240 King Street, King, ON
Rural King, King · MLS® N13847302
About this home
Top 5 Reasons You Will Love This Property: 1) 10-acre property featuring rich, fertile Holland Marsh muck soil, tile drainage, irrigation, and water servicing, with 500' of frontage offering exceptional agricultural potential 2) With a striking red metal roof, decorative red doors, and an attractive green exterior finish, the 5,614 square foot barn features two separate storage areas along with an extensive driveway and parking space, ideal for equipment, vehicles, trailers, or visitors 3) Attached to the barn is a well-maintained three bedroom bungalow featuring a newer roof, a charming red door, a fully fenced yard, a covered porch, gardens, chicken coops, a firepit area, and three parking spaces, creating a warm and inviting rural lifestyle setting 4) This property is tidy, clean, and exceptionally well-kept both inside and out, offering a move-in-ready opportunity with evident care and maintenance throughout, plus the property is also serviced by a drilled well, adding to its practical rural appeal 5) Enjoy the tranquility of country living while remaining conveniently connected to Highway 400 and Highway 9, with easy access to the amenities, shopping, dining, and services of Bradford and Newmarket, making daily errands and commuting effortless. 1,276 fin.sq.ft. *Please note some images have been virtually staged to show the potential of the property.
Key facts
- Property type
- Other, Bungalow
- MLS®
- N13847302
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1100-1500 sq ft
- Lot
- 500.32 × 877.31 ft
- Cross streets
- Dufferin St/King St
- Parking
- 3 parking
- Driveway
- Private Triple
- Basement
- Unfinished, Partial Basement
- Heating
- Forced Air
- A/C
- None
- Exterior
- Vinyl Siding
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $1,514 / 2025
- Days on market
- 18
- Listing brokerage
- FARIS TEAM REAL ESTATE BROKERAGE
Rooms
laminate · closet · window
laminate · closet · window
vinyl floor · laundry sink · closet
laminate · open concept
laminate · open concept · large window
eat-in kitchen · vinyl floor · large window
laminate · closet · window
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price read
Nothing closely matching this home is listed nearby right now, so these are the nearest listings on the market.
Per square foot, these ask about $584/sqft; this home lists at $1,306/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Rural King, 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.
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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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,358,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,511
- Property tax
- $126
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,637
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
- $450,650
- Principal paid down
- $165,971
- Interest paid
- $284,678
- Balance remaining
- $1,192,429
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FARIS TEAM REAL ESTATE BROKERAGE. MLS®/PropTx.