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King City, King
$1,599,900
Extraordinary opportunity located right in the heart of King City, a truly exceptional 53 x 200 ft developable lot that is bursting with potential and ready to shape the future of the King City Core! Currently operating as a professional office, this charming property boasts a well-designed layout, including 5-6 offices, a reception area, a spacious boardroom, a kitchen, 2 bathrooms, and a convenient kitchenette. The expansive lot features ample parking for 8-10 vehicles, with room for expansion to accommodate even more. This property is ideal for a variety of professional uses such as medical practices, law firms, accounting offices, engineering firms, or real estate agencies. It also holds the potential to be converted into a residential property to suit your vision. Strategically located just steps from the Keele and King Road intersection, this property offers excellent visibility, signage opportunities, and proximity to public transit, ensuring convenience for clients and employees alike. The full basement provides additional storage, while three separate entrances offer flexibility for multi-use configurations. With no heritage designation, the property allows for future development or expansion without restrictions, making it a truly valuable investment. Whether you're looking to renovate for your business needs, convert into a residence, or develop for future growth, the possibilities are endless.**EXTRAS** Existing furniture is available for tenant use. Don't miss your chance to own a prime piece of King City's thriving core
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $18,106 |
| Lot Size | 53.45 ft x 200 ft |
| mls© Number | N13839594 |
| Listed By | REMAX YOUR COMMUNITY REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,189
- Property tax
- $1,509
- Heat allowance
- $150
- Housing costs
- $9,848 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$303,000
gross annual household income
- Payment at 4%
- $6,733 / mo
- Cash down
- $319,980
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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