50 Collard Drive, King, ON
King City, King · MLS® N13499666
About this home
Rare offering in the heart of King City, this exceptional 3.917-acre parcel presents a truly unique opportunity to create a custom estate or secure a versatile investment in one of the area's most prestigious enclaves. Surrounded by rolling landscapes, open fields, and distinguished multi-million dollar residences, the setting provides the perfect backdrop for a private compound or architectural statement. Tucked away on a quiet street, the property currently features three self-contained residences, offering immediate income potential, multi-generational living, or interim use while planning a future build. Existing accommodations include a 4-bedroom, 3-bathroom unit, a 4-bedroom, 2-bathroom unit, and a 3-bedroom, 2-bathroom unit, each with functional layouts and independent living spaces. Ideally located just minutes from Highway 400 and under 5 minutes to King City's charming village core, residents enjoy convenient access to boutique shops, restaurants, grocery stores, banks, the King City Public Library, and the GO Station-blending small-town character with everyday convenience. Whether you envision a landmark estate, family compound, or long-term investment, this property offers scale, flexibility, and an unrivalled setting in a highly sought-after location.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13499666
- Bedrooms
- 11 (7 + 4)
- Bathrooms
- 7 (1 half)
- Size
- 5,000 sq ft
- Cross streets
- Jane/King Vaughan
- Parking
- 3 garage · 23 parking (attached)
- Driveway
- Private
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Finished
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding, Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Septic
- Property tax
- $13,477 / 2025
- Days on market
- 18
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
Listed at $2,999,000, this home is tracking about 29% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 66 similar homes nearby, adjusted for size, beds, and baths.Median of 66 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.99M, lower than the comparables and worth a second look.
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 $4.35M
- Bedrooms +$120K
- Bathrooms −$45K
- Adjusts to $4.42M
That comparable adjusts to $4.42M; the $4.20M estimate above is the median of all 66 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.
Its public catchment (King City PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. King City is about a 26-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $4.20M, median of 66 comparables.
This home lists 40% below the area average of $1,002/sqft.
3 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 2.1 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 $2,399,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,803
- Property tax
- $1,123
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,926
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $61,450
- Estimated closing costs
- $61,450
Plus your down payment of $599,800. 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
- $768,181
- Principal paid down
- $305,539
- Interest paid
- $462,643
- Balance remaining
- $2,093,661
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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.