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New7 days ago

40 Old Church Road

Rural King, King

$1,599,000

Detached|2-Storey
6 | 5 | 6
About this home

Click brochure link for more details. A Rare Investment Opportunity in the Heart of Laskay. Tucked away on a quiet cul-de-sac in the historic village of Laskay, this custom-built residence offers a unique opportunity for investors, builders, and growing families alike. Set on a private 0.59-acre wooded lot surrounded by mature trees, the property offers magnificent long-distance views over the surrounding countryside and of the sunset. Approximately 65% complete, with an ICF foundation, 2x6 exterior walls, and full permits in place, this home hands you a significant head start - the heavy lifting is done, and what remains is finishing it to your own vision. Built legally and to code throughout, with each stage of construction inspected and approved by the Township, and a full project file available for buyer review. A thoughtful large-scale renovation, the home preserves a piece of its past: the original living room, now a cozy sunroom warmed by its own wood-burning fireplace, along with the basement beneath it, seamlessly joined to the new foundation. Offering 3,500+ sq ft above grade plus a full unfinished basement ready for your own design, the layout offers exceptional flexibility, with 9-10 ft ceilings throughout the main and upper levels. With 6 bedrooms and 5 baths across thoughtfully separated wings - including a main-floor primary suite - the home suits multi-generational living beautifully, with real potential to create a self-contained space for aging parents or extended family. Attached garage, parking for up to 10 vehicles, and a permitted shed (2020, inspected and closed) round out the property's practical appeal. Shops, schools, and hospital access are all minutes away, with quick connections to Highway 400. Sold as-is - an honest, transparent starting point to invest directly in the home's real value and finishing potential, rather than paying a premium for someone else's design choices. Some images are renderings and do not depict current condition.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$9,322
Lot Size189.36 ft x 128.16 ft
mls© NumberN13710924
Listed ByHONESTDOOR INC.

Listing History

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  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,184
Property tax
$777
Heat allowance
$150
Housing costs
$9,111 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $319,800
25-yr amortization

Income needed

$280,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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