$1,389,000 - 57 Gandhi Lane, Markham
Condo for Sale in Markham
137 days on market- MLS Number
- N12700904
- Property Type
- Condo
- Status
- active
- Days on Site
- 137
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- POWER 7 REALTY
A 4 Bedrooms, 4.5 Bathrooms townhouse situated in Markham sought-after Bayview & Hwy 7 area. Designed with high-end finishes and bright, open spaces, this home offers both elegance and functionality. This 3 storey townhouse features 3 spacious bedrooms on the upper floor and 1 extra bedroom on the ground floor, perfect for home office or in-law suite. The luxurious primary suite includes an ensuite with a large glass shower and a private balcony, while two additional bedrooms share a sleek full bathroom. 9ft ceilings on the ground, second, and third floors, complemented by an open-concept on the main level. The kitchen is equipped with quartz countertops and backsplash, a large island, built-in stainless steel oven, microwave, cooktop, dishwasher, wine fridge, and a walk-in pantry. The bright breakfast area leads to a spacious private terrace with a gas BBQ hookup. The basement is fully finished with hardwood flooring and an additional bathroom. Spacious laundry room in the basement. Approx 2640sqft. An oak staircase with iron pickets, smooth ceiling, crown moulding, smart thermostat, security camera and security system and numerous pot lights. A double-car garage with fresh epoxy floor and painted wall, plus two extra driveway parking spaces. This unit has its own front porch. Walking distance to VIVA Bus stop, restaurants, bank and shopping. Easy access highway 404 and 407. Maintenance include internet, landscaping, snow removal, building exterior maintenance.
Estimate your monthly payments for this property
Estimated Payment
$6,144.02/mo
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.
57 Gandhi Lane, 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
Competitive Pricing
At $695/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 137 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $5,788 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.