250 South Summit Farm Rd - 250 South Summit Farm Rd., King City 10.74 Acres of Residential Land Offered at $4,614,828 USD in King, ON L7B 1J8

Ideally located for new residential development or compatible uses and within a designated "settlement area," this land invites redevelopment. The local government has stated intentions to increase the percentage of high-density residential homes due to the community's access to mass transit (via the local GO station). In addition, this land is exceptionally situated near a major highway offering access to Toronto and Pearson International Airport. King City has been cited as having some of the most valuable real estate in Canada. This property showcases the unique balance of rural charm and access to urban amenities that give it its exceptional value. King's municipal government has determined that no additional residential development land will be added to King City's existing supply as designated in its Official Plan until at least 2051. Whether to buy and hold, utilize the existing Estate Residential designation to construct a luxury home in keeping with the existing character of King yet near amenities, or commence the redevelopment process, this land represents a disappearing opportunity within the GTA.