12 Gandhi Lane, Unit 7, Markham, ON

$668,000
MLS#:N12114459
2 beds
2 baths
600-699 sqft
1.0 parking
Residential Condo & Other
Loading property media...
⚠️

Property no longer active

This property was sold on June 27, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Commerce Valley. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $668,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free, Countertop Range
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this stunning 1+Den unit, offering modern living with breathtaking, unobstructed views! Can see CN Tower in Downtown Toronto on a good weather day! Located in a highly sought-after, ultra-convenient neighbourhood, this luxury building provides easy access to everything you need! 404/407/Hwy 7, top ranking schools, restaurants, parks, shops, Viva Bus, Go Train and many more, all just steps away. This building features a consistently high rental rate(currently around $2600) due to it's wide range of top-tier amenities including impressive fitness centre, a stylish lounge area, a sparkling indoor pool, and 24 hr concierge service and also it's location advantages. The bright and spacious interior features an open-concept living area with 9ft ceiling and huge windows, allowing natural light to flood the space and maximize the stunning views. The versatile den offers the perfect spot for a kid's bedroom or home office, guest room, or additional storage. The sleek kitchen boasts high-end B/I appliances, elegant cabinetry, and plenty of counter space, making it a chefs dream. The primary bedroom offers a peaceful retreat, while the 2 separate well-appointed bathroom features modern fixtures and finishes. Great South facing balcony! Don't miss out on this incredible opportunity to own this suite! Motivated Sellers!

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Property Summary

This condo apartment located at 12 Gandhi Lane, Markham is currently for sale and has been available on SousaSells for 442 days. This property is listed at $668,000 with an estimated mortgage of $2,224* per month. It has 2 beds, 2 bathrooms, and is 600-699 square feet. 12 Gandhi Lane, Markham is in the Commerce Valley neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJune 27, 2025
Sold price information is available to members only
Listed Date5/1/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyYork
Annual Tax$2,116.24

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Public Transit, School Bus Route

Interior Features

Auto Garage Door Remote, Carpet Free, Countertop Range, Guest Accommodations

Security Features

Community Features

Location

Initializing map...
12 Gandhi Lane, Unit 7, Markham, ON
Loading local market trends...

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 12 Gandhi Lane 2308, Markham, ON L3T 0G8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Markham.

Configure Loan Settings

Interest Rate4.00%
Down Payment$200,400 (30.0%)
* Minimum Canadian down payment required for this price is $41,800.
Amortization Period30 Years
Estimated Monthly Payment$2,224Based on a loan of $467,600 over 30 years.
Purchase Price$668,000
Loan Amount$467,600
Provincial Land Transfer Tax:$9,835
Total Estimated Closing Taxes:$9,835

About Purchasing a Home in Markham, ON

For a property listed at $668,000 in Markham, the legal minimum down payment is $41,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,835 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,835.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Commerce Valley, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$786,895

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Sainte-Marguerite-Bourgeoys
Public111 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C1
9.5
Buttonville
Public141 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C2
7.9
Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
Lincoln Alexander
Public38 Hillmount Road, Buttonville, Markham, Ontario, L6C 2H4
9.0
Coledale
Public60 Coledale Road, Buttonville, Markham, Ontario, L3R 7W8
8.4

Secondary Schools

St. Augustine
Catholic2188 Rodick Road, Buttonville, Markham, Ontario, L6C 1S3
10.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.