2511-38 GANDHI Lane, Markham, ON
Commerce Valley, Markham · MLS® N13728380
About this home
Experience Elevated Luxury Living at Pavilia Towers, ideally located in the prestigious Highway 7 & Bayview area. This spacious and beautifully upgraded 1-bedroom suite offers 595 sq. ft. of thoughtfully designed living space plus a private balcony. Featuring 9-ft ceilings, a functional open-concept layout and abundant natural light, the suite feels bright, modern and inviting throughout. The stylish kitchen features integrated appliances, high-end cabinetry, upgraded quartz countertops and a seamless backsplash. Upgraded engineered vinyl flooring throughout. The spacious bedroom features a walk-out closet, while ensuite laundry adds everyday convenience. Includes one parking space conveniently located close to the entrance and one spacious locker. Residents enjoy an impressive collection of resort-style amenities, including a 24/7 concierge, indoor pool, fully equipped fitness centre, party and games rooms, recreation lounge, library, guest suites, rooftop garden with BBQ area and visitor parking. Exceptional location just steps from restaurants, cafés, shopping, banks, medical services and everyday conveniences, with a future T&T Supermarket nearby. Excellent connectivity with easy access to Highway 7, Highways 404 & 407, VIVA Transit, GO Transit and Richmond Hill Centre Terminal. Surrounded by parks, golf clubs and entertainment, this sought-after Commerce Valley location offers an exceptional lifestyle for professionals, first-time buyers, investors or downsizers. A rare opportunity combining luxury, style, space and convenience in one of the area's most desirable communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13728380
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- BAYVIEW AVE AND HWY 7
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $334/mo
- Exposure
- West
- Property tax
- $2,140 / 2026
- Listing brokerage
- HOMELIFE/RESPONSE REALTY INC.
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairNothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market.
Per square foot, these ask about $709/sqft; this home lists at $946/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesNeighbourhood & location
Commerce Valley, Markham, ON
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How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 1, 2026); conventional rates run a little higher.
Mortgage amount $416,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,243
- Property tax
- $178
- Condo / maintenance fees
- $334
- Heating
- $0
- Estimated monthly cost
- $2,755
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,875
- Estimated closing costs
- $6,875
Plus your down payment of $104,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $134,562
- Principal paid down
- $52,357
- Interest paid
- $82,205
- Balance remaining
- $363,643
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/RESPONSE REALTY INC.. MLS®/PropTx.