122 Burns Boulevard, King, ON
King City, King · MLS® N13524276
About this home
Nestled on a premium 88' wide ravine lot, this spectacular 3-car garage custom executive home offers over 4000 sqft of luxurious living with a professionally finished walkout basement overlooking a serene ravine. This beautifully crafted two-storey detached home delivers elegance and functionality in one of King City's most desirable communities. Step inside to a grand foyer with large porcelain tile flooring, soaring 10-foot ceilings on the main level, creating a bright and airy setting. Rich handscraped hardwood floors run throughout all principal living areas, hallways, and bedrooms, complemented by extensive molding, wainscoting, and refined millwork throughout the home. Designed for both entertaining and everyday living.The home features elegant formal living and dining areas along with a dramatic family room with waffle ceiling, double-sided fireplaces. The chef's kitchen showcases a large centre island, premium cabinetry, and panoramic ravine views, complete with Sub-Zero Wolf appliances, the spacious breakfast area overlooks the lush natural setting. Upstairs, enjoy 9 foot ceilings andfour spacious bedrooms, each with their own private ensuite bathroom wit heated floors and walkin closet. The luxurious primary retreat features a double-sided gas fireplace shared with thespa-like ensuite. A second-floor laundry room adds everyday practicality, with an additional laundry area located in the basement. The finished walkout basement extends the living spacewith large recreation area with a wet bar, multiple rooms and direct access to the gorgeous landscaped backyard oasis featuring a large elevated deck, and a heated swim spa tucked beneath the deck for year round relaxation. The large driveway with no sidewalk allows parking for upto six vehicles in addition to the 3-car garage. Located minutes from King City GO Station ,Highway 400, boutique shops, fine dining, supermarkets, new Zancor Centre, scenic trails offering a balance of nature and lifestyle.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13524276
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 88.98 × 123 ft
- Cross streets
- King Rd & Keele St
- Parking
- 3 garage · 9 parking (built-in)
- Driveway
- Private Triple
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Other
- Property tax
- $12,621 / 2025
- Days on market
- 12
- Listing brokerage
- CENTRAL HOME REALTY INC.
Rooms
hardwood floor · moulded ceiling · overlooks ravine
vaulted ceiling(s) · 5 pc ensuite · his and hers closets
porcelain floor · walk-in closet(s)
porcelain floor · laundry sink · separate room
porcelain floor · w/o to deck · overlooks ravine
porcelain floor · wet bar · walk-out
hardwood floor · crown moulding · wainscoting
porcelain floor · gas fireplace
hardwood floor · 3 pc ensuite · walk-in closet(s)
hardwood floor · 3 pc ensuite · walk-in closet(s)
hardwood floor · french doors · gas fireplace
hardwood floor · 3 pc ensuite · walk-in closet(s)
porcelain floor · closet
centre island · granite counters · stainless steel appl
Listed at $2,880,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.59M, a close match.
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 $3.40M
- Bedrooms +$30K
- Bathrooms −$15K
- Adjusts to $3.41M
That comparable adjusts to $3.41M; the $2.85M estimate above is the median of all 6 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Keele St / Elizabeth GR is about a 10-minute walk away.
Total price vs nearby homes. Fair value about $2.85M, median of 6 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Heated floors: comfort and a premium-finish signal.
- Income potential
- Worth verifying
- Value driver
- Lifestyle
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 homesThis home lists 7% above the area average of $634/sqft.
9 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
Somewhat WalkableA 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Keele St / Elizabeth GR, about 792 m 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 $2,304,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,295
- Property tax
- $1,052
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,347
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $58,475
- Estimated closing costs
- $58,475
Plus your down payment of $576,000. 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
- $737,700
- Principal paid down
- $293,415
- Interest paid
- $444,285
- Balance remaining
- $2,010,585
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 CENTRAL HOME REALTY INC.. MLS®/PropTx.