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New2 days ago

102 - 38 Gandhi Lane

Commerce Valley, Markham

$550,000

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

Enjoy the highly sought-after grandeur of townhome-style living in this newer, premium condo unit with soaring 11-foot ceilings that create a house-like feel. This 1-bedroom plus den layout is equipped with two full washrooms. The spacious den easily serves as a private second bedroom or home office for busy professionals. This home delivers maximum comfort and privacy. It includes the ultimate convenience of a private secondary door opening straight to the street--perfect for guests and pet owners, say goodbye to lobby traffic and elevator wait time, also ideal for professionals, downsizers, pet lovers. Close to Hwy404 & 407, Time Square, Commerce Gate, Costco and New T&T and Groceries, Banks, Hotels, Restaurants, Schools. Check attachments for the 648sqft Floor Plans.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$391
LockerOwned
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,178
mls© NumberN14111360
Listed ByRE/MAX WEST REALTY INC.
Heat Included
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%
$2,815
Property tax
$182
Heat allowance
$150
Condo fees, half counted
$196
Housing costs
$3,342 / mo

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

Down payment20% · $110,000
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$110,000

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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