$550,000

#1001 37 Galleria Pkwy, Markham (Commerce Valley), Ontario, L3T0A3

For saleJust listed

Today

$488K

#1001 37 Galleria Pkwy, Markham (Commerce Valley), Ontario, L3T0A3

2 bd1 ba1 pk650 ft²+$524/mo

Listed by CENTURY 21 ATRIA REALTY INC.

#1208 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

For saleJust listed

2 days ago

$600K

#1208 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

2 bd2 ba1 pk650 ft²+$358/mo

Listed by HOMELIFE NEW WORLD REALTY INC.

#318 273 SOUTH PARK Road, Markham (Commerce Valley), Ontario, L3T0B5

For saleJust listed

3 days ago

$529K

#318 273 SOUTH PARK Road, Markham (Commerce Valley), Ontario, L3T0B5

2 bd1 ba1 pk650 ft²+$549/mo

Listed by FIRST CLASS REALTY INC.

52 South Park Road, Markham (Commerce Valley), Ontario, L3T0G6

For saleJust listed

4 days ago

$1.24M

52 South Park Road, Markham (Commerce Valley), Ontario, L3T0G6

4 bd5 ba4 pk2,125 ft²+$349/mo

Listed by LOYALTY REAL ESTATE

Investment analysis

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$550,000

Markham

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#102 38 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#102 38 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G9

2 beds2 baths1 parking650 ft²$391/mo condo feeListed 9 days ago

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $550,000, it is attractively priced about 15% below the $649,000 median asking price in Markham. It has been on the market 9 days, fresher than the Markham average of 47 days.

Condos for Sale in Markham →All real estate in Markham →

Description

Enjoy the highly sought-after grandeur of townhome-style living in this newer, premium condo unit with soaring 11-foot ceilings that create a house-like feel. This 1-bedroom plus den layout is equipped with two full washrooms. The spacious den easily serves as a private second bedroom or home office for busy professionals. This home delivers maximum comfort and privacy. It includes the ultimate convenience of a private secondary door opening straight to the street--perfect for guests and pet owners, say goodbye to lobby traffic and elevator wait time, also ideal for professionals, downsizers, pet lovers. Close to Hwy404 & 407, Time Square, Commerce Gate, Costco and New T&T and Groceries, Banks, Hotels, Restaurants, Schools. Check attachments for the 648sqft Floor Plans. (id:66096)

Property Details

MLS®: N14111360
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $391/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,178/yr
Listed: 9 days ago

Rooms

Ground level

Kitchen: 4.27 x 2.75 meters
Bedroom: 3.66 x 4.27 meters
Bedroom 2: 2.44 x 2.44 meters
Bathroom: 1.53 x 2.75 meters
Bathroom: 1.53 x 2.75 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Oven - Built-In
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$847

List price

$550K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Markham (Commerce Valley) has been listed for 9 days, which is 38 days fresher than the city average of 47. Act while there is still low competition.

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Listed by RE/MAX WEST REALTY INC. · FRANK LEO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $550,000, about 5.8× the local median household income of $95,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 13% above the area median.

Median household income: $95,000
Population: 50,405
Median age: 47.2
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3T)

$550,000· $847/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$182/mo

Condo fee$391/mo

Total monthly$3,456

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice