55 Gandhi Lane, Unit TH42, Markham, ON
Property no longer active
This property was sold on February 28, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 3-Storey condo townhouse located in the coveted neighborhood of Commerce Valley. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,548,000 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.
- 5 Bedrooms and 5 Bathrooms
- Generous living space spanning 2500-2749 sqft
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Bar Fridge, Built-In Oven, Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover luxurious living in this approx. 2670 sqft townhouse nestled in the desirable Bayview/Hwy 7 area in Markham, featuring high-end finishes and bright open spaces. With 3 spacious bedrooms, 4.5 bathrooms, and a versatile family room that can be an office or potentially converted into a fourth bedroom, this home is both stylish and functional. The primary suite boasts an ensuite with a large glass shower and private balcony, while two additional bedrooms share a sleek full bathroom. 9ft ceilings on ground, 2nd and 3rd floor, and the open-concept main floor create an airy and inviting atmosphere. The gourmet kitchen is a chef's dream, offering quartz countertops, a large island, built-in stainless steel oven, microwave, cooktop, dishwasher, a wine fridge, and a walk-in pantry. A bright breakfast area opens to a large private terrace with a gas BBQ hookup, perfect for entertaining. The approx. 530 sqft finished basement, with engineered hardwood floors, an additional bathroom, and a laundry room, offers flexibility for a home theatre, gym, or playroom. Thoughtful features include wired ethernet in almost every room for seamless connectivity, blinds throughout with blackout blinds and curtains in the bedroom, an oak staircase with iron pickets, crown moulding and many pot lights. The future ready garage has an electrical panel for easy EV charger install. Double car garage with two extra driveway parking spaces and no sidewalks. Located in family friendly community conveniently located near Ada Mackenzie Park, top schools, shopping and dining with easy access to Highways 404/407, YRT/Viva and GO Transit. Maintenance $349 includes unlimited basic internet, roof/window maintenance, landscaping and snow removal.
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Property Summary
This townhouse located at 55 Gandhi Lane, Markham is currently for sale and has been available on SousaSells for 598 days. This property is listed at $1,548,000 with an estimated mortgage of $5,153* per month. It has 5 beds, 5 bathrooms, and is 2500-2749 square feet. 55 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
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Bar Fridge, Built-In Oven, Carpet Free, Countertop Range, ERV/HRV, On Demand Water Heater, Water Heater, Water Softener
Security Features
Community Features
Location
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 55 Gandhi Lane, Markham, ON L3T 0G4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Markham, ON
For a property listed at $1,548,000 in Markham, the legal minimum down payment is $309,600 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 $27,435 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 $27,435.
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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.