Skip to content
1 / 8
For saleMLS® N12659908

120 South Summit Farm Road, King, ON L7B 1J8

King City · L7B 1J8

$3,180,000

10 months on market

Lot
331.44 × 624.17 ft

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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 road. Minutes to Hwy 400, Canada's Wonderland, Cortellucci Vaughan Hospital and amenities. Copy of original Plan of Subdivision available in lieu of survey. 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.

Features

  • None

Property details

Property

Property type
vacant land
Lot size
331.44 × 624.17 ft
Possession
TBA

Interior

Heating
Other · Other
Exposure
North

Exterior & services

Sewer
Other

Costs

List price
$3,180,000
Property taxes
$4,208 / year (2025)

Listing

MLS® number
N12659908
Status
For sale
Listed
January 4, 2026
Days on market
304
Last updated
June 30, 2026
Listing brokerage
RE/MAX HALLMARK YORK GROUP REALTY LTD.

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 44% of comparable vacant land listings in King are asking less.

$1.43MMedian $3.25M$7.38M

Based on 39 comparable active vacant land listings in King. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $636,000
$636,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$14,066.21
Property tax (est.)
$350.69
Estimated monthly
$14,417

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$65,975
Total due on closing
$65,975

An estimate on the asking price of $3,180,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX HALLMARK YORK GROUP REALTY LTD.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$3,180,000

Contact Book a viewing

Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

Unlock nearby sold prices

Free. Takes about twenty seconds.

Similar properties nearby

More in King City