$552K · 1+1 bed Condo Apartment · King City, King

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About this home

King Terraces by Zancor Homes, offers everything you've been looking for and more Spacious open floor plan, the stunning natural light that fills each room, or the serene courtyard that's perfect for relaxing or entertaining. This exquisite South View 1-Bed plus Den, 2-bathroom defines luxury, boasting soaring 9-foot ceilings, a sleek modern interior with premium plus Den decor upgrades. Upgrades Include panel ready fridge and dishwasher, quartz countertop with matching slab backsplash and batte…

Property details

MLS#

N13157696

Status

Buy Now

Property class

Residential Condo & Other

Beds

1+1

Baths

2 full, 0 half

Rooms

Kitchens

Size

600-699Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

Approx. New yrs

Occupancy: Vacant
Washrooms: 4 pc · Flat; 3 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: No

Property features: Electric Car Charger, Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre

Condo corp #: 1598
Balcony: Terrace
Locker: Owned
Association amenities: Guest Suites, Gym, Indoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden, Sauna
Fees include: Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: King Rd. & Keele St.
Stories: 1
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: —

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $552,204✓ $0 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,564/mo

incl. closing costs (yr 1)

Annual total

$54,766

year 1

Mortgage only

$2,095/mo

principal + interest

Beyond mortgage

$1,384/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$110,441

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$0/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,522/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$41/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,519

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)46% $25,139/yr

Property taxes14% $7,519/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,522/yr

Condo fees11% $5,926/yr

Closing costs9% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,139	$2,095/mo
Government & taxes
Land transfer tax(closing)	$7,519	$627/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,522	$460/mo
Condo fees
Condo / HOA fees	$5,926	$494/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$54,766	$4,564/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs