33 Rice Drive, King, ON
Schomberg, King · MLS® N13860634
About this home
In short
- Welcome to 33 Rice Road-an incredible opportunity in one of King Township's most charming and tightly knit communities.
- Set on a rare, nearly half-acre pie-shaped lot , this property delivers the ultimate backyard oasis complete with a private in-ground pool, endless green space, and...
- Inside, this spacious 3-bedroom family home offers a fantastic, functional layout filled with natural light and great bones.
- Commuters will love the quick access to Highway 27 and-hwy 400, making trips into the GTA a breeze while coming home to a peaceful country-feel setting.
Welcome to 33 Rice Road-an incredible opportunity in one of King Township's most charming and tightly knit communities. Set on a rare, nearly half-acre pie-shaped lot , this property delivers the ultimate backyard oasis complete with a private in-ground pool, endless green space, and unmatched privacy. Inside, this spacious 3-bedroom family home offers a fantastic, functional layout filled with natural light and great bones. While the home features classic character, its ready for your personal cosmetic updates and modern touches, its generous room sizes and solid foundation provide the ultimate canvas to create your dream custom estate. Located in a quiet, highly desirable neighborhood, you are just a short stroll from the local shops, cafes, and historic charm of Main Street, as well as top-tier parks, local arenas, and schools. Commuters will love the quick access to Highway 27 and-hwy 400, making trips into the GTA a breeze while coming home to a peaceful country-feel setting. Whether you are looking to renovate, redesign, or build equity in a prime Schomberg location with an exceptional lot size, properties with this much outdoor potential rarely come along. Don't miss your chance to bring your vision to life!
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13860634
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 83.64 × 189 ft
- Cross streets
- Rice / Cooper
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Baseboard
- A/C
- None
- Exterior
- Brick
- Foundation
- Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $5,512 / 2026
- Days on market
- 14
- Listing brokerage
- FOREST HILL REAL ESTATE INC.
Rooms
4 pc ensuite · double closet · hardwood floor
hardwood floor · large window
eat-in kitchen · ceramic floor · overlooks backyard
hardwood floor · large window
Broadloom
Hardwood Floor
hardwood floor · overlooks backyard
Listed at $999,900. Going by how homes in Schomberg and the wider GTA have actually closed against their asking prices (about 98%, 5 local closings in 90 days), the likely sale price is near $975K, if it sells. A realistic range is $913K to $1.10M.
Independent value check: $1.06M. Without looking at the asking price, our model values the home itself about 6% above the ask (homes like it typically land between $993K and $1.11M).
Why $1.06M. The typical detached home sold in Schomberg over the past year went for about $1.24M (16 sales). What sets this one apart:
- ▲ Raises itIts lot is 84 by 189 ft; the typical lot sold here is 50 by 131.
- ▼ Lowers it1 garage and 4 total parking spaces, against 2 and 6 typically.
- ▼ Lowers it slightly3 bedrooms and 2 baths, against 3+2 and 3 typically.
Total price vs nearby homes. Likely closing about $975K, from 5 recent closings in this pocket.
The market behind the math:
Price per square foot: this home lists at $571/sqft against an area asking average of $963/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.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.15M. Condition and finishes remain an in-person call.
What the listing highlights3 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
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 5 comparable homes that sold in Schomberg over the past two years, from 30 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 $1.06M, which is where my estimate comes from.
Per square foot, these ask about $830/sqft; this home lists at $571/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
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 19, 2026); conventional rates run a little higher.
Mortgage amount $799,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $459
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,882
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,473
- Estimated closing costs
- $16,473
Plus your down payment of $199,980. 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
- $265,374
- Principal paid down
- $97,735
- Interest paid
- $167,638
- Balance remaining
- $702,185
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 6 whole-home leases in Schomberg signed at a median of $2,550 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,485. 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 FOREST HILL REAL ESTATE INC.. MLS®/PropTx.