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$589K · 1+1 bed Condo Apartment · Commerce Valley, Markham | MyPropertyScout

$589,000

Unit 2615

1+11Vacant

Map

$589,000

A●●●○○

Unit 2615

38 Gandhi Lane · Markham · Ontario L3T 0G9

MLS® N12955284 · Commerce Valley · L3T 0G9

1+11Vacant600-699 ft²Condo Apartment1-car Underground$907/ft²$2,192 tax/yrBuilt 20233 yrs old

10% below market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

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 comfo…

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Property details

MLS#: N12955284
Status: Buy Now
Beds: 1+1
Baths: 1 full, 0 half
Size: 600-699
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Clear View, Place Of Worship, Public Transit, School Bus Route, Rec./Commun.Centre

View: Clear

Condo corp #: 1516
Balcony: Open
Locker: Owned
Association amenities: Exercise Room, Party Room/Meeting Room, Elevator, Game Room, Guest Suites, Gym
Fees include: Heat Included, CAC Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Highway 7 and Bayview
Basement: None
Stories: 22
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Rooms

Level	Room	Dimensions
Flat	Living Room	3.62712m × 3.048m
Flat	Dining Room	3.62712m × 3.048m
Flat	Kitchen	3.62712m × 2.62128m
Flat	Primary Bedroom	2.7432m × 4.05384m
Flat	Den	2.01168m × 2.40792m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX HALLMARK MAXX & AFI GROUP REALTY

Source: TRREB/PROPTX · MLS® N12955284

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$589K

Unit 2615 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $589,000✓ $2,192 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,844/mo

incl. closing costs (yr 1)

Annual total

$58,125

year 1

Mortgage only

$2,234/mo

principal + interest

Beyond mortgage

$1,463/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$117,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$183/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,890/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$30/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,255

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)46% $26,814/yr

Property taxes18% $10,447/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $5,890/yr

Condo fees7% $4,314/yr

Closing costs9% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,814	$2,234/mo
Government & taxes
Property tax	$2,192	$183/mo
Land transfer tax(closing)	$8,255	$688/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,890	$491/mo
Condo fees
Condo / HOA fees	$4,314	$360/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$58,125	$4,844/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 2615

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs