120 South Summit Farm Rd
King City, King, Ontario L7B 1J8
- Lot
- 2 – 4.99 acres
- Tax a year
- $4,2082025 tax year
- Days on market
- Members
The brief
About 120 South Summit Farm Rd
120 South Summit Farm Rd is vacant land in King City, King, listed for sale at an asking price of $3,180,000 (MLS® N12659908).
Rare opportunity to acquire a prime acreage WITHIN the King City Village boundaries on the Official Plan! This property is located within the coveted southernmost part of King City adjacent to lands in the process of residential development. Consists of elevated and gently sloping land with idyllic views of a charming pond. Most of the pond lies on adjacent parcels to the east that are not part of the 4.684 acres. Private road. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital and amenities. Copy of original Plan of Subdivision available in lieu of survey. Notwithstanding the requirement to state in the MLS listing whether HST is in addition to or included in the purchase price, this statement is not a representation or warranty.
Insights
Condition Score
Good67/1005 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,208 / 2025
- MLS® number
- N12659908
- Board
- TRREB MLS®
- Property Type
- Vacant Land
- Days on market
- Lot Size
- 331.44 x 624.17 ft
- Listed on
Property details
Property
- Property Type
- Vacant Land
- Style
- Other
- Community
- King City
- Municipality
- King
Inside
- Basement Type
- None
Parking
- Driveway
- Private
Utilities
- Water
- Other
- Cooling
- None
- Heating Type
- Other
Land
- Sewer
- Other
- Frontage
- 331.44 ft
- Depth
- 624.17 ft
- Lot Size
- 331.44 x 624.17 ft
Additional
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 120 South Summit Farm Rd, King, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $3,180,000 | N/A | For Sale | N12659908 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $636,000
- Total mortgage amount
- $2,544,000
- Total interest payment
- $1,808,400
- Total purchase cost
- $4,988,400
- Mortgage payment
- $14,508/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$14,859- Rent $0
- Shortfall $14,859
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $65,975
- Total land transfer tax
- $65,975
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $61,975
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $3,180,000
- $29,500
- Ontario total
- $65,975
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Street frontage
- 331.44 ft101 m
- Depth
- 624.17 ft190.2 m
- Lot size
- 2 – 4.99 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- A mapped wetland is within 120 mDevelopment close to a wetland can need extra review.120 m
- 6 water-supply wells recorded within 250 mAll were drilled for domestic use; 1 test or monitoring hole also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 61 m.250 m
- Groundwater recorded about 24.3 m below ground nearbyThe middle water level in the well records within 500 m (33 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity1
- Inside the Greenbelt (Oak Ridges Moraine Conservation Plan) and the Oak Ridges Moraine plan area (Settlement Area)These provincial plans set policies on new buildings, new lots and some changes to the land; the municipality can say which apply to this property.At the address
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet2
- Electricity is distributed here by Hydro One Networks Inc.At the address
- Fibre to the home, Cable, DSL internet listed for this areaFibre to the home: Bell, Rogers, Vianet. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, Vianet. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.At the address
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
The market
Lots for sale in King City right now
- For sale now
- 5
- Median asking price
- $3.18M
- New in 7 days
- 0
- Price cuts
- 0%
Middle half: $3.18M to $3.3M
0 in 28 days
0 listings
This home is asking at the median.
See all homes in King CityAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| King City GO | GO Transit train: Barrie | 1.8 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| King City Public SchoolYork Region DSB | Public · grades JK–8 | 3.1 km | 68%Grade 6 average |
| Holy Name Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 3.6 km | 80%Grade 6 average |
| St Raphael the Archangel Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 3.8 km | 70%Grade 6 average |
| ÉÉC Le-Petit-PrinceConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 7.5 km | 88%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| King City Secondary SchoolYork Region DSB | Public · grades 9–12 · French Immersion | 3 km | 54%Grade 9 math |
| St Joan of Arc Catholic High SchoolYork CDSB | Catholic · grades 9–12 | 6.4 km | 54%Grade 9 math |
| St Theresa of Lisieux Catholic High SchoolYork CDSB | Catholic · grades 9–12 | 7 km | 91%Grade 9 math |
| ÉSC RenaissanceConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 7.1 km | 87%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in King City are shown to signed-in members.