120 South Summit Farm Road, King, ON
Property Highlights
Welcome to this remarkable Other vacant land located in the coveted neighborhood of King City. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,180,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 331.44 x 624.17 ft lot size
- Notable attributes: None
- Efficient other heating via other
Description
Rare opportunity to acquire a prime acreage WITHIN the King City Village boundaries on the Official Plan! This property is located within the coveted southernmost part of King City adjacent to lands in the process of residential development. Consists of elevated and gently sloping land with idyllic views of a charming pond. Most of the pond lies on adjacent parcels to the east that are not part of the 4.684 acres. Private road. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital and amenities. Copy of original Plan of Subdivision available in lieu of survey. Notwithstanding the requirement to state in the MLS listing whether HST is in addition to or included in the purchase price, this statement is not a representation or warranty.
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Property Summary
This vacant land located at 120 South Summit Farm Road, King is currently for sale and has been available on SousaSells for 251 days. This property is listed at $3,180,000 with an estimated mortgage of $10,585* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 120 South Summit Farm Road, King is in the King City neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in King City, King.
- •Desirable Vacant Land architecture in King City, King
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Cul de Sac/Dead End
- Lake/Pond
- Rolling
Interior Features
- None
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 120 South Summit Farm Road, King, ON
Q.What is the asking price for 120 South Summit Farm Road, King, ON ?
The current listing price for 120 South Summit Farm Road, King, ON in King City, King is $3,180,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 120 South Summit Farm Road, King, ON ?
120 South Summit Farm Road, King, ON is a Vacant Land (Other) featuring a None basement.
Q.What key property features does 120 South Summit Farm Road, King, ON offer?
Key property features include: Cul de Sac/Dead End, Lake/Pond, Rolling.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.What heating and cooling systems are installed?
Heating is provided via Other and cooling via None.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
King City, King
2 assaults (20.0/100k)
5 B&E (50.0/100k)
9 thefts (90.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 120 South Summit Farm Road, King, ON L7B 1J8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in King, ON
For a property listed at $3,180,000 in King, the legal minimum down payment is $636,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $65,975 for this transaction. As this listing is in King (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $65,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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