194 Martin Street, King

Price: $2,599,000

3 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: N13214106

Prime 2 Acre Building Lot In King For Sale! Rare Opportunity For Custom Builder Or To Build Your Dream Home. Current Home was Rentable But Requires Improvement, 3 Bedroom Home. Potential for severance into 2 - 70 ft lots. Land Value Only!!

194 Martin Street - Detached photo 1 of 1 in King, Ontario
active
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$2,599,000 - 194 Martin Street, King

Detached for Sale in King

33 days on market

Neighbourhood: King City

3Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
N13214106
Property Type
Detached
Status
active
Days on Site
33
Bedrooms
3
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
King
Listing Brokerage
INTERCITY REALTY INC.
Description

Prime 2 Acre Building Lot In King For Sale! Rare Opportunity For Custom Builder Or To Build Your Dream Home. Current Home was Rentable But Requires Improvement, 3 Bedroom Home. Potential for severance into 2 - 70 ft lots. Land Value Only!!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$11,496.25/mo

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5-yr fixed avg.

Principal: $2,079,200Interest: $1,369,676
Mortgage Amount$2,079,200
Total Interest$1,369,676
Est. Property Tax$1,841/mo
Total Cost$3,448,876

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: King City

Discover King City

King City is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in King City

  • Convenient location in King
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

King City offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

194 Martin Street, King

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
0.2%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$1,841
Insurance (est.)-$541
Net Cash Flow+$418

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $3713/sqft, this property is priced above the King average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in King are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About King City

I know King City well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    194 Martin Street, King | $2,599,000 | Battaglia Team