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New2 days ago

114 Kingsworth Road

King City, King

$2,980,000

Detached|Sidesplit 4
3 | 4 | 10
About this home

This superb lot in coveted Kingscross Estates has all the most sought-after characteristics--located on a quiet street away from the main through road, in an elevated location, flat and open yet partially treed, it features a classic midcentury sidesplit positioned to maximize enjoyment of the privacy and property views. From the moment of stepping inside this home, your eye travels through a grand family room with soaring cedar ceilings to secluded, parklike property views. Full height wood fireplace and skylights make this classic midcentury room spectacular. A bonus is the vast swimming pool room, with 17-foot beamed tongue-and-groove cedar ceilings, skylights and a huge 28 by 22-foot gunite pool. This pool has been professionally closed and would require updates but the room provides a great deal of added, light-filled living space with endless potential. This lot could not be more perfect for building your dream home, but the midcentury sidesplit also has many amazing features including minimal stairs for mobility and therefore has great potential for a renovation that embraces its classic modern vibe. The TRCA website indicates no TRCA restrictions for protected features (verification is always advised), eliminating a major step in the permit process for building applications. Kingscross Estates is the defining residential enclave of King Township, and home to some of Canada's finest homes and properties, set among woodlands and natural features and minutes to Highway 400, Pearson Int'l Airport, top private schools and acclaimed dining. This historic neighbourhood features unique lots typically in the 2-acre range. With the push for higher density, this type of property represents a disappearing opportunity for a lifestyle that embraces the extraordinary!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 4
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$15,499
Lot Size178.76 ft x 504.28 ft
mls© NumberN14031422
Listed ByRE/MAX HALLMARK YORK GROUP REALTY LTD.

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$15,253
Property tax
$1,292
Heat allowance
$150
Housing costs
$16,695 / mo

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

Down payment20% · $596,000
25-yr amortization

Income needed

$514,000

gross annual household income

Payment at 4%
$12,540 / mo
Cash down
$596,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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