5 Old Forge Road, King, ON
Rural King, King · MLS® N13492882
About this home
Set on a premium Half Acre lot in prestigious King City. This expansive ranch-style bungalow offers refined main-floor living with a bright, open-concept design and a sun-drenched south-facing yard. Hardwood flooring and an inviting eat-in kitchen anchor the main level with warmth & functionality. The impressive walkout lower level is designed for both relaxation and entertainment, featuring a generous recreation area, wet bar, games room, and private sauna. For those seeking long-term vision, the property also presents a rare opportunity: a premium lot ideal for building a custom luxury residence in one of King's most coveted neighbourhoods. Close to Hwy 400, GO Transit, top-tier amenities, and everything King City has to offer. A standout offering with both immediate comfort and exceptional future potential!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13492882
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 138 × 175 ft
- Cross streets
- Weston Rd and King Rd
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Available
- Basement
- Apartment, Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $6,861 / 2026
- Days on market
- 21
- Listing brokerage
- CITIBLOC REALTY
Rooms
fireplace · parquet · w/o to yard
vinyl floor · backsplash
hardwood floor · double closet
hardwood floor · double closet
hardwood floor · w/o to balcony
hardwood floor · double closet
Unfinished
Unfinished
vinyl floor · window
Broadloom
hardwood floor · open concept
wet bar · parquet
Listed at $1,345,000, this home is about 9% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.68M, a bit higher.
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 $1.50M
- Bedrooms −$30K
- Adjusts to $1.47M
That comparable adjusts to $1.47M; the $1.48M estimate above is the median of all 6 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.
The assigned public school is King City SS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. King City is about a 52-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.48M, median of 6 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.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 31% below the area average of $1,121/sqft.
0 days faster than the King average (21 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rural King, 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: King City, about 4.1 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 $1,076,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,742
- Property tax
- $572
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,314
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,375
- Estimated closing costs
- $23,375
Plus your down payment of $269,000. 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
- $344,516
- Principal paid down
- $137,029
- Interest paid
- $207,487
- Balance remaining
- $938,971
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 CITIBLOC REALTY. MLS®/PropTx.