256 Banner Lane
King City, King, Ontario L7B 1H2
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,100–1,500sq ft
- Per sq ft
- $1,845at the range’s middle
- Lot
- 123.58 x 253.77 ft
- Tax a year
- $8,1932026 tax year
- Parking
- 82 attached
- Days on market
- Members
The brief
About 256 Banner Lane
256 Banner Lane is a 2-bedroom, 2-bathroom detached house in King City, King, listed for sale at an asking price of $2,399,000 (MLS® N14107526).
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.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$9,028/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 2 bedrooms for lease in King City right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $8,193 / 2026
- MLS® number
- N14107526
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 123.58 x 253.77 ft
- Listed on
- Parking
- 2 Attached, 8 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- King City
- Municipality
- King
Building
- Size
- 1100-1500 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 5pc Main, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 6
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 123.58 ft
- Depth
- 253.77 ft
- Lot Size
- 123.58 x 253.77 ft
Additional
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Built-in Stainless Steel Fridge/Freezer Combo, Built-in Microwave & Oven, Built-in Dishwasher, Gas Cooktop, Washer & Dryer, Garage Door Opener & 2 Remotes, Central Air Conditioner
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 3.83 × 6.52 m | Marble Counter, Stainless Steel Appl, Centre Island | Main |
| Family | 4.87 × 5.09 m | Moulded Ceiling, Picture Window | Main |
| Primary | 3.83 × 3.83 m | 5 Pc Ensuite | Main |
| 2nd Br | 3.78 × 3.83 m | — | Main |
| Sitting | 2.99 × 3.2 m | W/O To Yard | Main |
| Rec | 3.63 × 13.84 m | — | Bsmt |
Listing history
Buy/sell history for 256 Banner Lane, 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 | $2,399,000 | N/A | Pc | N14107526 |
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
- $479,800
- Total mortgage amount
- $1,919,200
- Total interest payment
- $1,364,300
- Total purchase cost
- $3,763,300
- Mortgage payment
- $10,945/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
86%Monthly carrying cost
$11,628- Rent $2,600
- Shortfall $9,028
Rental income opens at $2,600, the median asking rent of 9 comparable homes for lease in King City. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $46,450
- Total land transfer tax
- $46,450
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $42,450
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 $2,399,000
- $9,975
- Ontario total
- $46,450
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
- 123.58 ft37.7 m
- Depth
- 253.77 ft77.3 m
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, measured by MPAC.
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
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
- Groundwater recorded about 1.5 m below ground nearbyThe middle water level in the well records within 500 m (10 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
Around the home1
- Nearest rail line: 630 m630 m
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 internet3
- Electricity is distributed here by Hydro One Networks Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre 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.Area-wide
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
Detached homes for sale in King City right now
- For sale now
- 64
- Median asking price
- $2.77M
- New in 7 days
- 4
- Price cuts
- 13%
Middle half: $2.2M to $4.04M
21 in 28 days
8 listings
This home is asking 14% below 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 | 750 m |
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 | 850 m | 68%Grade 6 average |
| Holy Name Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 1.1 km | 80%Grade 6 average |
| Father Frederick McGinn Catholic Elementary SchoolYork CDSB | Catholic · grades JK–8 | 3.6 km | 80%Grade 6 average |
| Académie de la MoraineConseil scolaire Viamonde | French-language public · grades JK–6 | 5.8 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| King City Secondary SchoolYork Region DSB | Public · grades 9–12 · French Immersion | 650 m | 54%Grade 9 math |
| ÉSC RenaissanceConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 4.7 km | 87%Grade 9 math |
| St Theresa of Lisieux Catholic High SchoolYork CDSB | Catholic · grades 9–12 | 5.5 km | 91%Grade 9 math |
| Cardinal Carter Catholic Secondary SchoolYork CDSB | Catholic · grades 9–12 | 6 km | 69%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
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Sold prices in King City are shown to signed-in members.