40 Old Church Road, King, ON
King City, King · MLS® N13493618
About this home
Top 5 Reasons You Will Love This Home: 1) Rare opportunity to acquire a custom home with substantial progress already completed, with approximately 65 percent finished including HVAC and air conditioning installed, along with permits in place and a full project file available, significantly reducing the time, cost, and uncertainty typically associated with building from the ground up 2) Set within a private wooded setting in an exclusive pocket of King Township, this mature tree-lined lot in the historic village of Laskay offers exceptional privacy on a quiet street surrounded by upscale homes, all while remaining just minutes from everyday amenities 3) Expansive custom residence offering over 4,200 square feet above grade, presenting a unique opportunity to complete the home to your exact vision, allowing you to focus on final finishes, layout refinement, and design details without starting from scratch 4) Strong upside potential for builders, investors, or end users, with significant progress already completed, creating a compelling opportunity to capitalize on the time and capital already invested, whether for personal use or future resale 5) Prime location with excellent accessibility and long-term growth potential, ideally situated just minutes from Highway 400, King Township amenities, hospital access, and transit connections. 4,243 above grade sq.ft. plus an unfinished basement. *Please note some images have been virtually staged to show the potential of the home.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13493618
- Bedrooms
- 6
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 129.26 × 189.53 ft
- Cross streets
- Weston Rd/Old Church Rd
- Parking
- 2 garage · 10 parking (attached)
- Driveway
- Available
- Basement
- Full, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $9,036 / 2025
- Days on market
- 21
- Listing brokerage
- FARIS TEAM REAL ESTATE BROKERAGE
Rooms
walk-in closet(s) · walk-out
Window
sliding doors · walk-out
wood stove · window · walk-out
Window
3 pc ensuite · window · closet
4 pc ensuite · closet · window
Window
double closet · window
Window
window · access to garage
semi ensuite · closet · window
4 pc ensuite · closet · window
Heads up: the asking price here sits well below what comparable listings suggest. In this market that usually means it is priced to draw multiple offers, so plan for competition and a final number above asking. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe 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 51-minute walk away. Worth weighing if transit access matters to you.
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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Worth verifying
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 homes0 days faster 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: 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
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 $1,279,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,826
- Property tax
- $753
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,579
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,455
- Estimated closing costs
- $28,455
Plus your down payment of $319,800. 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
- $409,577
- Principal paid down
- $162,906
- Interest paid
- $246,671
- Balance remaining
- $1,116,294
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 FARIS TEAM REAL ESTATE BROKERAGE. MLS®/PropTx.