61 Ria Court, King, ON

King City, King · MLS® N13808508

$3,588,000
For Sale
Listed 1 day agoNo offer date stated
4Bedrooms
6Bathrooms
2Garage · 6 parking
3500-5000Sq ft

About this home

In short

  • Set on a quiet court in prestigious King City, this extraordinary custom-built residence showcases exceptional craftsmanship, premium finishes, and thoughtfully...
  • Designed for both everyday family living and large-scale entertaining, the home features soaring 10-13 ft tray ceilings, rich hardwood flooring, designer lighting...
  • The custom kitchen is equipped with premium Sub-Zero, Wolf, and Asko appliances, porcelain countertops, extensive cabinetry, and a quartz centre island designed for...
  • The primary suite features a custom walk-in closet seamlessly connected to the spa-inspired ensuite complete with a Kohler Numi smart toilet.
  • Outside, the resort-style backyard is centred around a saltwater sport pool complete with an outdoor kitchen featuring a built-in BBQ and beverage centre.

Set on a quiet court in prestigious King City, this extraordinary custom-built residence showcases exceptional craftsmanship, premium finishes, and thoughtfully designed living spaces throughout. Designed for both everyday family living and large-scale entertaining, the home features soaring 10-13 ft tray ceilings, rich hardwood flooring, designer lighting, crown moulding, updated stair railings, and built-in speakers throughout.A private courtyard off the main hallway creates a striking architectural feature while bringing natural light into the centre of the home. The custom kitchen is equipped with premium Sub-Zero, Wolf, and Asko appliances, porcelain countertops, extensive cabinetry, and a quartz centre island designed for both prep space and entertaining. Just off the kitchen, a covered patio with glass railings and built-in heaters offers the perfect space for outdoor dining and summer evenings.Four gas fireplaces add warmth throughout the home. The primary suite features a custom walk-in closet seamlessly connected to the spa-inspired ensuite complete with a Kohler Numi smart toilet.The fully finished lower level includes a second kitchen with premium Miele appliances, an additional laundry area, and a dedicated playroom. Outside, the resort-style backyard is centred around a saltwater sport pool complete with an outdoor kitchen featuring a built-in BBQ and beverage centre.Additional features include a heated garage, snow melt system on the driveway, stairs, and walkways, creating year-round comfort and convenience. Located in one of King City's most sought-after neighbourhoods, this exceptional residence offers luxury, functionality, and attention to detail at every turn.

Key facts

Property type
Detached, 2-Storey
MLS®
N13808508
Bedrooms
4
Bathrooms
6 (2 half)
Size
3500-5000 sq ft
Lot
38.02 × 190.44 ft
Cross streets
Dufferin St and King Rd
Parking
2 garage · 6 parking (attached)
Driveway
Private
Basement
Finished with Walk-Out
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Stone
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Pool
Inground, Salt
Property tax
$12,652 / 2025
Days on market
1
Listing brokerage
KELLER WILLIAMS REFERRED URBAN REALTY

Rooms

KitchenBasement4.80 × 4.80 m

b/i appliances · w/o to yard · pot lights

Dining RoomMain5.84 × 3.68 m

separate room · pot lights · hardwood floor

Bedroom 3Second3.94 × 6.43 m

3 pc ensuite · large closet · hardwood floor

Cold Room/CantinaBasement3.94 × 4.42 m

Glass Doors

BreakfastMain2.67 × 5.36 m

combined w/kitchen · open concept · window floor to ceiling

KitchenMain3.15 × 5.99 m

b/i appliances · centre island · pantry

Bedroom 4Second3.76 × 4.85 m

2 pc ensuite · wet bar · double doors

SittingMain3.89 × 3.81 m

overlooks frontyard · hardwood floor · large window

OfficeMain1.85 × 2.62 m

w/o to yard · hardwood floor · hardwood floor

PlayBasement2.64 × 2.77 m

broadloom · double doors

Primary BedroomSecond5.03 × 5.46 m

5 pc ensuite · walk-in closet(s) · fireplace

Living RoomMain6.20 × 6.07 m

marble fireplace · coffered ceiling(s) · pot lights

RecreationBasement7.34 × 5.46 m

marble fireplace · open concept

Bedroom 2Second5.79 × 4.55 m

4 pc ensuite · walk-in closet(s) · overlooks frontyard

Family RoomMain4.42 × 4.80 m

marble fireplace · large window · overlooks backyard

Our TakeTeam Asgarian · Broker
A small discount is typical
$3.45Mlikely sale price

Listed at $3,588,000. Going by how homes in King City 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 $3.45M, if it sells. A realistic range is $3.24M to $3.89M.

