332 King Street, East Gwillimbury, ON
Mt Albert, East Gwillimbury · MLS® N14093502
About this home
In short
- Effortless single level living meets peaceful privacy in this turnkey 3 bedroom bungalow.
- Enjoy seamless daily convenience with main floor laundry doubling as a mudroom with direct inside entry to the spacious 2 car garage.
- The lower level boasts a bright walk out basement with a functional kitchenette which is perfect for overnight family visits, hobbies, extra storage or income potential.
- Ditch the multi-story stairs and enjoy main floor convenience close to local amenities, walking trails, and transit.
Effortless single level living meets peaceful privacy in this turnkey 3 bedroom bungalow! Nestled in a quiet Mount Albert neighbourhood directly across from a new park, this home offers the ideal layout for down sizers seeking main floor comfort without sacrificing quality. Enjoy seamless daily convenience with main floor laundry doubling as a mudroom with direct inside entry to the spacious 2 car garage. The open main level features a beautifully updated kitchen with quartz countertops, subway tile backsplash, and a functional centre island. Unwind in the bright living room or step out to relax in the backyard overlooking serene, mature green space with complete privacy and no rear neighbours. The lower level boasts a bright walk out basement with a functional kitchenette which is perfect for overnight family visits, hobbies, extra storage or income potential. Ditch the multi-story stairs and enjoy main floor convenience close to local amenities, walking trails, and transit. A rare bungalow opportunity in a charming community!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N14093502
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 56.3 × 119.36 ft
- Cross streets
- Centre St. / King
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,251 / 2025
- Listing brokerage
- ROYAL LEPAGE RCR REALTY
Rooms
closet · broadloom
updated · double sink · backsplash
gas fireplace · crown moulding · overlooks frontyard
access to garage · tile floor
broadloom · closet
w/o to deck · combined w/kitchen · tile floor
tile floor · pantry
4 pc ensuite · walk-in closet(s) · overlooks backyard
gas fireplace · pot lights · walk-out
Listed at $899,900. Going by how homes in Mt Albert and the wider GTA have actually closed against their asking prices (about 98%, 11 local closings in 90 days), the likely sale price is near $878K, if it sells. A realistic range is $823K to $990K.
Independent value check: $1.00M. Without looking at the asking price, our model values the home itself about 11% above the ask (homes like it typically land between $938K and $1.05M).
Why $1.00M. The typical detached home sold in Mt Albert over the past year went for about $958K (64 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $5,251 a year; the typical home sold here pays about $4,600.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $878K, from 11 recent closings in this pocket.
The market behind the math:
About 2.7 months of inventory: 10 detached homes for sale in the area against 11 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $514/sqft against an area asking average of $525/sqft.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 11 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $992K. Condition and finishes remain an in-person call.
What the listing highlights2 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
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Below comparable homes on total price, yet the price per square foot ($514/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
There were not many closely comparable homes right in Mt Albert, so I widened the search to the surrounding area.
Based on 11 comparable homes that sold in Mt Albert over the past two years, from 98 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 $1.00M, which is where my estimate comes from.
Per square foot, these ask about $553/sqft; this home lists at $514/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in East Gwillimbury: $1.15M in September 2026, down 10% from a year ago, on 306 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. East Gwillimbury 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 | $1.27M | 25 |
| November 2025 | $1.25M | 34 |
| December 2025 | $1.25M | 20 |
| January 2026 | $1.03M | 15 |
| February 2026 | $1.24M | 26 |
| March 2026 | $1.14M | 25 |
| April 2026 | $1.10M | 29 |
| May 2026 | $1.10M | 25 |
| June 2026 | $1.18M | 26 |
| July 2026 | $1.16M | 31 |
| August 2026 | $1.05M | 25 |
| September 2026 | $1.15M | 25 |
Neighbourhood & location
Mt Albert, East Gwillimbury, 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). East Gwillimbury.
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 $719,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,981
- Property tax
- $438
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,418
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,473
- Estimated closing costs
- $14,473
Plus your down payment of $179,980. 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
- $238,834
- Principal paid down
- $87,961
- Interest paid
- $150,873
- Balance remaining
- $631,959
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 Mt Albert basements rarely rent out (2 of 18 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 5 whole-home leases in Mt Albert signed at a median of $2,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,986. 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 RCR REALTY. MLS®/PropTx.