78 Main Street, King, ON
Schomberg, King · MLS® N13797014
About this home
In short
- Welcome to this beautifully reimagined bungalow in the heart of Schomberg, offering contemporary style, generous living spaces and an exceptional mature setting.
- Thoughtfully renovated with a clean, modern aesthetic, this inviting residence is filled with natural light and offers a functional layout designed for both everyday...
- Hardwood flooring flows throughout much of the main level, while skylights, expansive windows and multiple walkouts create a bright, airy atmosphere and a seamless...
Welcome to this beautifully reimagined bungalow in the heart of Schomberg, offering contemporary style, generous living spaces and an exceptional mature setting. Thoughtfully renovated with a clean, modern aesthetic, this inviting residence is filled with natural light and offers a functional layout designed for both everyday family living and entertaining. At the heart of the home is a stunning chef-inspired kitchen featuring crisp white cabinetry, warm wood accents, sleek countertops, stainless steel appliances and a large centre island with seating. Hardwood flooring flows throughout much of the main level, while skylights, expansive windows and multiple walkouts create a bright, airy atmosphere and a seamless connection to the outdoors. Generous living and dining areas provide plenty of space for gathering, while the spacious primary suite offers a private retreat with direct outdoor access. Beautifully updated bathrooms feature contemporary finishes and glass-enclosed showers. The finished lower level adds valuable additional living space with excellent flexibility for a recreation room, media area, home office, guest accommodations or growing family needs. Outside, mature trees and established landscaping create a wonderful sense of privacy, complemented by a spacious deck ideal for outdoor dining, entertaining and relaxing. An attached two-car garage and generous driveway complete the property. Ideally situated in the charming community of Schomberg, this turn-key home offers the perfect combination of modern comfort, space, privacy and small-town character in King Township.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13797014
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 90 × 168 ft
- Cross streets
- HWY 27 and HWY 9
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,367 / 2026
- Days on market
- 4
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Rooms
fireplace · vaulted ceiling(s) · w/o to deck
w/o to yard · pot lights · hardwood floor
centre island · quartz counter · b/i appliances
open concept · pot lights · hardwood floor
w/o to yard · wet bar · hardwood floor
access to garage · tile floor
hardwood floor · large closet
skylight · w/o to deck · hardwood floor
5 pc ensuite · walk-in closet(s) · w/o to deck
3 pc ensuite · walk-in closet(s) · overlooks frontyard
Listed at $1,698,000, about 11% above our estimate of $1.54M (homes like it typically land between $1.44M and $1.61M).
Why $1.54M. The typical detached home sold in Schomberg over the past year went for about $1.24M (16 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $7,367 a year; the typical home sold here pays about $5,500.
- ▲ Raises itIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightlyIts lot is 90 by 168 ft; the typical lot sold here is 50 by 131.
Total price vs nearby homes. Fair value about $1.54M, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $755/sqft against an area asking average of $1,078/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Schomberg basements rarely rent out (0 of 7 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the Town of King.
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.
It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.46M. 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.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The 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.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($755/sqft) is below the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Schomberg, so I widened the search to the surrounding area.
Based on 9 comparable homes that sold in Schomberg over the past two years, from 28 closings there.
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 $1.54M, which is where my estimate comes from.
Per square foot, these ask about $749/sqft; this home lists at $755/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
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 $1,358,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,436
- Property tax
- $614
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,049
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,435
- Estimated closing costs
- $30,435
Plus your down payment of $339,600. 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
- $446,132
- Principal paid down
- $167,956
- Interest paid
- $278,176
- Balance remaining
- $1,190,444
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 Schomberg basements rarely rent out (0 of 7 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 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 $3,718. 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 KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.