425-80 Burns Boulevard, King, ON
King City, King · MLS® N13790014
About this home
In short
- PRESTIGIOUS RESIDENCES OF SPRING HILL IN KING CITY.
- BEAUTIFUL PENTHOUSE SUITE WITH SOARING 10-FOOT CEILINGS.
- Discover this bright and spacious 675 SQ.
- Residents enjoy an impressive collection of amenities, including an indoor swimming pool, fitness centre, games room, guest suites, car wash facilities and inviting...
- Ideally situated near King City's charming shops, restaurants, parks and green spaces, with convenient access to KING CITY GO STATION AND HIGHWAY 400.
PRESTIGIOUS RESIDENCES OF SPRING HILL IN KING CITY! BEAUTIFUL PENTHOUSE SUITE WITH SOARING 10-FOOT CEILINGS! Discover this bright and spacious 675 SQ. FT. ONE-BEDROOM PLUS DEN PENTHOUSE, featuring expansive windows, abundant natural light and a thoughtfully designed layout. The upgraded kitchen offers stainless steel appliances, granite countertops and a convenient pantry, while custom closet organizers provide excellent storage. The versatile den is ideal for a home office, study or additional living space. Enjoy the convenience of ensuite laundry, an enclosed balcony, ONE OWNED UNDERGROUND PARKING SPACE AND AN OWNED LOCKER. MAINTENANCE FEES INCLUDE HEAT, WATER AND PARKING, along with common elements and building insurance. Residents enjoy an impressive collection of amenities, including an indoor swimming pool, fitness centre, games room, guest suites, car wash facilities and inviting residents' lounges. Ideally situated near King City's charming shops, restaurants, parks and green spaces, with convenient access to KING CITY GO STATION AND HIGHWAY 400. AN EXCEPTIONAL OPPORTUNITY TO ENJOY PENTHOUSE LIVING, RESORT-STYLE AMENITIES AND THE RELAXED CHARM OF KING CITY WHILE STAYING CONNECTED TO THE GTA!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13790014
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- King Rd/Keele St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $673/mo
- Exposure
- North
- Property tax
- $1,682 / 2026
- Days on market
- 29
- Listing brokerage
- HOMELIFE/MIRACLE REALTY LTD
Listed at $524,998. Going by how homes in King City and the wider GTA have actually closed against their asking prices (about 98%, 6 local closings in 90 days), the likely sale price is near $515K, if it sells. A realistic range is $485K to $558K.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Total price vs nearby homes. Likely closing about $515K, from 6 recent closings in this pocket.
The market behind the math:
About 4 months of inventory: 8 condo apartment homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $808/sqft against an area asking average of $897/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $695K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($808/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 7 homes sold in this building over the past two years, from 20 closings in King City.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $877/sqft; this home lists at $808/sqft. Size is part of the price story, not just the sticker.
The 4 closest 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) →
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
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 $419,998 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,322
- Property tax
- $140
- Condo / maintenance fees
- $673
- Heating
- $0
- Estimated monthly cost
- $3,135
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,975
- Estimated closing costs
- $6,975
Plus your down payment of $105,000. 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
- $139,335
- Principal paid down
- $51,316
- Interest paid
- $88,019
- Balance remaining
- $368,682
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 77 whole-home leases in King City signed at a median of $2,432 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,417. 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 HOMELIFE/MIRACLE REALTY LTD. MLS®/PropTx.