5502 16th Side Road, King, ON
Schomberg, King · MLS® N13799626
About this home
In short
- Highly Desirable and Sought After 10 Acre Country Residence Situated on The High Point of The Sixteenth Sideroad Just North of Nobleton Lakes Golf Course Between 8th...
- The Log Walls Have Been Painted In a Soft White Complimented With 7 1/2" White Oak Hardwood Flooring, Black Hardware and Cathedral Ceilings In Every Room Featuring...
- 2 New Designer Washrooms Featuring Heated Floor and Curbless Shower Stall in Main.
- Bachelor Apartment With A 3 Piece Bathroom Above Overlooks The Pool and Picturesque Rolling Pasture.
- An Inground Concrete 40 x 20 Ft Heated Pool Is Complete With Concrete Patio Surround Complimented With A Covered Gazebo and Adjacent Built-in Pool Cabana Featuring...
Highly Desirable and Sought After 10 Acre Country Residence Situated on The High Point of The Sixteenth Sideroad Just North of Nobleton Lakes Golf Course Between 8th Concession & Hwy 27. The Board and Batton Bungalow Has Been Upgraded and Redecorated Resulting In A Home Worthy Of A Feature in Modern Farmhouse Magazine. The Log Walls Have Been Painted In a Soft White Complimented With 7 1/2" White Oak Hardwood Flooring, Black Hardware and Cathedral Ceilings In Every Room Featuring Natural Oak Beams & Views From Every Room to Scenic Rolling Pastures or Private Gardens. 2 New Designer Washrooms Featuring Heated Floor and Curbless Shower Stall in Main. The Property Is Ideal For Horse Lovers Having a 5-Stall Horse Barn Workshop and Tack Room w water and electricity, a Run-In Shed and Paddocks. Equally The Property Will Appeal To A Contractor or Landscaper Requiring Space to Store Their Equipment. The Detached Double Car Garage With 430 Sq. Ft. Bachelor Apartment With A 3 Piece Bathroom Above Overlooks The Pool and Picturesque Rolling Pasture. An Inground Concrete 40 x 20 Ft Heated Pool Is Complete With Concrete Patio Surround Complimented With A Covered Gazebo and Adjacent Built-in Pool Cabana Featuring Double French Doors, A Roll-Up Servery Door, Wet Bar, Vaulted Ceiling & 2 Piece Washroom.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13799626
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 323.27 × 1365.85 ft
- Cross streets
- Hwy 27 & 16th Sdrd
- Parking
- 2 garage (detached)
- Driveway
- Circular Drive
- Basement
- Finished with Walk-Out, Partial Basement
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Board & Batten
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Pool
- Inground
- Property tax
- $8,547 / 2025
- Days on market
- 28
- Listing brokerage
- RE/MAX EXPERTS
Rooms
hardwood floor · closet · overlooks frontyard
centre island · cathedral ceiling(s) · pantry
vinyl floor · brick fireplace · w/o to yard
hardwood floor · open concept · cathedral ceiling(s)
hardwood floor · closet · overlooks garden
hardwood floor · cathedral ceiling(s) · stone fireplace
5 pc ensuite · hardwood floor · w/o to deck
hardwood floor · brick fireplace · cathedral ceiling(s)
Listed at $3,287,000. Going by how homes in Rural King and the wider GTA have actually closed against their asking prices (about 96%, 13 local closings in 90 days), the likely sale price is near $3.14M, if it sells. A realistic range is $2.95M to $3.54M.
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 $3.14M, from 13 recent closings in this pocket.
The market behind the math:
About 3.7 months of inventory: 16 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 $1,878/sqft against an area asking average of $1,180/sqft.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In Rural King basements rarely rent out (2 of 35 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.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
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 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.87M. Condition and finishes remain an 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.
- Heated floors: comfort and a premium-finish signal. Lifestyle
- 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Schomberg, so I widened the search to the surrounding area.
Based on 13 comparable homes that sold in Rural King over the past two years, from 110 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 $1.62M, which is where my estimate comes from.
Per square foot, these ask about $1,209/sqft; this home lists at $1,878/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
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) →
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 $2,629,600 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,540
- Property tax
- $712
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,252
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $68,650
- Estimated closing costs
- $68,650
Plus your down payment of $657,400. 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
- $872,371
- Principal paid down
- $321,289
- Interest paid
- $551,082
- Balance remaining
- $2,308,311
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 Rural King basements rarely rent out (2 of 35 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 10 whole-home leases in Rural King signed at a median of $3,769 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,916. 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 EXPERTS. MLS®/PropTx.