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Listed 20 days ago

1606 - 12 Gandhi Lane

Commerce Valley, Markham

$849,000

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

South Facing Sun-Filled, With Functional Layout Offers 908sqft Of Modern Living Space, Comes With Large Wrap-around Balcony. Featuring 9-foot Ceilings And Unobstructed Skyline Views. Open-concept Kitchen Equipped With Quartz Countertops, Built-in Appliances, High Quality Cabinetry. One Locker And 2 Parking Spaces (One Upgraded EV parking).

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$527
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$2,948
mls© NumberN13569066
Listed ByHOMELIFE FRONTIER REALTY INC.
Common Elements Included
CAC 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%
$4,346
Property tax
$246
Heat allowance
$150
Condo fees, half counted
$264
Housing costs
$5,005 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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