$599,000

For sale

#3207 38 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#3207 38 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G9

2 beds2 baths1 parking650 ft²$403/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $599,000, it is attractively priced about 8% below the $649,000 median asking price in Markham. It has been on the market 8 days, fresher than the Markham average of 47 days.

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Description

Welcome to Prestigious Pavilia Towers by Times Group, ideally located at Highway 7 and Bayview Avenue. This spacious 1+1 bedroom unit features 9-foot ceilings and a functional layout. The den with a sliding frosted glass door can be used as a second bedroom. Enjoy an open-concept kitchen with stainless steel appliances, stone countertops, and backsplash. Residents have access to excellent amenities including a 24-hour concierge, indoor swimming pool, fully equipped fitness center, yoga studio, billiards room, ping pong, party room, children's playroom, and a landscaped BBQ terrace. Conveniently located steps to Viva Transit, with easy access to Highways 407 and 404, and close to restaurants, banks, shopping plazas, parks, and other daily conveniences. One parking space and one locker included. (id:66096)

Property Details

MLS®: N14119524
Property Type: Single Family
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, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $403/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,362.01/yr

Rooms

Flat

Living room: 3.66 x 3.58 meters
Dining room: 3.58 x 2.6 meters
Kitchen: 3.58 x 2.6 meters
Primary Bedroom: 3.43 x 2.75 meters
Den: 2.6 x 2.13 meters
Bathroom
Bathroom

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, Oven, Dryer, Blinds
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, 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

$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 8 days, which is 39 days fresher than the city average of 47. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · LOUIS WAI KEUNG SIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $599,000, about 6.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $117,006 (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)

$599,000· $922/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$197/mo

Condo fee$403/mo

Total monthly$3,727

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$8,455

Est. closing costs$4,297

Total cash needed$47,652

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