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Home · Buy · King · 42 Banner Lane, King, ON L7B 1K2
42 Banner Lane, King, ON L7B 1K2
42 Banner Lane, King, ON L7B 1K2
42 Banner Lane, King, ON L7B 1K2
42 Banner Lane, King, ON L7B 1K2
42 Banner Lane, King, ON L7B 1K2+ 24 photos
For Sale · Detached

42 Banner Lane, King, ON L7B 1K2

King · King City
Backsplit 5Finished basementAttached garageWest exposure
5
Beds
3
Baths
6
Parking
2500-3000
Sq ft
—
Built
The honest picture
List price
$1,799,000
Renavu Estimate
—
Benchmark · Detached
$2,111,600
Listed 15% below the King City benchmark for detached homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.

About this home

Exceptional Opportunity in Kings Prestigious Neighborhood, Highly sought-after area of King City on an expansive pie-shaped lot, approximately 200 feet deep with a 135-foot-wide rear yard. Surrounded by multi-million-dollar estates, this expansive and private parcel offers the perfect canvas to build your dream home in a serene and established enclave. This large Backsplit 5 features 4 bedrooms and 3 bathrooms, offering a spacious layout perfect for a growing family. Just steps from public transit, the community center, scenic hiking trails, and top private and public schools, this home provides both convenience and tranquility. With 2 kitchens, a wet bar, and a huge cold room, this home is ideal for multi-generational living. The beautifully fenced backyard boasts a vegetable garden, fruit trees, and a variety of perennial flowers and shrubs, along with a garden shed for additional storage. This is a prime opportunity for builders looking to renovate or build on this oversized lot in a prestigious neighborhood. Don't miss out on this exceptional property!

Property details

Listed on
March 2, 2026
Days on market
144 days
Property tax
$8,272 (2025)
Lot
71.36 × 197.59 Feet
Style
Backsplit 5
Heating
Forced Air
Cooling
Central Air
MLS®
N12832422

Full details

Parking
GarageAttached
Total parking6
Parking featuresPrivate Double

Room dimensions

RoomLevelDimensionsFeatures
Living RoomMain4.37 × 4.6Hardwood Floor, Crown Moulding, Window
Dining RoomMain4.37 × 3.5Hardwood Floor, Crown Moulding, Window
KitchenMain2.62 × 3.57Ceramic Floor, Eat-in Kitchen, Window
BreakfastMain3.6 × 3.57Ceramic Floor
Primary BedroomUpper4.17 × 4.85Hardwood Floor, Walk-In Closet(s), 3 Pc Ensuite
Bedroom 2Upper3.86 × 3.14Hardwood Floor, Closet, Window
Bedroom 3Upper3.69 × 3.16Hardwood Floor, Closet, Window
Bedroom 4In Between3.68 × 3.09Hardwood Floor, Closet, Window
SittingIn Between3.62 × 3.88Parquet, Fireplace, Window
Family RoomIn Between6.57 × 3.89Parquet, W/O To Garden
Bedroom 5In Between3.6 × 3.8Ceramic Floor, Window
RecreationBasement6.7 × 4.56Ceramic Floor, Wet Bar, Window
KitchenBasement6.7 × 3.61—

Property & sold history

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Run the numbers

True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
Homes over $1.5M require a minimum 20% down payment.
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$32,455
Legal · title · inspection$2,800
Closing costs$35,255
Down payment$359,800
Total cash to close$395,055
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
$1,799,000
MLS® N12832422 · Listed by RE/MAX REALTRON REALTY INC.
Call The Renavu Team
Shan Perinpanathan
Shan Perinpanathan
Real Estate Broker, ABR, SRS
416.655.4040
Pam Thiyagarajah
Pam Thiyagarajah
Sales Representative
416.436.0546
Ragu Rajaguru
Ragu Rajaguru
Real Estate Broker
416.712.2006
One team. No spam. We reach out once — when you ask.

Listing courtesy of RE/MAX REALTRON REALTY INC.. Presented by Royal LePage Ignite Realty, Brokerage. Data provided by TRREB — deemed reliable but not guaranteed; for consumers' personal, non-commercial use. Listing information last updated March 7, 2026.

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