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King City · Selling · Condo
Boutique 6-storey luxury condominium in prestigious King City.
Minutes to King GO Station, Highway 400 & Highway 404.
Close to parks, golf courses, top schools, restaurants & shopping
Spacious modern suites with premium finishes and elegant amenities
King Terraces offers an exceptional collection of lifestyle amenities designed for comfort, wellness, and social living. Residents will enjoy a fully equipped fitness centre, elegant party lounge, rooftop terrace with outdoor seating, landscaped gardens, co-working spaces, concierge service, and secure underground parking, all within a boutique luxury community.
Contemporary open-concept floor plans
Designer kitchens with premium cabinetry
Quartz countertops and stylish backsplashes
Stainless steel kitchen appliances
Energy-efficient heating and cooling
Smart home features (as per plan)
Private balconies or terraces on selected suites
$10,000 on Signing
Balance to 5% in 30 Days
5% on Occupancy
Extended Deposit Structure
Free Assignment
Right to Lease During Occupancy
Capped Development Charges
Modern Appliance Package
Parking & Locker Options Available
Located at 2075 King Road in King City, King Terraces places residents close to everyday essentials and natural attractions. Enjoy easy access to King GO Station, Highway 400, Vaughan Mills, Canada's Wonderland, Seneca College King Campus, King Township trails, prestigious golf clubs, restaurants, boutique shopping, and excellent public and private schools.
Zancor Homes is an award-winning Ontario homebuilder with over 30 years of experience creating exceptional communities across the Greater Toronto Area. Known for innovative design, quality craftsmanship, and customer satisfaction, Zancor has built a reputation for delivering stylish homes and condominiums in highly desirable neighbourhoods while maintaining the highest standards of construction and value.
Vik Paul
Salesperson
Intercity Realty Inc.
3600 Langstaff Rd #14, Woodbridge, ON L4L 7E9
Vik is a recognized leader in the pre-construction sector, known for a disciplined, data-first approach to early-stage project development. By seamlessly bridging the gap between market analytics, architectural vision, and financial feasibility, Vik ensures every project is positioned for maximum market absorption and profitability. The pre-construction market moves fast. Staying ahead requires a mix of historical data, current market intelligence, and forward-looking intuition. Get the Inside Track Are you looking for a competitive edge on upcoming developments or macro market trends? Connect with Vik to unlock exclusive insights.
Tarion is Ontario's new home warranty program. Every new home from a registered builder comes with warranty coverage: deposit protection if the builder can't close, one-year coverage for defects in work and materials, two-year coverage for things like plumbing, electrical, and water penetration, and seven-year coverage for major structural defects. Coverage starts at closing and stays with the home even if you sell.
It depends on the price and type of home. For a new freehold home priced at $600,000 or less, up to $60,000 of your deposit is covered — so a $60,000 deposit on a $550,000 home is fully protected. Above $600,000, coverage is 10% of the purchase price to a maximum of $100,000. Condos work differently, with two layers: the Condominium Act requires the builder to hold your deposit in a trust account, and if for any reason it wasn't placed in trust, Tarion adds up to $20,000 in protection on top. One recent change worth knowing: as of April 1, 2026, freehold buyers must register their purchase with Tarion within 45 days of signing to qualify for maximum deposit coverage.
The HCRA (Home Construction Regulatory Authority) is the Ontario regulator that licenses everyone who builds or sells new homes. A builder must be HCRA-licensed and the project enrolled with Tarion before they can legally sell to you. You can look up any builder's licence, history, and past projects for free in the Ontario Builder Directory on the HCRA website.
Search the Ontario Builder Directory (run by the HCRA) for the builder's name. Their profile shows licence status, years active, homes built, and any convictions or conditions. It takes two minutes and I recommend it before signing any pre-construction agreement.
It's the period when your unit is ready to live in but the building isn't legally registered yet, so you can't get a mortgage or take title. You pay the builder a monthly occupancy fee (roughly rent-like: interest on the unpaid balance, estimated taxes, and maintenance) until final closing. Interim occupancy can last several months.
Beyond the purchase price, budget for development charges and levies (often capped in your agreement — ask), Tarion enrolment fee, utility hookups, legal fees, and land transfer tax (Toronto adds a second municipal tax). HST is usually included in the price for personal-use buyers; investors may pay it up front and claim the rental rebate.
For new condos in Ontario, you get a 10-day cooling-off period to cancel for any reason with a full deposit refund. Freehold homes don't get this period. After the cooling-off ends, the agreement is binding — this is why a lawyer review during those 10 days is essential.
Delays are common, and your agreement sets out permitted extensions with required notice. If the builder misses deadlines beyond those limits, Tarion's delayed-closing coverage may entitle you to compensation. If a project is cancelled outright, your deposit may be returned with interest, subject to Tarion's deposit protection rules and the terms of your agreement.
Possibly — two temporary programs are in place. If you sign a purchase agreement between April 1, 2026 and March 31, 2027, you may qualify for a rebate of the full 13% HST on a new home valued up to $1 million — up to $130,000 in combined provincial and federal relief — with the maximum held at $130,000 for homes up to $1.5 million and reduced amounts up to $1.85 million. Eligibility rules apply, so confirm what you qualify for with your lawyer or accountant before counting on the rebate.