120 South Summit Farm Road

King City, King · MLS® N12659908

Land · Vacant Land · 293 days on market

listed by LESLIE WHICHER, RE/MAX HALLMARK YORK GROUP REALTY LTD.

realtor's 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.

property details

type: Land, Vacant Land
parking: 0
property tax: $4,208 / yr
days on market: 293
MLS®: N12659908

features

Cul-de-sac
Wooded area
Sloping
Rolling
Open space

monthly cost

$14,206/mo

Mortgage $13,855 · Tax $351

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$13,855/ monthly

loan $2,544,000

25-year amortization

down payment20% · $636,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $1,612,487
cash to close: $636,000; down payment; transfer tax and fees not included
total paid: $4,156,487

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.