8 Heart Lake Circle, King, ON
King City, King · MLS® N13712208
About this home
In short
- Brand-new "CARDONA" model, approx.
- This stunning two-storey model features a separate living and dining room, an open-concept kitchen with a breakfast area which overlooks the family room.
- Upper has 4 bedrooms with 3.5 baths, walk-in closets and a laundry room.
- Features include: 5" prefinished engineered hardwood flooring; quality 24" x 24" porcelain tile floors; 7-1/4" baseboard; stained Maple kitchen cabinetry with...
- Finished basement with wet bar and a 3-piece bathroom.
Brand-new "CARDONA" model, approx. 3824 Sq. Ft. by Fernbrook Homes, nestled in the prestigious Kings Calling neighbourhood in King City. This stunning two-storey model features a separate living and dining room, an open-concept kitchen with a breakfast area which overlooks the family room. Servery and large mudroom. Upper has 4 bedrooms with 3.5 baths, walk-in closets and a laundry room. Features include: 5" prefinished engineered hardwood flooring; quality 24" x 24" porcelain tile floors; 7-1/4" baseboard; stained Maple kitchen cabinetry with extended uppers and crown moulding; stone countertops in kitchen and baths; upgraded Moen faucets; 44 interior pot lights; and heated floors included for the primary en suite. Main floor ceilings area 10ft, 9ft on the 2nd floor + basement. Finished basement with wet bar and a 3-piece bathroom. Close to schools. Some photos have been virtually staged for illustration purposes only. **EXTRAS** Sales office open Monday to Thursday from 1:00 pm to 7:00 pm, Saturday to Sunday from 11:00 am to 5:00 pm
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13712208
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50 × 108 ft
- Cross streets
- West of Dufferin St. & South Side of 15th Side Road
- Parking
- 2 garage · 4 parking (built-in)
- Driveway
- Private Double
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Days on market
- 27
- Listing brokerage
- INTERCITY REALTY INC.
Rooms
hardwood floor · 3 pc ensuite · closet
hardwood floor · large window
window · 3 pc bath · broadloom
porcelain floor · sliding doors · open concept
porcelain floor · centre island · stone counters
his and hers closets · 5 pc ensuite · hardwood floor
walk-in closet(s) · hardwood floor
hardwood floor · 5 pc ensuite · double closet
hardwood floor · coffered ceiling(s) · large window
window · broadloom · wet bar
fireplace · w/o to yard · open concept
Listed at $2,299,990 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $2.21M, typically $2.07M to $2.50M. Comparable closings on their own put this home around $2.75M, about 19% above the ask.
Total price vs nearby homes. Likely closing about $2.21M, 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 $541/sqft against an area asking average of $666/sqft.
How this estimate is builtthe short version
I take the 13 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
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.
For sale
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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 $531/sqft; this home lists at $541/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 $1,839,992 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,072
- Property tax
- $1,438
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,509
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,975
- Estimated closing costs
- $43,975
Plus your down payment of $459,998. 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
- $604,299
- Principal paid down
- $227,501
- Interest paid
- $376,797
- Balance remaining
- $1,612,491
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
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 INTERCITY REALTY INC.. MLS®/PropTx.