$535,000

For sale

#2310 12 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#2310 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

2 beds1 bath1 parking650 ft²$375/mo condo feeListed 18 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $535,000, it is attractively priced about 18% below the $649,000 median asking price in Markham. It has been on the market 18 days, fresher than the Markham average of 47 days.

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

Description

The Perfect 1 Bedroom + Den Condo At Pavilia Towers! * Bright And Spacious Unit With A Functional Open Concept Layout, 9 Ft Ceilings And Plenty Of Natural Light * Enjoy Beautiful West Facing Views From Your Private Balcony * Modern Kitchen With Quartz Countertops,Backsplash, Built In Appliances And Soft Close Cabinets * Large Primary Bedroom With A Spacious Walk In Closet * Separate Den Perfect For A Home Office * Modern Bathroom With Quartz Countertops And Floor Tiles * One Parking Space And One Locker Included * Great Building Amenities Including An Indoor Pool, Gym, Party Room And 24 Hour Concierge * Fantastic Location Close To Shops, Restaurants, Cafes And Everyday Essentials * Steps To Viva Transit And Minutes From Loblaws, Walmart, Commerce Gate, Times Square And Richmond Hill Centre * Easy Access ToHighway 7, 404 And 407 * A Great Place To Call Home! * (Some Photos Are Virtually Staged.) (id:66096)

Property Details

MLS®: N14090232
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $375/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,122/yr
Listed: 18 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Microwave, Cooktop, Window Coverings
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

18d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$824

List price

$535K

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 18 days, which is 29 days fresher than the city average of 47. Act while there is still low competition.

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Listed by RE/MAX EXPERTS · SEAN KARIMKHANI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $535,000, about 5.6× the local median household income of $95,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$535,000· $824/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$177/mo

Condo fee$375/mo

Total monthly$3,360

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$7,175

Est. closing costs$4,105

Total cash needed$39,780

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