42 Banner Lane, King, ON L7B 1K2
King City, King · Near King Rd/Banner Lane · View map
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!
The home
- Type
- Backsplit
- Style
- Backsplit 5
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 5
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 9
- Basement
- Finished
- Lot size
- 71.4 x 197.6 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Attached
- Garage spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
- Parking features
- Private Double
Taxes & other
- Property taxes
- $8,272/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- 60-90
- Cross street
- King Rd/Banner Lane
- Neighbourhood
- King City
More
- Price per sq ft
- ~$654 (at 2,750 sq ft)
- Listed
- Mar 2, 2026 · 225 days ago
- MLS® number
- N12832422
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
42 Banner Lane, King, ON L7B 1K2
King City, King · Near King Rd/Banner Lane
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Listing history for 42 Banner Lane
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 42 Banner Lane
Answers come straight from this home’s MLS® listing.
How much is 42 Banner Lane listed for, and what would it cost each month?
42 Banner Lane is listed for $1,799,000. With 20% down ($359,800), the mortgage payment would be roughly $7,257 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,946 a month, all in. That figure is an illustration, not a quote.
Is 42 Banner Lane freehold or a condo, and is there a monthly fee?
42 Banner Lane is a backsplit in King City, King. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 42 Banner Lane have?
42 Banner Lane has 5 bedrooms and 3 bathrooms. The listing gives the style as backsplit 5.
Does 42 Banner Lane have a garage and parking?
Yes. The listing shows the garage as attached, with room for 2 cars. The driveway adds 4 spaces. In total the listing counts 6 parking spaces.
Does 42 Banner Lane have a finished basement?
The listing describes the basement as finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 42 Banner Lane?
42 Banner Lane is a backsplit. A backsplit has its levels staggered front to back: from the street it looks like a bungalow, with extra levels at the rear.
How big is 42 Banner Lane, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 71.4 x 197.6 ft.
How is 42 Banner Lane heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 42 Banner Lane?
Property taxes are $8,272 a year (2025), or about $689 a month.
Where is 42 Banner Lane?
42 Banner Lane is in the King City community of King. The nearest main intersection is King Rd/Banner Lane. The postal code is L7B 1K2.
How long has 42 Banner Lane been on the market?
42 Banner Lane was listed on March 2, 2026. It has been on the market for 225 days. It is an active listing (MLS® N12832422). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 42 Banner Lane asking?
Similar bungalow-style homes for sale nearby right now include 12727 Keele Street at $2,200,000 (3+1 bed), 14835 Jane Street at $1,950,000 (4+1 bed) and 111 Norman Drive at $1,788,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 42 Banner Lane sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 42 Banner Lane?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near King City, picked by style, size and price.
Backsplit$2,200,00012727 Keele Street, King3+1 bed · 3 bath · King CityCourtesy of: INTERCITY REALTY INC.View home →
Backsplit$1,950,00014835 Jane Street, King4+1 bed · 3 bath · Rural KingCourtesy of: ROYAL LEPAGE CITIZEN REALTYView home →
Sidesplit$1,788,000111 Norman Drive, King3 bed · 2 bath · King CityCourtesy of: CAPITAL NORTH REALTY CORPORATIONView home →Courtesy of: RE/MAX REALTRON REALTY INC.
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.