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New7 days ago

3806 - 12 Gandhi Lane

Commerce Valley, Markham

$625,000

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

A Beautiful high floor and high ceiling 1+Den with 2 full baths unit located at the centre of Richmond Hill! The unit features an optimized open concept layout with an unobstructed west facing view that has great natural flowing light. The fully enclosed den has a sliding door making it extremely versatile and can be used as a home office, guest bedroom or a gaming room. Modern kitchen boosts a stylish yet practical and spacious centre island that doubles as a dining table providing a custom fit for the unit that flows seamlessly into the living and dining area. Not to mention a quartz stone counter top with quality finishes adding a touch of elegance to your everyday. The primary bedroom includes a 3-pc ensuite bathroom and a spacious closet space. This unit is further complemented by a second full 4-pc bathroom for added convenience when receiving guests. Located at the heart of Richmond Hill and just minutes away from Public Transit, Restaurants, and Retail Shopping. Easy access to Highways 404 & 407. This is a fantastic opportunity for end-users and investors alike looking for style, comfort and convenience in an established community.

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864

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$383
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,427
mls© NumberN13711086
Listed ByFIRST CLASS REALTY INC.
Heat Included
CAC 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%
$3,199
Property tax
$202
Heat allowance
$150
Condo fees, half counted
$191
Housing costs
$3,743 / mo

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

Down payment20% · $125,000
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,630 / mo
Cash down
$125,000

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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