16 Gianvito Crescent, King, ON
King City, King · MLS® N13753524
About this home
In short
- Imagine beginning every day with breathtaking, uninterrupted ravine sunrises right from your private balcony.
- Step inside to discover an impressive main floor with soaring 11- to 12-foot ceilings, a stunning9-box waffle ceiling in the family and living room, and an inviting...
- White Maple Hardwood floors span the main and second floors, while the kitchen and breakfast area shine with upgraded porcelain tile.
- The gourmet kitchen delights with an extra-large island, high-end Wolf appliances, a pot filler, and inspiring views of the lush ravine, keeping your spaces filled...
- The spacious primary bedroom features two walk-in closets, a balcony overlooking the ravine, and a spectacular ensuite bathroom.
Imagine beginning every day with breathtaking, uninterrupted ravine sunrises right from your private balcony. At 16 Gianvito Cres, your dream lifestyle merges with luxurious comfort in this magnificent brand-new estate, built by Fernbrook with$300,000 in builder upgrades. Step inside to discover an impressive main floor with soaring 11- to 12-foot ceilings, a stunning9-box waffle ceiling in the family and living room, and an inviting fireplace. White Maple Hardwood floors span the main and second floors, while the kitchen and breakfast area shine with upgraded porcelain tile. The gourmet kitchen delights with an extra-large island, high-end Wolf appliances, a pot filler, and inspiring views of the lush ravine, keeping your spaces filled with sunlight from morning till evening. Entertain with ease thanks to the formal dining room with direct kitchen access. The spacious primary bedroom features two walk-in closets, a balcony overlooking the ravine, and a spectacular ensuite bathroom. Additional highlights include a separate side entrance with potential for a basement suite and a 60-amp rough-in for a car charging station. Please see the attached file for a complete list of upgrades.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13753524
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 50.26 × 107.91 ft
- Cross streets
- Dufferin and 15th Side Road
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Partial Basement, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Days on market
- 14
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · w/o to balcony · 5 pc ensuite
hardwood floor · overlooks ravine · fireplace
hardwood floor · separate room · large window
hardwood floor · overlooks ravine · fireplace
hardwood floor · 5 pc ensuite · overlooks frontyard
hardwood floor · overlooks frontyard
porcelain floor · combined w/kitchen · large window
hardwood floor · 3 pc bath · overlooks frontyard
porcelain floor · overlooks ravine · stainless steel appl
porcelain floor · laundry sink
hardwood floor · walk-in closet(s) · saloon doors
Listed at $2,499,000 with no offer date. Going by how homes here have actually closed against their asks, the likely sale price is $2.41M, typically $2.25M to $2.71M. Comparable closings on their own put this home around $2.82M, about 13% above the ask.
Total price vs nearby homes. Likely closing about $2.41M, from 13 recent closings in this pocket.
The market behind the math:
About 4.8 months of inventory: 21 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 $588/sqft against an area asking average of $653/sqft.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
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
For sale
For sale
For sale
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For sale
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 $575/sqft; this home lists at $588/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 $1,999,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,943
- Property tax
- $1,562
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,505
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,950
- Estimated closing costs
- $48,950
Plus your down payment of $499,800. 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
- $656,586
- Principal paid down
- $247,186
- Interest paid
- $409,400
- Balance remaining
- $1,752,014
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
About the suite: in King City basements rarely rent out (4 of 60 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 $6,398. 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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.