38 Gandhi Lane 509, Markham

$768,000
38 Gandhi Lane 509

$768,000

New
27d
Condo ApartmentApartment

38 Gandhi Lane 509, Markham

Total Monthly Obligation $4,026

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
27d
Score
17
Yield
4.7%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-N13832146
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 26, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,949.39 (2026)
Maintenance-$482.68/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KW Living Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60
Neighbourhood-Commerce Valley
Title-Residential Condo & Other

No agent assigned

905 Sq.Ft. *CORNER UNIT, with two-bedroom, two-bathroom facing South & West, boasting soaring 9-foot ceilings & a functional layout. Enjoy a spacious *309 Sq.Ft HUGE WRAP-AROUND BALCONY accessible from the Living room and Primary bedroom. The modern kitchen features built-in appliances, upgraded quartz countertops& backsplash. With Viva Transit at your doorstep & easy access to Highway 407/404, convenience is unmatched. Nearby, you'll find restaurants, banks & plazas. This unit includes ONE (1) Parking & ONE (1) Locker for added convenience.

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

Closing Costs

Mortgage Amount
$614,400
Land Transfer Taxes$11,835
Legal Fees (Est.)
$
Total cash required for closing$166,935

Total Monthly Obligation

$4,026/mo
Mortgage $3,098
Monthly Loss $3,211
Principal$815
Interest$2,283
Property Tax$246
Condo Fees$483
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.1%24
10-Year IRR
9.2%
Returns Index
13.1/ 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
$36,108/yr
NOI
$21,356/yr
Net Cash Flow
-$1,318/mo
Cash Margin
-43.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.9/ 100

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

Comparables

Properties near 38 Gandhi Lane 509

Time

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Data last updated within the past 24 hours.