97 Chuck Ormsby Crescent, King, ON
King City, King · MLS® N13494284
About this home
In short
- Welcome To This Extraordinary Bungaloft In The Prestigious King Oaks Luxury Estate Community.
- Just Steps To King City GO And Featuring Innovative Interiors By Award-Winning Designer Brian Gluckstein.
- Soaring 10 Ft Ceilings On The Main Floor Rise To Dramatic 21 Ft Cathedral Ceilings In The Family Room, Creating A Grand Yet Warmly Inviting Atmosphere Throughout.
- The Custom Chef's Kitchen Features Sub-Zero, Wolf, And Asko Appliances, Quartz Countertops, Centre Island, And Opens To A Breakfast Area With Walkout To 30 Ft X 15 Ft...
- The Professionally Finished Walkout Basement Offers 2,845 Sq Ft Of Premium Living Space Including A Second Kitchen With Quartz Island, An Expansive Rec Room With...
Welcome To This Extraordinary Bungaloft In The Prestigious King Oaks Luxury Estate Community. The Perfect Blend Of Luxury, Prime Location, And Flexible Multi-Generational Living. Just Steps To King City GO And Featuring Innovative Interiors By Award-Winning Designer Brian Gluckstein. Offering Over 7,000 Sq Ft Of Beautifully Finished Living Space, This Rare And Meticulously Maintained Residence Is A True Forever Home. Soaring 10 Ft Ceilings On The Main Floor Rise To Dramatic 21 Ft Cathedral Ceilings In The Family Room, Creating A Grand Yet Warmly Inviting Atmosphere Throughout. Five Spacious Bedrooms Each Feature Their Own Private Ensuite - The Primary A Luxurious 5-Piece With Neptune Freestanding Soaker Tub, Hansgrohe Fixtures, Frameless Glass Shower, And Marble Tile. The Custom Chef's Kitchen Features Sub-Zero, Wolf, And Asko Appliances, Quartz Countertops, Centre Island, And Opens To A Breakfast Area With Walkout To 30 Ft X 15 Ft Upper Floor Deck Overlooking The Backyard. Step Into The Finnish-Manufactured Enclosed Glass Sunroom Opening To A Composite Deck With Glass Railing. The Professionally Finished Walkout Basement Offers 2,845 Sq Ft Of Premium Living Space Including A Second Kitchen With Quartz Island, An Expansive Rec Room With Fireplace And Walkout To Yard, Media Room With Custom Wet Bar, Full Washroom, And Professional Interlocking Stonework Throughout - Ideal For Multi-Generational Living Or Rental Income. Attached Triple Car Garage, Nine-Car Driveway, No Sidewalk, Top-Ranked Schools, Transit, And Hwy 400.
Key facts
- Property type
- Detached, Bungaloft
- MLS®
- N13494284
- Bedrooms
- 5
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 66.67 × 164.18 ft
- Cross streets
- Keele & King Rd
- Parking
- 3 garage · 12 parking (attached)
- Driveway
- Private Triple
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Front
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $15,523 / 2025
- Days on market
- 115
- Listing brokerage
- T-ONE GROUP REALTY INC.,
Rooms
hardwood floor · cathedral ceiling(s) · open concept
centre island · quartz counter · pot lights
5 pc ensuite · his and hers closets · walk-in closet(s)
4 pc ensuite · large window · hardwood floor
hardwood floor · wainscoting · coffered ceiling(s)
w/o to deck · overlooks backyard · combined w/kitchen
large window · overlooks backyard · tile floor
hardwood floor · 4 pc ensuite · walk-in closet(s)
hardwood floor · 4 pc ensuite · large window
centre island · open concept · quartz counter
hardwood floor · wainscoting · pot lights
hardwood floor · 4 pc ensuite · his and hers closets
Listed at $2,977,000. Going by how homes in King City and the wider GTA have actually closed against their asking prices (about 97%, 17 local closings in 90 days), the likely sale price is near $2.87M, if it sells. A realistic range is $2.69M to $3.24M.
Independent value check: $2.75M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $2.58M and $2.88M).
Why $2.75M. The typical detached home sold in King City over the past year went for about $2.28M (67 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $15,523 a year; the typical home sold here pays about $12,600.
- ▲ Raises it5 bedrooms and 7 baths, against 4+1 and 4 typically.
- ▲ Raises it3 garage and 12 total parking spaces, against 2 and 6 typically.
Longer on the market than typical. 115 days on the market against about 43 for homes like it here, and asking 8% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.87M, from 17 recent closings in this pocket.
The market behind the math:
About 8.8 months of inventory: 50 detached homes for sale in the area against 17 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $700/sqft against an area asking average of $839/sqft.
- Walk-out basement apartment features. A finished walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In King City basements rarely rent out (4 of 61 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.
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 17 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.94M. 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($700/sqft) is below the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in King City, so I widened the search to the surrounding area.
Based on 17 comparable homes that sold in King City over the past two years, from 117 closings there.
For sale
For sale
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For sale
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 $2.75M, which is where my estimate comes from.
Per square foot, these ask about $801/sqft; this home lists at $700/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
King City, King, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 20, 2026); conventional rates run a little higher.
Mortgage amount $2,381,600 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,168
- Property tax
- $1,294
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $14,462
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $60,900
- Estimated closing costs
- $60,900
Plus your down payment of $595,400. 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
- $790,097
- Principal paid down
- $290,988
- Interest paid
- $499,109
- Balance remaining
- $2,090,612
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 King City basements rarely rent out (4 of 61 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 23 whole-home leases in King City signed at a median of $6,655 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,764. 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 T-ONE GROUP REALTY INC.,. MLS®/PropTx.