$598,800

For sale

#2308 12 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#2308 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

2 beds2 baths1 parking650 ft²$358/mo condo feeListed 38 days ago

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $598,800, it is attractively priced about 6% below the $638,888 median asking price in Markham. It has been on the market 38 days, fresher than the Markham average of 47 days.

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Description

Luxury & Spacious 1+Den Condo In Prestigious Pavilia Towers With Unbeatable Low Maintenance Fee, Located In A Highly Sought-After, Ultra-Convenient Neighborhood, Functional Open Concept Layout With 9' Ceilings, Floor-To-Ceiling Huge Windows Allowing Tons Of Natural Light To Flood The Space & Maximize The Breathtaking Unobstructed South Views Of The Toronto Skyline & CN Tower, Versatile Den With Sliding Door Can Be Used As A 2nd Bedroom, Home Office Or Guest Bedroom, The Modern & Sleek Kitchen With Quartz Countertops, Elegant Cabinetry, High-end B/I Appliances, Full Bathroom Updated With A New Smart Toilet, Enjoy The Top-tier Amenities Including Impressive Fitness Centre, A Stylish Lounge Area, A Sparkling Indoor Pool, And 24 Hour Concierge Service, Prime Markham/Thornhill Location, Easy Access To Everything You Need, Steps To Hwy 7, Viva Transit, Restaurants, Shopping, Parks And Minutes Driving To Hwy 404/407, Top Ranking Schools, Go Trains, And Many More, Perfect For End Users Or Investors! (id:66096)

Property Details

MLS®: N13833244
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $358/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,304.18/yr

Rooms

Flat

Living room: 3.5 x 3.56 meters
Dining room: 2.58 x 3.56 meters
Kitchen: 2.58 x 3.56 meters
Primary Bedroom: 3.33 x 2.73 meters
Den: 1.67 x 2.73 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, Range, Oven, Dryer, Microwave, Cooktop, Hood Fan, Window Coverings, Garage door opener remote(s)
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry, Guest Suite

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

38d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$922

List price

$599K

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 38 days, which is 9 days fresher than the city average of 47. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · CINDY SUN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $598,800, about 6.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $116,967 (20% down, 25-yr amortization, stress-tested) — roughly 23% 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)

$598,800· $922/ft²

For sale

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Full Cost Breakdown

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Down Payment5.82% · $34,880

Min 5.82%50%

Mortgage payment$3,126/mo

↳ CMHC premium ($22,557 capitalized)

Property tax (est.)$192/mo

Condo fee$358/mo

Total monthly$3,676

Cash Needed to Close

Down payment (5.82%)$34,880

Land transfer tax$8,451

Est. closing costs$4,296

Total cash needed$47,627

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