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.

List price
$3.24MBelow recent closings$3.89MAbove recent closings

Total price vs nearby homes. Likely closing about $3.45M, from 13 recent closings in this pocket.

The market behind the math:

13sold nearby · 90 days
$2.25Mmedian sold price
92%of asking, on average
−9%prices vs a year ago
~43 dayshomes like this take to sell
1days on market so far
$6,825/moest. rent · 18 leases
2.3%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 5.3 months of inventory: 23 detached homes for sale in the area against 13 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $844/sqft against an area asking average of $679/sqft.

  • Walk-out basement apartment features. A finished walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. In King City basements rarely rent out (4 of 60 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 $2.62M. 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.

  • Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
  • 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
  • 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.

What sellers nearby are askingCurrently listed nearby in King City · asking prices
$2.77Mavg asking

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 $2.40M, which is where my estimate comes from.

Per square foot, these ask about $651/sqft; this home lists at $844/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
3.59MThis home2.35M2.35M2.35M3.40M3.39MThis home vs active comparables

Neighbourhood & location

King City, King, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Rural King
$3.04M
Nobleton
$1.96M
Pottageville
$2.36M
Schomberg
$1.59M

Typical asking price of active listings of the same type, per area (outliers removed). King.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near King City PS
75%
King City PSPublic · Elementary · JK-8 · 1.1 km awayAbove the GTA average · 75% meet the provincial standard
Also nearby: 1 more schools within 2.5 km
Father Frederick McGinn Catholic Elementary School · Catholic elementary2.5 km · 80% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$16,353/mo
$657KIncome needed
5.5×Price ÷ income
$3,774Weekly cost
$76,175Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $16,353Property tax $1,054Total carry $17,407

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 22, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$15,712per month

Mortgage amount $2,870,400 · 4.39% over 25 years

$717,600Down payment (20.0%)
$2,870,400Loan before insurance
$0CMHC premium
$16,766Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$15,712
Property tax
$1,054
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$16,766

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$76,175
Estimated closing costs
$76,175

Plus your down payment of $717,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$19,036/monthPayment at the qualifying rate

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

$1,843,149Total interest paid
$4,713,549Total of all payments
Principal $2,870,400 Interest $1,843,149
YearPrincipalInterestBalance
1$64,954$123,588$2,805,446
2$67,836$120,706$2,737,610
3$70,847$117,695$2,666,763
4$73,991$114,551$2,592,772
5$77,275$111,267$2,515,496
6$80,705$107,837$2,434,791
7$84,287$104,255$2,350,505
8$88,028$100,514$2,262,477
9$91,934$96,608$2,170,543
10$96,015$92,527$2,074,528
11$100,276$88,266$1,974,252
12$104,726$83,816$1,869,526
13$109,374$79,168$1,760,152
14$114,228$74,314$1,645,924
15$119,298$69,244$1,526,625
16$124,593$63,949$1,402,033
17$130,122$58,420$1,271,910
18$135,897$52,644$1,136,013
19$141,929$46,613$994,084
20$148,228$40,314$845,856
21$154,807$33,735$691,050
22$161,677$26,865$529,372
23$168,853$19,689$360,520
24$176,347$12,195$184,173
25$184,173$4,369$0

At the end of your 5-year term

Total paid over the term
$942,710
Principal paid down
$354,904
Interest paid
$587,806
Balance remaining
$2,515,496

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.

Let's connect

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

Rental yield
From 18 whole-home leases in King City$6,825/mo
$81,900Gross annual rent
1.6%Cap rate after taxes and upkeep
$6,238 to $7,587Typical rent range
~31 daysTo find a tenant, on average

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 numbers

The last 18 whole-home leases in King City signed at a median of $6,942 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,825. 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.

2.3%
Gross yield
− Property tax $12,652− Insurance $1,400− Vacancy & upkeep $9,009Net operating income $58,839

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.

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