$729,000

$759,000For salePrice drop↓ $30,000 (4%)

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#1212 38 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#1212 38 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G9

2 beds2 baths parking

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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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$729,000

Markham

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$489/mo condo fee

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 850 sq ft of space.

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

Description

Modern and very well maintained north-west Bright corner unit with 835SF, Great layout, 9' ceilings, open-concept living/dining area, excellent natural view. Luxury building amenities include 24-hour concierge, indoor pool, guest suites, gym. Step to public transit, parks, dining, bank. minus to Langstaff GO, Hwy 7/407, schools and shopping. Includes 1 parking space and 1 locker. (id:66096)

Property Details

MLS®: N13765686
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Condo Fee: $489/mo
Fee Includes: Common Area Maintenance, Heat, Parking
Ownership: Condo/Strata
Property Tax: $2,703.6/yr
Listed: 55 days ago

Rooms

Flat

Kitchen: 3.58 x 3.2 meters
Dining room: 3.58 x 3.2 meters
Living room: 3.58 x 3.2 meters
Primary Bedroom: 3.05 x 3.28 meters
Bedroom 2: 2.97 x 2.74 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Oven - Built-In, Hood Fan, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$858

List price

$729K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CENTURY 21 KING'S QUAY REAL ESTATE INC. · BECKY YANG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $729,000, about 7.7× the local median household income of $95,000.

Carrying it typically needs a household income of about $142,399 (20% down, 25-yr amortization, stress-tested) — roughly 50% 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)

$729,000· $858/ft²

For sale

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Full Cost Breakdown

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Down Payment6.57% · $47,900

Min 6.57%50%

Mortgage payment$3,776/mo

↳ CMHC premium ($27,244 capitalized)

Property tax (est.)$225/mo

Condo fee$489/mo

Total monthly$4,490

Cash Needed to Close

Down payment (6.57%)$47,900

Land transfer tax$11,055

Est. closing costs$4,687

Total cash needed$63,642

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