1138 15th Sideroad, King, ON

Rural King, King · MLS® N13454510

$3,250,000
For Sale
Listed 124 days agoNo offer date statedSitting longer than typical
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About this home

In short

  • Build your dream estate in one of King City's most prestigious locations.
  • Nestled on approximately 2 acres of flat, usable land, this exceptional property offers breathtaking views, mature trees, and a picturesque setting overlooking...
  • Founded in 1987, her firm specializes in lavish, award-winning architectural and interior designs for luxury residences.

Build your dream estate in one of King City's most prestigious locations. Nestled on approximately 2 acres of flat, usable land, this exceptional property offers breathtaking views, mature trees, and a picturesque setting overlooking Eversley Lake. Surrounded by distinguished estate homes, this is the perfect canvas to create a luxury residence in a highly sought-after neighbourhood. Adding to the property's unique appeal, architectural drawings for a stunning custom residence have been thoughtfully designed by designer, Flora Di Menna and will be made available upon acceptance of a conditional offer. Flora Di Menna is a world-renowned, Toronto-based interior designer and the president and principal designer of FDM Designs Inc. (Flora Di Menna Designs). Founded in 1987, her firm specializes in lavish, award-winning architectural and interior designs for luxury residences. Save valuable time and begin planning your future dream home with professionally prepared designs tailored to this spectacular setting. Whether you're a builder, investor, or end user looking to create a one-of-a-kind estate, this is an opportunity not to be missed. Enjoy the tranquility and the convenience of nearby amenities, top-rated schools, golf courses, and easy access to major highways. Build your vision in one of King City's most desirable locations.

Key facts

Property type
Other, Other
MLS®
N13454510
Lot
175 × 510 ft
Cross streets
Bathurst and Bloomington
Property tax
$3,939 / 2025
Days on market
124
Listing brokerage
LACEBY REAL ESTATE LIMITED
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Rural King, King, ON

CommuteTime from this home to where you spend your day

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Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

King City
$2.52M
Pottageville
$1.30M
Nobleton
$2.24M
Schomberg
$836K

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

Affordability
$14,812/mo
$572KIncome needed
5.7×Price ÷ income
$3,418Weekly cost
$67,725Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

98%mortgage
Mortgage $14,812Property tax $328Total carry $15,141

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$14,376per month

Mortgage amount $2,600,000 · 4.49% over 25 years

$650,000Down payment (20.0%)
$2,600,000Loan before insurance
$0CMHC premium
$14,704Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$14,376
Property tax
$328
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$14,704

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$67,725
Estimated closing costs
$67,725

Plus your down payment of $650,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$17,400/monthPayment at the qualifying rate

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

$1,712,754Total interest paid
$4,312,754Total of all payments
Principal $2,600,000 Interest $1,712,754
YearPrincipalInterestBalance
1$58,021$114,489$2,541,979
2$60,655$111,855$2,481,324
3$63,409$109,101$2,417,914
4$66,288$106,222$2,351,626
5$69,298$103,212$2,282,328
6$72,445$100,066$2,209,883
7$75,734$96,776$2,134,150
8$79,172$93,338$2,054,977
9$82,767$89,743$1,972,210
10$86,525$85,985$1,885,685
11$90,454$82,056$1,795,231
12$94,561$77,950$1,700,671
13$98,854$73,656$1,601,817
14$103,342$69,168$1,498,474
15$108,035$64,476$1,390,440
16$112,940$59,570$1,277,500
17$118,068$54,442$1,159,432
18$123,428$49,082$1,036,004
19$129,033$43,478$906,971
20$134,891$37,619$772,080
21$141,016$31,494$631,064
22$147,419$25,092$483,645
23$154,112$18,398$329,533
24$161,109$11,401$168,424
25$168,424$4,086$0

At the end of your 5-year term

Total paid over the term
$862,551
Principal paid down
$317,672
Interest paid
$544,879
Balance remaining
$2,282,328

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.

Let's connect

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

Rental yield
Estimate$2,650/mo
$31,800Gross annual rent
0.7%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

1.0%
Gross yield
− Property tax $3,939− Insurance $1,400− Vacancy & upkeep $3,498Net operating income $22,963

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of LACEBY REAL ESTATE LIMITED. MLS®/PropTx.

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