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BEDROOMS3
BATHROOMS1
KITCHENS7
ROOMSN9377786
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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-16 | 2024-10-03 | 230 | $8,600,000 | - | Terminated |
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 (47)
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 $6,380,000, which is $4,024,471 (170.9%) higher than the average sold price of $2,355,529 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in King declined by $222,921 (8.6%) compared to the previous 30 day period (September 21 - October 20) and up $167,307 (7.6%) from the same time one year ago.Inventory Change
There were 29 4-bedroom homes listed in King over the last 30 days (October 21 - November 19), which is down 32.6% compared with the previous 30 day period (September 21 - October 20) and up 52.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in King typically sold ($176,927) (7.5%) below asking price over the last 30 days (October 21 - November 19), which represents a $86,253 increase compared to the previous 30 day period (September 21 - October 20) and ($169,755) 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 (October 21 - November 19) stood at 58.6%, up from 23.3% over the previous 30 days (September 21 - October 20) and up from 47.4% 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 23 days when successfully sold over the last 30 days (October 21 - November 19), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark York Group Realty Ltd.
Similar Listings
Prime Location! Lots of Possibilities With This Unique Gem In Coveted King City. Two Parcels (033690092& 033690082) Just Under 11 Acres Are Being Sold Together. Property Is Being Sold As A Redevelopment Opportunity As Adjacent Lands Are In The Process Of Development. This Lot Features Privacy On A Country Like Setting While Still Being Accessible To All The Amenities Of The City A Short Distance Away. Live In While Planning Your Future Dream Estate Or Wait For Potential Future Development Possibilities. Lot Can Be Subdivided Into Two. The Natural Landscape Boasts A Large Pond With Deeded Right Of Way and Many Mature Trees. Just To The South Of The Pond Sits The Charming 3BR Detached Home, 2 Car Garage With Circular Driveway. Other Features Of The Home Include: Large Primary With Walk-In Closet and 5PC Ensuite. Raised Concrete Deck With Concrete Stairs And Multiple Walkouts, Exterior Garden Shed (As-Is). Minutes To HWY 400. Cortellucci Vaughan Hospital, Canada's Wonderland, Vaughan Mills and More.
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