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BEDROOMS3
BATHROOMS1
KITCHENS7
ROOMSN8072846
MLSIDContact Us
Property Description
Rare opportunity to acquire a prime acreage WITHIN the King City Village boundaries on the Official Plan! This property, to be sold together with no. 120 South Summit Farm (for a total of approximately 15 1/2 acres; parcels priced individually), is located in the coveted southern most part of King City adjacent to lands in the process of development. Consists of elevated & gently sloping land with idyllic views of a charming pond. Most of the pond lies on adjacent parcels to the south that are not included in the 15 1/2 acres. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital.
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Extras
The property, including all structures thereon, are in "as is" condition & there are no representations or warranties, express or implied. Actual number of rooms in structures has not been verified. Kindly do not walk property without L.A.
Nearby Intersections
Keele & King (42)
Property Features
Lake/Pond, Rolling
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
241' x 682'
Lot Irregularities
11.5 Acres Per Mpac
Fronting
North
Taxes
$11,913 (2023)
Basement
Other
Exterior
Other
Heat Type
Other
Heat Source
Other
Air Conditioning
Other
Water
Well
Parking Spaces
10
Driveway
Private
Garage Type
Attached
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King Market Statistics
King Price Trend
250 South Summit Farm Rd is a 4-bedroom 3-bathroom home listed for sale at $10,800,000, which is $8,758,112 (428.9%) higher than the average sold price of $2,041,888 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in King declined by $558,334 (21.5%) compared to the previous 30 day period (March 15 - April 13) and down $239,170 (10.5%) from the same time one year ago.Inventory Change
There were 40 4-bedroom homes listed in King over the last 30 days (April 14 - May 13), which is up 66.7% compared with the previous 30 day period (March 15 - April 13) and up 25.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in King typically sold ($91,000) (4.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $44,888 increase compared to the previous 30 day period (March 15 - April 13) and ($86,352) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in King over the last 30 days (April 14 - May 13) stood at 22.5%, down from 37.5% over the previous 30 days (March 15 - April 13) and down from 53.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in King stood at 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark York Group Realty Ltd.
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