$599,000

$628,000For salePrice drop↓ $29,000 (5%)

#3703 12 Gandhi Lane, Markham (Commerce Valley) - Single Family for Sale

#3703 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

2 beds2 baths1 parking650 ft²$368/mo condo feeListed 107 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.

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Description

Welcome to Pavilia Towers, a luxury condo offering modern design and exceptional convenience. This bright unit features approximately 10-ft smooth ceilings and a functional 1 Bedroom + Den layout. The den comes with a sliding door and can easily be converted into a second bedroom, perfect for a home office or guest space. The spacious primary bedroom features a 3-pc ensuite, offering comfort and privacy. The Balcony is 104 sq ft, with glass panels on both sides providing added privacy. Enjoy top-tier amenities including a fitness centre, indoor pool, games room, kids' play room, and 24-hour concierge.Ideally located close to Hwy 407 & Hwy 404, and steps to the future T&T Supermarket, with shopping, dining, and transit nearby.Perfect for end-users or investors seeking luxury living in a prime location. (id:66096)

Property Details

MLS®: N13588424
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, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $368/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,368.9/yr

Rooms

Flat

Living room: 3.62 x 4.45 meters
Dining room: 3.62 x 2.6 meters
Kitchen: 3.62 x 2.6 meters
Primary Bedroom: 3.14 x 2.74 meters
Den: 3.01 x 2.01 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, Oven, Dryer, Cooktop
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

107d

Markham (Commerce Valley) listings, avg age

48d

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) 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 BAY STREET GROUP INC. · RENA ZHOU

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$368/mo

Total monthly$3,693

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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