2 Heart Lake Circle N, King

$1,949,000
2 Heart Lake Circle N

$1,949,000

New
4d
Detached2-Storey

2 Heart Lake Circle N, King

Total Monthly Obligation $8,517

Beds
4
Baths
4
Park
2
Sqft
3000-3500
DOM
4d
Score
15
Yield
3.1%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-N14094808
Beds-4
Bathrooms-4
Size-3000-3500 sqft
Lot Size-45.83 × 104 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,364 (2025)
Parking-4 - Attached
Basement-Development Potential, Unfinished
Heating-Forced Air (Gas)
Brokerage-LISTO INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-None
Facing-West
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-King City
Title-Residential Freehold

No agent assigned

Welcome to 2 Heart Lake Circle, a truly exceptional corner-lot residence in the prestigious community of King City. Less than one year old, this stunning home showcases over $148,000 in premium builder upgrades, thoughtfully selected to enhance luxury, comfort, and functionality.Highlights include 11-foot ceilings on the main floor, 10-foot ceilings on the second level, a spectacular vented skylight flooding the upper hall with natural light, a covered rear loggia, and a private second-floor balcony accessed through French doors. Elegant architectural details such as a coffered foyer ceiling and a stunning 4-box waffle ceiling in the Great Room add sophistication and character throughout.The home is further enhanced with upgraded lighting, including numerous LED pot lights and illuminated staircase baseboard lighting, as well as custom touches such as shower niches in the principal and secondary ensuites. Positioned on a premium corner lot with no rear neighbours, this residence offers exceptional privacy and an abundance of natural sunlight. Located in one of York Region's most sought-after communities, enjoy convenient access to parks, trails, top-rated schools, shopping, dining, and major commuter routes. This is a rare opportunity to own an almost-new luxury home combining elegant design, exceptional upgrades, and a highly desirable King City location. A must-see property for discerning buyers seeking prestige, privacy, and modern living.

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Closing Costs

Mortgage Amount
$1,559,200
Land Transfer Taxes$35,455
Legal Fees (Est.)
$
Total cash required for closing$426,755

Total Monthly Obligation

$8,517/mo
Mortgage $7,862
Monthly Loss $6,448
Principal$2,069
Interest$5,793
Property Tax$280
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.4%16
10-Year IRR
7.7%
Returns Index
9.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$59,460/yr
NOI
$45,650/yr
Net Cash Flow
-$4,058/mo
Cash Margin
-81.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.7/ 100

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

Comparables

Properties near 2 Heart Lake Circle N

Time

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