390 Main Street, King, ON
Schomberg, King · MLS® N13777242
About this home
In short
- Wonderfully decorated and updated throughout, just the right touch of modern and charming.
- TWO...main floor Kitchens, living rooms, dining rooms, 2 Main floor laundry rooms, and seven bedrooms upstairs.
MUST BE SEEN! Wonderfully decorated and updated throughout, just the right touch of modern and charming. Great opportunity for extended family or investment, live in one half and rent the other half. TWO...main floor Kitchens, living rooms, dining rooms, 2 Main floor laundry rooms, and seven bedrooms upstairs! Majestic over one-acre manicured lot with large Eating and Entertaining area/Patio and gardens, lot backs onto protected land No homes behind! Walk to quaint shops, restaurants/patios on Historic Main Street. The home is currently being used as a single-family dwelling; however, it can easily be used as two separate homes with two front and back entrances. Many Possibilities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13777242
- Bedrooms
- 7
- Bathrooms
- 5 (2 half)
- Size
- 3500-5000 sq ft
- Lot
- 93.73 × 538 ft
- Cross streets
- Hwy 27/Hwy 9
- Parking
- 4 garage (detached)
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Radiant
- A/C
- Window Unit(s)
- Exterior
- Brick, Stone
- Foundation
- Stone, Concrete
- Roof
- Asphalt Shingle, Asphalt Rolled
- Sewer
- Sewer
- Property tax
- $7,454 / 2025
- Days on market
- 9
- Listing brokerage
- RE/MAX HALLMARK YORK GROUP REALTY LTD.
Rooms
closet · window · hardwood floor
b/i bookcase · closet · window
cathedral ceiling(s) · bow window · hardwood floor
3 pc bath · walk-in closet(s) · window
cathedral ceiling(s) · breakfast area · b/i desk
large window · his and hers closets · hardwood floor
combined w/dining · large window · cathedral ceiling(s)
closet · window · hardwood floor
closet · hardwood floor · window
combined w/kitchen · large window · cathedral ceiling(s)
cathedral ceiling(s) · window · hardwood floor
closet · window · hardwood floor
2 pc bath · window · slate flooring
This is a rare parcel: about 1.16 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.
Considering this property? Request a written price readThe assigned public school is Schomberg PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
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 $1.49M, which is where my estimate comes from.
Per square foot, these ask about $827/sqft; this home lists at $442/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Schomberg, 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) →
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 $1,504,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,233
- Property tax
- $621
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,854
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $34,075
- Estimated closing costs
- $34,075
Plus your down payment of $376,000. 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
- $493,950
- Principal paid down
- $185,958
- Interest paid
- $307,992
- Balance remaining
- $1,318,042
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 Schomberg signed at a median of $2,600 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,943. 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.