$578,000 - 38 Gandhi Lane Unit 2615, Markham
Condo for Sale in Markham
- MLS Number
- N13198408
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK MAXX & AFI GROUP REALTY
Welcome to this stunning 1+Den suite on the 26th floor, offering a bright and spacious 648 sq ft layout with stylish finishes and a highly functional floor plan. Enjoy unobstructed north-facing views that provide beautiful natural light throughout the day while keeping the home comfortably cool in the summer. Completed in 2022, this modern building offers contemporary design, top-tier amenities, and exceptional convenience. The open-concept living and dining area is ideal for both everyday comfort and entertaining, featuring a seamless flow that leads to the private balcony. The kitchen showcases sleek cabinetry, stainless steel appliances, and efficient use of space. The bedroom offers excellent proportions and a large window, making it both bright and relaxing. A standout feature of this unit is the enclosed den-complete with two sliding doors-providing privacy and versatility rarely found in newer condos. The den can easily function as a second bedroom or office/quiet study space, making this home suitable for professionals, small families, or anyone seeking extra room. Additional features include in-suite laundry, a modern bathroom, quality finishes, and a welcoming foyer area. Residents enjoy access to excellent building amenities such as a fitness center, party room, concierge, visitor parking, and more-perfect for today's urban lifestyle. Located in a highly desirable area, you're minutes from transit, shopping, restaurants, parks, and daily conveniences. Whether you're a first-time buyer, investor, or downsizer seeking comfort and modern living, this 1+Den suite offers outstanding value, a smart layout, and a prime location in one of the city's most vibrant communities.
Estimate your monthly payments for this property
Estimated Payment
$2,965.44/mo
Includes CMHC insurance ($16,126)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
38 Gandhi Lane Unit 2615, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $963/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 19 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,408 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.