38 Gandhi Lane 2703

FOR SALE
$598,888
38 Gandhi Lane 2703, Thornhill
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
N11931561
MLSID
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Property Description
Super Bright unobstructed EAST (city) View 1 Bedroom Condo Unit, Located at Hwy 7 & Bayview Ave, this condo offers 9 ft ceilings, a functional layout 580 sq. ft. of living space plus balcony. Upgraded with high-gloss kitchen cabinets, quartz countertops, an induction cooktop, and a stylish bathroom vanity. Builder upgrades over $8K. Elevators and Main door Unlock By Fob For High Security, Indoor Pool, Big Gym, Large Party Room, Library, Recreation Room, Kids Play Room, Roof Top Patio & BBQ Area. Viva Bus Station Next To The Building. Close To Richmond Hill Centre (GO), Minutes To Hwy 407/404.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-11-18 2024-12-09 21 $599,888 - Suspended
Nearby Intersections
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,939 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
Thornhill Market Statistics
Thornhill Price Trend
38 Gandhi Lane 2703 is a 1-bedroom 1-bathroom condo listed for sale at $598,888, which is $2,072 (0.3%) higher than the average sold price of $596,816 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in Thornhill declined by $19,143 (3.1%) compared to the previous 30 day period (November 19 - December 18) and down $17,828 (2.9%) from the same time one year ago.
Inventory Change
There were 52 1-bedroom condos listed in Thornhill over the last 30 days (December 19 - January 17), which is up 10.6% compared with the previous 30 day period (November 19 - December 18) and up 126.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Thornhill typically sold ($1,908) (0.3%) below asking price over the last 30 days (December 19 - January 17), which represents a $13,058 increase compared to the previous 30 day period (November 19 - December 18) and ($14,388) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Thornhill over the last 30 days (December 19 - January 17) stood at 23.1%, down from 57.4% over the previous 30 days (November 19 - December 18) and down from 117.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Thornhill stood at 32 days when successfully sold over the last 30 days (December 19 - January 17), compared to 76 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife New World Realty Inc.
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