12 Gandhi Lane 3508, Markham

$680,000
12 Gandhi Lane 3508

$680,000

Price Change
24d
Condo ApartmentApartment

12 Gandhi Lane 3508, Markham

Total Monthly Obligation $3,493

Bed+Den
2+1
Baths
2
Park
1
Sqft
600-699
DOM
24d
Score
17
Yield
4.1%
Cash on Cash
-7.6%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-N13839228
Bed+Den-2+1
Bathrooms-2
Size-600-699 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,304.18 (2026)
Maintenance-$357.63/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-FIRST CLASS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Commerce Valley
Title-Residential Condo & Other

No agent assigned

Absolutely stunning 1-bedroom + den / 2 Washroom condo in a high-demand location. Featuring an open-concept design with an excellent layout and move-in-ready condition. The den with sliding doors is perfect as a second bedroom or home office. Enjoy 9' ceilings on a high floor with abundant natural light from the south-facing exposure, plus CN Tower views from the private balcony. Modern kitchen with built-in appliances, quartz countertops and backsplash, laminate flooring throughout, and a frameless glass shower. 24-hour concierge and excellent recreational facilities. Conveniently located close to schools, parks, public transit, GO Train, plazas, restaurants, banks, and Highways 7/404/407.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$544,000
Land Transfer Taxes$10,075
Legal Fees (Est.)
$
Total cash required for closing$147,575

Total Monthly Obligation

$3,493/mo
Mortgage $2,743
Monthly Loss $2,771
Principal$722
Interest$2,021
Property Tax$192
Condo Fees$358
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.7%17
10-Year IRR
8.1%
Returns Index
9.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,164/yr
NOI
$16,352/yr
Net Cash Flow
-$1,380/mo
Cash Margin
-58.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
22.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 12 Gandhi Lane 3508

Time

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Data last updated within the past 24 hours.