2955 16th Side Road, King, ON
Rural King, King · MLS® N14029116
About this home
In short
- You don't just look at a property like 2955 16th Sideroad-you have to feel it.
- The existing 4-bedroom, 3-bathroom bungalow features a walk-out basement with a separate side entrance, making it completely turn-key.
- The kitchen was tastefully renovated 10 years ago, offering an updated anchor to the home complemented by a versatile den, dedicated dining room, and timeless...
- With 2 expansive acres, the options are endless.
You don't just look at a property like 2955 16th Sideroad-you have to feel it. Two manicured acres of ultra-private land in King City, this is a masterclass in flexibility. Surrounded by multi-million dollar luxury estates, this location isn't just prestigious; it's an absolute goldmine of potential. The existing 4-bedroom, 3-bathroom bungalow features a walk-out basement with a separate side entrance, making it completely turn-key. Move right in, use it for steady holding income, or get comfortable while sketching your grand vision. The kitchen was tastefully renovated 10 years ago, offering an updated anchor to the home complemented by a versatile den, dedicated dining room, and timeless hardwood flooring. For country peace of mind, the property operates on well and septic, propane heating, and solar panels working in the background to offset your footprint. A functional covered porch adds perfect mudroom utility. But the real magic is the canvas. With 2 expansive acres, the options are endless. Build your custom mega-mansion, deploy a dream landscape architecture plan, or use the vast, ultra-private terrain to develop a premier hobby farm and homestead. If you value complete seclusion but refuse to compromise on a AAA+ location, you need to physically walk this property. Let your imagination run wild with the sheer scale of what's possible here. Live in it, lease it, or build it. Land this versatile on a street this exclusive doesn't wait around.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14029116
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 252 × 394.58 ft
- Cross streets
- June St & 16th St
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Private Double
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block
- Roof
- Shingles
- Sewer
- Septic
- Property tax
- $8,716 / 2025
- Days on market
- 2
- Listing brokerage
- REAL BROKER ONTARIO LTD.
Listed at $1,588,800. 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 $1.52M, if it sells. A realistic range is $1.42M to $1.71M.
Independent value check: $2.09M. Without looking at the asking price, our model values the home itself about 31% above the ask (homes like it typically land between $1.96M and $2.19M).
Why $2.09M. The typical detached home sold in Rural King over the past year went for about $2.33M (40 sales). What sets this one apart:
- ▼ Lowers it stronglyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Likely closing about $1.52M, 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 $578/sqft against an area asking average of $1,295/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 13 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.10M. 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.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- 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
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Rural King, 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.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $2.09M, which is where my estimate comes from.
Per square foot, these ask about $696/sqft; this home lists at $578/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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
Rural King, 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
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 $1,271,040 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,028
- Property tax
- $726
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,754
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $28,251
- Estimated closing costs
- $28,251
Plus your down payment of $317,760. 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
- $421,668
- Principal paid down
- $155,298
- Interest paid
- $266,370
- Balance remaining
- $1,115,742
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 12 whole-home leases in Rural King signed at a median of $3,796 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,612. 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 REAL BROKER ONTARIO LTD.. MLS®/PropTx.