62 Mount Mellick Drive, King, ON
Rural King, King · MLS® N14080510
About this home
In short
- An exceptional opportunity in prestigious King City to own a grand estate property offering over 13,000 sq.ft. of total living space.
- The layout provides excellent flow and scale, ideal for creating a modern open-concept design or maintaining defined luxury spaces.
- The second level features multiple oversized bedrooms, including a substantial primary suite with walk-in closet and ensuite layout, along with additional bedrooms...
- Featuring 6 garage spaces and a separate in-law suite above the garage, this property offers exceptional flexibility for multi-generational living or additional...
- Situated on a premium lot in a sought-after King City location, close to top-rated schools, parks, and commuter routes.
An exceptional opportunity in prestigious King City to own a grand estate property offering over 13,000 sq.ft. of total living space. This expansive residence presents a true blank canvas for end-users, builders, or investors looking to design and finish a custom home tailored to their exact vision. The main level offers an impressive footprint with generously sized principal rooms, including a large kitchen area, formal dining space, private office, and expansive living areas ready to be reimagined. The layout provides excellent flow and scale, ideal for creating a modern open-concept design or maintaining defined luxury spaces. The second level features multiple oversized bedrooms, including a substantial primary suite with walk-in closet and ensuite layout, along with additional bedrooms positioned for privacy and functionality-each with access to bathrooms and ample closet space. The basement remains unfinished, offering a significant amount of additional square footage with endless possibilities for customization-whether a recreational level, wellness space, home theatre, or in-law suite. Featuring 6 garage spaces and a separate in-law suite above the garage, this property offers exceptional flexibility for multi-generational living or additional accommodation. Situated on a premium lot in a sought-after King City location, close to top-rated schools, parks, and commuter routes. A rare opportunity to complete a truly custom estate.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N14080510
- Bedrooms
- 5
- Bathrooms
- 7 (2 half)
- Size
- 5,000 sq ft
- Lot
- 328.64 × 410.76 ft
- Cross streets
- JANE/MOUNT MELLICK
- Parking
- 6 garage (attached)
- Driveway
- Private
- Basement
- Separate Entrance, Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Septic
- Property tax
- $1 / 2026
- Days on market
- 1
- Listing brokerage
- ROYAL LEPAGE COMMERCIAL WESTHAVEN
Rooms
6 pc ensuite · walk-in closet(s)
4 pc ensuite · walk-in closet(s)
4 pc ensuite · walk-in closet(s)
3 pc ensuite · walk-in closet(s)
This home is in the largest size bracket the board records (5,000 sq ft and up). Comparable-sales math compares homes by size, and too few homes this large sell nearby to compare it fairly, so no automatic estimate is shown. The largest homes in Rural King (3,500 sq ft and up) have sold between $1.10M and $8.50M over the last two years (29 sales).
Considering this property? Request a written price read
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 $3.06M, which is where my estimate comes from.
Per square foot, these ask about $1,145/sqft; this home lists at $1,580/sqft. Size is part of the price story, not just the sticker.
The 4 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
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 17, 2026); conventional rates run a little higher.
Mortgage amount $6,320,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $34,944
- Property tax
- $0
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $34,944
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $183,975
- Estimated closing costs
- $183,975
Plus your down payment of $1,580,000. 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
- $2,096,662
- Principal paid down
- $772,187
- Interest paid
- $1,324,475
- Balance remaining
- $5,547,813
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 7 whole-home leases in Rural King signed at a median of $4,525 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $5,788. 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 ROYAL LEPAGE COMMERCIAL WESTHAVEN. MLS®/PropTx.