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New5 days ago

3508 - 12 Gandhi Lane

Commerce Valley, Markham

$499,000

Condo Apartment |
1 + 1 | 2 | 1 | 1
About this home

Absolutely stunning 1-bedroom + den / 2 Washroom condo in a high-demand location. Featuring an open-concept design with an excellent layout and move-in-ready condition. The den with sliding doors is perfect as a second bedroom or home office. Enjoy 9' ceilings on a high floor with abundant natural light from the south-facing exposure, plus CN Tower views from the private balcony. Modern kitchen with built-in appliances, quartz countertops and backsplash, laminate flooring throughout, and a frameless glass shower. 24-hour concierge and excellent recreational facilities. Conveniently located close to schools, parks, public transit, GO Train, plazas, restaurants, banks, and Highways 7/404/407.

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agent
Macallum Tepsich
(647) 326-2579

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size600-699 sq. ft.
Maintenance Fees$358
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,304
mls© NumberN13839228
Listed ByFIRST CLASS REALTY INC.
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,554
Property tax
$192
Heat allowance
$150
Condo fees, half counted
$179
Housing costs
$3,075 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,800
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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