12 Gandhi Lane Unit 3607, Markham

Price: $1,999,000

4 bedrooms, 3 bathrooms

1,600 sqft

Property Type: Condo

MLS#: N13564632

Experience elevated living at Suite 3607, 12 Gandhi Lane, a luxury residence in the highly sought-after Commerce Valley community. Offering approximately 1,645 sq.ft. of thoughtfully designed living space, this exceptional home features soaring 10-ft ceilings, expansive floor-to-ceiling windows, and a bright open-concept layout filled with natural light. The functional floor plan offers 3 spacious bedrooms plus a versatile den, ideal as a home office, guest room, or fourth bedroom. The primary and second bedrooms each feature their own private 3-piece ensuite, providing exceptional comfort and privacy. The well-appointed kitchen is equipped with quality appliances, ample cabinetry, and generous counter space, seamlessly connecting to the living and dining areas. This suite also offers two private outdoor living spaces, including a generous 114 sq.ft. balcony off the living area and an additional 34 sq.ft. balcony with direct access from the primary bedroom, perfect for relaxing or entertaining. Residents enjoy an outstanding selection of amenities, including an indoor pool, fitness centre, party room, library, rooftop terrace with BBQ facilities, concierge, and more. Ideally located just steps to Richmond Hill Centre Terminal, Viva, GO Transit, restaurants, cafés, shopping, parks, and everyday conveniences, with quick access to Highways 404 & 407, this exceptional residence offers the perfect combination of luxury, comfort, and convenience.

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$1,999,000 - 12 Gandhi Lane Unit 3607, Markham

Condo for Sale in Markham

40 days on market

Neighbourhood: Commerce Valley

4Beds
3Baths
1,600Sq Ft
Condo
Property Details
MLS Number
N13564632
Property Type
Condo
Status
active
Days on Site
40
Bedrooms
4
Bathrooms
3
Square Feet
1,600 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
South West
Balcony
Open
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Experience elevated living at Suite 3607, 12 Gandhi Lane, a luxury residence in the highly sought-after Commerce Valley community. Offering approximately 1,645 sq.ft. of thoughtfully designed living space, this exceptional home features soaring 10-ft ceilings, expansive floor-to-ceiling windows, and a bright open-concept layout filled with natural light. The functional floor plan offers 3 spacious bedrooms plus a versatile den, ideal as a home office, guest room, or fourth bedroom. The primary and second bedrooms each feature their own private 3-piece ensuite, providing exceptional comfort and privacy. The well-appointed kitchen is equipped with quality appliances, ample cabinetry, and generous counter space, seamlessly connecting to the living and dining areas. This suite also offers two private outdoor living spaces, including a generous 114 sq.ft. balcony off the living area and an additional 34 sq.ft. balcony with direct access from the primary bedroom, perfect for relaxing or entertaining. Residents enjoy an outstanding selection of amenities, including an indoor pool, fitness centre, party room, library, rooftop terrace with BBQ facilities, concierge, and more. Ideally located just steps to Richmond Hill Centre Terminal, Viva, GO Transit, restaurants, cafés, shopping, parks, and everyday conveniences, with quick access to Highways 404 & 407, this exceptional residence offers the perfect combination of luxury, comfort, and convenience.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,842.25/mo

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5-yr fixed avg.

Principal: $1,599,200Interest: $1,053,475
Mortgage Amount$1,599,200
Total Interest$1,053,475
Est. Property Tax$1,416/mo
Total Cost$2,652,675

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.

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Neighbourhood Guide: Commerce Valley

Discover Commerce Valley

Commerce Valley 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 Commerce Valley

  • Convenient location in Markham
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Commerce Valley 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.

70
Walk Score
Varies
Price Range

12 Gandhi Lane Unit 3607, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,640/mo
Range: $3,094 - $4,186
Cap Rate (ROI)
0.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,640
Maintenance Fees-$1,040
Property Tax (est.)-$1,416
Insurance (est.)-$416
Net Cash Flow+$768

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1249/sqft, this property is priced above the Markham average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 40 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.

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 3 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.

About Commerce Valley

I know Commerce Valley well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    12 Gandhi Lane Unit 3607, Markham | $1,999,000 | Battaglia Team