $1.83M | 17 |
| September 2026 | $1.81M | 17 |
Neighbourhood & location
Rural King, King, ON
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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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,390,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,688
- Property tax
- $564
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,252
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,235
- Estimated closing costs
- $31,235
Plus your down payment of $347,600. 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
- $461,266
- Principal paid down
- $169,881
- Interest paid
- $291,384
- Balance remaining
- $1,220,519
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
About the suite: in Rural King basements rarely rent out (2 of 35 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 11 whole-home leases in Rural King signed at a median of $3,513 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,860. 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 ROYAL TEAM REALTY INC.. MLS®/PropTx.