Welcome to 256 Banner Lane in the heart of King City- Don't miss this exceptional opportunity to own a rare premium lot, just over half an acre, located in a transitioning estate neighbourhood and surrounded by multi-million dollar homes. Build your custom dream home or enjoy this cozy residence which has been beautifully renovated and boasts a stunning kitchen equipped with stainless steel built in appliances, a grand island with Calcutta marble counters, crown mouldings, 5" engineered hardwood, 8" trim, frameless glass shower with double vanity & quartz countertop and a finished basement with expansive recreation space, laundry & two dressing rooms. Ideally located near the King City GO Station, 30 mins to Pearson and GTA, Top Tier Private Schools Parks, and major highways. Walk to Restaurants and amenities. Move in, renovate, or build your dream estate. This is a rare offering with exceptional future potential.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,193 |
| Lot Size | 123.58 ft x 253.77 ft |
| mls© Number | N13619654 |
| Listed By | RE/MAX HALLMARK YORK GROUP REALTY LTD. |
Listing History
- No recent sale history for this listing.
- 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%
- $13,206
- Property tax
- $683
- Heat allowance
- $150
- Housing costs
- $14,038 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$432,000
gross annual household income
- Payment at 4%
- $10,857 / mo
- Cash down
- $516,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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