150 ELMERS Lane, King, ON
King City, King · MLS® N13516780
About this home
In short
- Luxury Estate Living in Prestigious King City.
- Set on an impresive premium corner lot, this extrardnry custom residence offers over 4,100 sq. ft. of exquisitely living space, plus apprxmtly 1,800 sq. ft. of...
- Inside, soaring 11-foot main-floor ceilings, 10-foot second-floor ceilings, dramatic waffle ceilings, rich hardwood flooring, and multiple fireplaces establish an...
- The heart of the home is a spectacular chef's kitchen featuring premium Wolf and Sub-Zero appliances, custom cabinetry, quartz waterfall countertops, an oversized...
- Professionally landscaped and fully fenced for complete privacy, this spectacular outdoor oasis features a fully automated lawn sprinkler system-creating the perfect...
Luxury Estate Living in Prestigious King City!! Experience luxury in one of King City's most coveted estate communities. Set on an impresive premium corner lot, this extrardnry custom residence offers over 4,100 sq. ft. of exquisitely living space, plus apprxmtly 1,800 sq. ft. of spacious W/O basement, blending timeless elegance with exceptional craftsmanship and modern sophistication.A striking stone and stucco façade, expansive driveway, and rare 4-car garage create a commanding first impression. Inside, soaring 11-foot main-floor ceilings, 10-foot second-floor ceilings, dramatic waffle ceilings, rich hardwood flooring, and multiple fireplaces establish an atmosphere of warmth and refined luxury throughout.The heart of the home is a spectacular chef's kitchen featuring premium Wolf and Sub-Zero appliances, custom cabinetry, quartz waterfall countertops, an oversized island, and seamless access to a covered loggia with an outdoor kitchen/BBQ area-perfect for effortless indoor-outdoor entertaining.The luxurious primary suite is a private retreat, featuring a spa-inspired 6-piece ensuite with an oversized glass shower, makeup vanity, and custom his-and-her walk-in closets. Every additional bedroom offers its own private ensuite and walk-in closet, ensuring exceptional comfort and privacy for family and guests.Step outside into your own resort-inspired backyard sanctuary. Professionally landscaped and fully fenced for complete privacy, this spectacular outdoor oasis features a fully automated lawn sprinkler system-creating the perfect setting for entertaining guests or enjoying peaceful moments of relaxation.Ideally located in the heart of prestigious King City, this exceptional residence is just minutes from top-ranked private and public schools including Villanova College, CDS, SAC and top public schools.This is more than a home-it's an extraordinary lifestyle opportunity in one of the GTA's most exclusive communities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13516780
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 96.18 × 114.92 ft
- Cross streets
- 15th Sideroad & Keele St
- Parking
- 4 garage · 9 parking (attached)
- Basement
- Unfinished, Walk-Out, Separate Entrance, Full, Development Potential
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete, Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $18,994 / 2025
- Days on market
- 81
- Listing brokerage
- GOLDEN HOUSE REALTY INC.
Rooms
walk-out · bay window · overlooks backyard
fireplace · hardwood floor · south view
hardwood floor · fireplace · large window
access to garage · b/i closet · ceramic floor
4 pc ensuite · hardwood floor · walk-in closet(s)
4 pc ensuite · hardwood floor · walk-in closet(s)
4 pc ensuite · hardwood floor · walk-in closet(s)
5 pc ensuite · hardwood floor · walk-in closet(s)
coffered ceiling(s) · hardwood floor · south view
centre island · b/i appliances · quartz counter
stainless steel appl · stainless steel sink · ceramic floor
hardwood floor · w/o to deck · french doors
Listed at $3,280,000. Going by how homes in King City and the wider GTA have actually closed against their asking prices (about 96%, 13 local closings in 90 days), the likely sale price is near $3.16M, if it sells. A realistic range is $2.96M to $3.56M.
Independent value check: $2.79M. Without looking at the asking price, our model values the home itself about 15% below the ask (homes like it typically land between $2.62M and $2.93M).
Why $2.79M. 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 $18,994 a year; the typical home sold here pays about $12,600.
- ▲ Raises it4 garage and 9 total parking spaces, against 2 and 6 typically.
Total price vs nearby homes. Likely closing about $3.16M, from 13 recent closings in this pocket.
The market behind the math:
About 6.7 months of inventory: 29 detached homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $772/sqft against an area asking average of $658/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $3.18M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- 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
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
Its public catchment (King City PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
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.
Based on 13 comparable homes that sold in King City over the past two years, from 119 closings there.
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $661/sqft; this home lists at $772/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & 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) →
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 4.24% via Ratehub.ca (as of September 22, 2026); conventional rates run a little higher.
Mortgage amount $2,624,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,363
- Property tax
- $1,583
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,946
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $68,475
- Estimated closing costs
- $68,475
Plus your down payment of $656,000. 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
- $861,786
- Principal paid down
- $324,438
- Interest paid
- $537,348
- Balance remaining
- $2,299,562
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 60 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 20 whole-home leases in King City signed at a median of $6,739 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,498. 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 GOLDEN HOUSE REALTY INC.. MLS®/PropTx.