236 Banner Lane, King, ON

King City, King · MLS® N13636888

$7,688,000
For Sale
Listed 76 days agoNo offer date statedSitting longer than typical
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4+1Bedrooms
9Bathrooms
3Garage · 13 parking
5,000Sq ft

About this home

In short

  • 236 Banner Lane Is The Epitome Of Luxury Living In Prestigious King City.
  • This Exceptional 4+1 Bedroom, 9 Bathroom Home Features A Stunning Stone Exterior, Fully Landscaped Gated Heated Driveway, Heated Garage, Smart Home Technology...
  • The Main Floor Features Hardwood Flooring, Porcelain Tiles, Wainscotting, Pot Lights, Built In Speakers, Oversized Windows Offering Incredible Natural Light, Formal...
  • The Finished Basement Offers An Expansive Open Concept Recreation Area With Wet Bar & Centre Island, Theatre Room, Gym Complete With Full Bath And Sauna, Plus An...
  • The Backyard Is Truly The Showstopper Featuring An Oversized Deck With Built In BBQ And Pizza Oven, Oversized Pool, Mature Trees Lining The Rear Of The Property...

236 Banner Lane Is The Epitome Of Luxury Living In Prestigious King City. Situated On An Oversized 100 X 220 Ft Lot Offering Just Over Half An Acre, This Custom Built And Professionally Designed By U31 Estate Offers 6,900 Sq.Ft Above Grade And Showcases Unmatched Craftsmanship, Luxury Finishes, And Meticulous Attention To Detail Throughout. This Exceptional 4+1 Bedroom, 9 Bathroom Home Features A Stunning Stone Exterior, Fully Landscaped Gated Heated Driveway, Heated Garage, Smart Home Technology, Automatic Blinds, And Resort Style Backyard Complete With Extensive Hard & Softscaping And An Oversized Built In Pool. The Main Floor Features Hardwood Flooring, Porcelain Tiles, Wainscotting, Pot Lights, Built In Speakers, Oversized Windows Offering Incredible Natural Light, Formal Living And Dining Rooms, Sitting Room, Billiards Room, And A Spacious Family Room Combined With The Breakfast Area, Both With Walkouts To The Expansive Deck Overlooking The Private Oasis Like Backyard. The Chef's Kitchen Features Top Of The Line Stainless Steel Appliances, Centre Island, Pot Lights, And Not One But Two Large Pantries. All Upper Level Bedrooms Feature Walk In Closets And Their Own Private Ensuites, Along With Hardwood Flooring And Pot Lights Throughout. Convenient Upper Level Laundry With Built In Cabinetry Adds Everyday Functionality. The Finished Basement Offers An Expansive Open Concept Recreation Area With Wet Bar & Centre Island, Theatre Room, Gym Complete With Full Bath And Sauna, Plus An Additional Bedroom With Walk In Closet And 3 Piece Ensuite, Perfect For Nanny Or In Law Quarters. The Backyard Is Truly The Showstopper Featuring An Oversized Deck With Built In BBQ And Pizza Oven, Oversized Pool, Mature Trees Lining The Rear Of The Property Offering Ultimate Privacy, And A Convenient 2 Piece Pool Bath. Luxury Living Meets Resort Style Comfort At This Exceptional King City Estate.

Key facts

Property type
Detached, 2-Storey
MLS®
N13636888
Bedrooms
4+1 (5 total)
Bathrooms
9 (2 half)
Size
5,000 sq ft
Lot
100.12 × 220.19 ft
Cross streets
King Vaughan / Keele St.
Parking
3 garage · 13 parking (attached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Pool
Inground
Property tax
$24,173 / 2025
Days on market
76
Listing brokerage
SALERNO REALTY INC.

Rooms

Bedroom 2Upper3.95 × 4.79 m

3 pc ensuite · walk-in closet(s) · hardwood floor

BreakfastMain6.58 × 5.00 m

coffered ceiling(s) · w/o to deck · 2 way fireplace

RecreationLower11.74 × 11.32 m

wet bar · pot lights · open concept

Dining RoomMain4.51 × 5.55 m

hardwood floor · pot lights · built-in speakers

BedroomLower4.16 × 2.82 m

2 pc bath · walk-in closet(s) · pot lights

KitchenMain6.41 × 7.52 m

centre island · stainless steel appl · built-in speakers

Game RoomMain6.19 × 5.01 m

hardwood floor · pot lights · crown moulding

Exercise RoomLower5.44 × 6.12 m

5 pc ensuite · built-in speakers · pot lights

Media RoomLower6.11 × 5.44 m

broadloom · pot lights · built-in speakers

Primary BedroomUpper5.04 × 4.78 m

5 pc ensuite · walk-in closet(s) · wainscoting

Bedroom 3Upper6.19 × 4.38 m

4 pc ensuite · walk-in closet(s) · hardwood floor

Bedroom 4Upper4.78 × 4.87 m

3 pc ensuite · walk-in closet(s) · hardwood floor

SittingMain6.19 × 5.72 m

hardwood floor · pot lights · built-in speakers

Family RoomMain6.19 × 9.16 m

hardwood floor · fireplace · built-in speakers

LaundryUpper3.60 × 2.71 m

b/i closet · pot lights · laundry sink

Living RoomMain5.15 × 6.28 m

fireplace · w/o to deck · hardwood floor

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

King City, King, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Rural King
$4.30M
Nobleton
$2.28M
Pottageville
$1.69M
Schomberg
$2.30M

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

Affordability
$35,039/mo
$1393KIncome needed
5.5×Price ÷ income
$8,086Weekly cost
$178,675Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

95%mortgage
Mortgage $35,039Property tax $2,014Total carry $37,054

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$34,007per month

Mortgage amount $6,150,400 · 4.49% over 25 years

$1,537,600Down payment (20.0%)
$6,150,400Loan before insurance
$0CMHC premium
$36,021Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$34,007
Property tax
$2,014
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$36,021

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$178,675
Estimated closing costs
$178,675

Plus your down payment of $1,537,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$41,160/monthPayment at the qualifying rate

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

$4,051,585Total interest paid
$10,201,985Total of all payments
Principal $6,150,400 Interest $4,051,585
YearPrincipalInterestBalance
1$137,251$270,829$6,013,149
2$143,482$264,597$5,869,667
3$149,997$258,082$5,719,670
4$156,808$251,272$5,562,862
5$163,927$244,152$5,398,935
6$171,370$236,709$5,227,564
7$179,151$228,928$5,048,413
8$187,285$220,794$4,861,128
9$195,789$212,291$4,665,339
10$204,678$203,401$4,460,661
11$213,972$194,108$4,246,689
12$223,687$184,393$4,023,002
13$233,843$174,236$3,789,159
14$244,461$163,619$3,544,698
15$255,560$152,519$3,289,138
16$267,163$140,916$3,021,975
17$279,294$128,786$2,742,681
18$291,975$116,105$2,450,706
19$305,232$102,848$2,145,475
20$319,090$88,989$1,826,384
21$333,578$74,501$1,492,806
22$348,724$59,355$1,144,082
23$364,558$43,522$779,524
24$381,110$26,969$398,414
25$398,414$9,665$0

At the end of your 5-year term

Total paid over the term
$2,040,397
Principal paid down
$751,465
Interest paid
$1,288,932
Balance remaining
$5,398,935

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.

Let's connect

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

Rental yield
Estimate$10,500/mo
$126,000Gross annual rent
1.1%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

1.6%
Gross yield
− Property tax $24,173− Insurance $1,400− Vacancy & upkeep $13,860Net operating income $86,567

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SALERNO REALTY INC.. MLS®/PropTx.

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