| Common Elements Included | |
| Building Insurance Included |
Listed 8 days ago
509 - 38 Gandhi Lane
Commerce Valley, Markham
$768,000
Condo Apartment |
2 | 2 | 1 | 1
About this home
905 Sq.Ft. two-bedroom, two-bathroom unit faces south & west, boasting soaring 9-foot ceilings & a functional layout. Enjoy a spacious 309 Sq.Ft balcony accessible from the Living room and Primary bedroom. The modern kitchen features built-in appliances, upgraded quartz countertops& backsplash. With Viva Transit at your doorstep & easy access to Highway 407/404, convenience is unmatched. Nearby, you'll find restaurants, banks & plazas. This unit includes ONE (1) Parking & ONE (1) Locker for added convenience.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 0-5 |
| Size | 900-999 sq. ft. |
| Maintenance Fees | $483 |
| Locker | Owned |
| Balcony | Open |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $2,949 |
| mls© Number | N13832146 |
| Listed By | KW Living Realty |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,931
- Property tax
- $246
- Heat allowance
- $150
- Condo fees, half counted
- $241
- Housing costs
- $4,568 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $153,600
25-yr amortization
Income needed
$141,000
gross annual household income
- Payment at 4%
- $3,232 / mo
- Cash down
- $153,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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