Listed for:Listed Jan 1, 2026
$3,180,000

120 South Summit Farm Road

King (King City), ON L7B 1J8

Vacant Land For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
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Sale & Price History for 120 South Summit Farm Road, King, King City

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 120 South Summit Farm Road, King, King City

Summarized Description

  • Rare opportunity for prime acreage in King City.
  • Elevated land with scenic pond views.
  • Adjacent to ongoing residential development.
  • Private, unassumed road access.
  • Minutes from Hwy 400 and local amenities.
  • Located within coveted village boundaries.

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, unassumed road. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital and amenities. Kindly do not walk the property without listing agent. 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. The applicability of HST can only be determined by the parties' tax professionals taking into account all of the facts of a specific sale.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,208
Land Transfer Tax Fee
$65,975

Interior Features

Fireplace/Stove
No
Elevator
No

Building

Building Type
Land

Lot

Lot Front
331.44 ft
Lot Depth
624.17 ft
Lot Shape
Irregular

Heating & Cooling

Water
Other
Sewers
None

Municipality
King
Neighbourhood
King City
Main cross streets
Jane St. and South Summit Farm
Zoning
Residential Estate
Directions
South of King Rd. go east off Jane St. onto South Summit Farm Rd.

MLS® number
N12663638
Data source
Toronto Regional Real Estate Board
Listed on
2026-01-01
Updated on
2026-06-30
Days on market
297 days
Possession type
Flexible
Co-op commission
2.25%
Seller
Listed by
RE/MAX HALLMARK YORK GROUP REALTY LTD.

Home Market Value

Current home valuation for 120 South Summit Farm Road, King, King City, King, ON. Listed for $3,180,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 120 South Summit Farm Road, King, King City

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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King, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$636,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$2,544,000$2,385,000$2,226,000$2,067,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$12,421monthly$11,645monthly$10,868monthly$10,092monthly
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Land Transfer Tax

Provincial

$65,975

Total Land Transfer Tax

$65,975

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