256 Banner Lane, King, ON
King City, King · MLS® N13751358
About this home
In short
- Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a...
- Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in...
- Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways.
Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a transitioning estate neighbourhood and surrounded by multi-million dollar homes. Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in appliances, a grand island with Calcutta marble counters, crown mouldings, 5" engineered hardwood, 8" trim, frameless glass shower with double vanity & quartz countertop and a finished basement with expansive recreation space, laundry & two dressing rooms. Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways. Walk to Restaurants and amenities. Move in, renovate, or build your dream estate. This is a rare offering with exceptional future potential.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13751358
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 123.58 × 253.77 ft
- Cross streets
- Keele St./King Rd.
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Private
- Basement
- Finished, Walk-Up
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,193 / 2026
- Days on market
- 38
- Listing brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Rooms
W/O To Yard
moulded ceiling · picture window
5 Pc Ensuite
marble counter · stainless steel appl · centre island
This is a rare parcel: about 0.72 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown. Homes on lots this size in King City have sold between $1.45M and $5.32M over the last two years (21 sales).
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.72M, which is where my estimate comes from.
Per square foot, these ask about $1,230/sqft; this home lists at $1,875/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in King: $1.81M in September 2026, down 10% from a year ago, on 183 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. King as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $2.20M | 17 |
| November 2025 | $2.25M | 22 |
| December 2025 | $1.90M | 12 |
| January 2026 | $1.82M | 9 |
| February 2026 | $2.26M | 8 |
| March 2026 | $1.91M | 16 |
| April 2026 | $1.60M | 14 |
| May 2026 | $1.80M | 21 |
| June 2026 | $2.57M | 15 |
| July 2026 | $2.00M | 15 |
| August 2026 | $1.83M | 17 |
| September 2026 | $1.81M | 17 |
Neighbourhood & location
King City, King, ON
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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) →
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 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,950,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,784
- Property tax
- $683
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,467
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $47,425
- Estimated closing costs
- $47,425
Plus your down payment of $487,600. 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
- $647,046
- Principal paid down
- $238,303
- Interest paid
- $408,743
- Balance remaining
- $1,712,097
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 6 whole-home leases in King City signed at a median of $2,806 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,481. 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 RE/MAX HALLMARK YORK GROUP REALTY LTD.. MLS®/PropTx.