2955 16th Side Road, King

$2,088,000
2955 16th Side Road

$2,088,000

New
2d
DetachedBungalow

2955 16th Side Road, King

Total Monthly Obligation $9,524

Beds
4
Baths
3
Park
6
Sqft
2500-3000
DOM
2d
Score
14
Yield
2.6%
Cash on Cash
-11.9%
Cap Rate
2.0%
5Y IRR
6.2%
10Y IRR
7.4%
Property Type-Detached
MLS® Number-N14103668
Beds-4
Bathrooms-3
Size-2500-3000 sqft
Lot Size-252 × 394.58 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$8,716 (2025)
Parking-8 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Block
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural King
Title-Residential Freehold

No agent assigned

You don't just look at a property like 2955 16th Sideroad-you have to feel it. Two manicured acres of ultra-private land in King City, this is a masterclass in flexibility. Surrounded by multi-million dollar luxury estates, this location isn't just prestigious; it's an absolute goldmine of potential. The existing 4-bedroom, 3-bathroom bungalow features a walk-out basement with a separate side entrance, making it completely turnkey. Move right in, use it for steady holding income, or get comfortable while sketching your grand vision. The kitchen was tastefully renovated 10 years ago, offering an updated anchor to the home complemented by a versatile den, dedicated dining room, and timeless hardwood flooring. For country peace of mind, the property operates on well and septic, propane heating, and solar panels working in the background to offset your footprint. A functional covered porch adds perfect mudroom utility. But the real magic is the canvas. With 2 expansive acres, the options are endless. Build your custom mega-mansion, deploy a dream landscape architecture plan, or use the vast, ultra-private terrain to develop a premier hobby farm and homestead. If you value complete seclusion but refuse to compromise on a AAA+ location, you need to physically walk this property. Let your imagination run wild with the sheer scale of what's possible here. Live in it, lease it, or build it. Land this versatile on a street this exclusive doesn't wait around

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,670,400
Land Transfer Taxes$38,675
Legal Fees (Est.)
$
Total cash required for closing$457,775

Total Monthly Obligation

$9,524/mo
Mortgage $8,422
Monthly Loss $7,307
Principal$2,216
Interest$6,206
Property Tax$726
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.7%0
5-Year IRR
4.1%8
10-Year IRR
6.0%
Returns Index
5.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$53,892/yr
NOI
$35,287/yr
Net Cash Flow
-$5,482/mo
Cash Margin
-122.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
1.0 mo17
Risk Index
12.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2955 16th Side Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.