150 ELMERS Lane, King, ON
King City, King · MLS® N13516780
About this home
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
- 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
- 14
- 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, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $4.30M, higher 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 $3.36M
- Bathrooms +$15K
- Adjusts to $3.38M
That comparable adjusts to $3.38M; the $2.85M estimate above is the median of all 11 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 Rd / Doctors Lane is about a 26-minute walk away. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $2.85M, median of 11 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Value driver
- Worth verifying
- Lifestyle
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 9% above the area average of $706/sqft.
7 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 Rd / Doctors Lane, about 2.0 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 $2,624,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,003
- Property tax
- $1,583
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,585
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
- $840,158
- Principal paid down
- $334,167
- Interest paid
- $505,991
- Balance remaining
- $2,289,833
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 GOLDEN HOUSE REALTY INC.. MLS®/PropTx.