905 Sq.Ft. two-bedroom, two-bathroom unit faces south & west, boasting soaring 9-foot ceilings & a functional layout. Enjoy a spacious 309 Sq.Ft 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.
2 bedrooms, 2 bathrooms, about 900 sq ft, works out to roughly $831 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 38 Gandhi Lane #509
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
900-999 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
38 Gandhi Lane #509 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,675
/mo
based on the purchase price of $748,000
$149,600 cash
$598,400 financed
$504,010 total interest
Principal54%$598,400
Interest46%$504,010
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Markham
Other 2–3 bed homes for sale in Markham around $748K.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio99.3%On average, homes sold below asking.
Active listings1,492Homes for sale here right now.
Median vs prior 90 days+1.9%Compared with May 7 – Aug 5, 2026: prices up.
Based on 1,282 sales from Aug 5 – Nov 3, 2026 (860 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
5 for sale · 1 for rent at 38 Gandhi Lane — plus its sale and lease history.
38 Gandhi Lane #509 is listed at $748,000 (MLS® N14142722). Summitly updates the price as soon as the MLS® record changes.
Is $748,000 a good price for 38 Gandhi Lane #509?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Markham. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 38 Gandhi Lane #509 changed?
No — 38 Gandhi Lane #509 is still listed at its original asking price of $748,000.
How many bedrooms and bathrooms does 38 Gandhi Lane #509 have?
38 Gandhi Lane #509 has 2 bedrooms and 2 bathrooms, with about 900–999 square feet of living space. It is a condo in Markham.
How much would the monthly mortgage be on 38 Gandhi Lane #509?
About $3,675 a month — principal and interest on $748,000 with 20% down ($149,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 38 Gandhi Lane #509 compare with other homes in Markham?
Its asking price of $748,000 is about 32% below the median sold price in Markham over the last 90 days, $1,095,000, across 1,282 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 38 Gandhi Lane #509 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 38 Gandhi Lane #509 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 38 Gandhi Lane #509?
38 Gandhi Lane #509 is in Markham, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 38 Gandhi Lane #509 been on the market?
38 Gandhi Lane #509 was listed today (November 3, 2026).
What is the price per square foot of 38 Gandhi Lane #509?
About $749 to $831 per square foot: the asking price of $748,000 over the 900–999 sq ft the listing gives as its size range.
Does 38 Gandhi Lane #509 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 38 Gandhi Lane #509 have a basement, and is it finished?
The listing says 38 Gandhi Lane #509 has no basement.
