55 Gandhi Lane TH42
Commerce Valley, Thornhill, L3T 0G4
FOR SALE
$1,599,900
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BEDROOMS5
BATHROOMS1
KITCHENS8
ROOMSN10994447
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Property Description
Discover luxurious living in this approx. 2670 sqft townhouse nestled in the desirable Bayview/Hwy 7 area in Markham, featuring high-end finishes and bright open spaces. With 3 spacious bedrooms, 4.5 bathrooms, and a versatile family room that can be an office or potentially converted into a fourth bedroom, this home is both stylish and functional. The primary suite boasts an ensuite with a large glass shower and private balcony, while two additional bedrooms share a sleek full bathroom. 9ft ceilings on ground, 2nd and 3rd floor, and the open-concept main floor create an airy and inviting atmosphere. The gourmet kitchen is a chef's dream, offering quartz countertops, a large island, built-in stainless steel oven, microwave, cooktop, dishwasher, a wine fridge, and a walk-in pantry. A bright breakfast area opens to a large private terrace with a gas BBQ hookup, perfect for entertaining. The approx. 530 sqft finished basement, with engineered hardwood floors, an additional bathroom, and a laundry room, offers flexibility for a home theatre, gym, or playroom. Thoughtful features include wired ethernet in almost every room for seamless connectivity, blinds throughout with blackout blinds and curtains in the bedroom, an oak staircase with iron pickets, crown moulding and many pot lights. The future ready garage has an electrical panel for easy EV charger install. Double car garage with two extra driveway parking spaces and no sidewalks. Located in family friendly community conveniently located near Ada Mackenzie Park, top schools, shopping and dining with easy access to Highways 404/407, YRT/Viva and GO Transit. Maintenance $349 includes unlimited basic internet, roof/window maintenance, landscaping and snow removal.
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 3-Storey
Approximate Sq.Ft.
2500-2749
Taxes
$6,307 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
4
Parking 1
Exclusive
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Rec | Bsmt | 16.01' x 18.50' | 3 Pc Bath, Laundry Sink, Hardwood Floor |
| Family | Ground | 15.58' x 16.47' | Open Concept, Large Window, Hardwood Floor |
| Kitchen | 2nd | 12.99' x 18.77' | B/I Appliances, Quartz Counter, Ceramic Floor |
| Breakfast | 2nd | 11.75' x 18.77' | Combined W/Kitchen, W/O To Balcony, Ceramic Floor |
| Pantry | 2nd | 4.59' x 5.51' | B/I Shelves, Pot Lights, Ceramic Floor |
| Living | 2nd | 18.77' x 20.73' | Combined W/Dining, Large Window, Hardwood Floor |
| Dining | 2nd | 18.77' x 20.73' | Combined W/Living, Open Concept, Hardwood Floor |
| Prim Bdrm | 3rd | 12.50' x 12.99' | 3 Pc Ensuite, W/I Closet, W/O To Balcony |
| 2nd Br | 3rd | 9.51' x 12.76' | W/I Closet, Large Window, Hardwood Floor |
| 3rd Br | 3rd | 8.99' x 10.01' | Closet, Large Window, Hardwood Floor |
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Thornhill Market Statistics
Thornhill Price Trend
55 Gandhi Lane TH42 is a 3-bedroom 5-bathroom townhome listed for sale at $1,599,900, which is $521,132 (48.3%) higher than the average sold price of $1,078,768 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 3 bedroom townhome in Thornhill declined by $32,390 (2.9%) compared to the previous 30 day period (October 4 - November 2) and down $49,524 (4.4%) from the same time one year ago.Inventory Change
There were 54 3-bedroom townhomes listed in Thornhill over the last 30 days (November 3 - December 2), which is down 44.3% compared with the previous 30 day period (October 4 - November 2) and down 6.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Thornhill typically sold ($9,636) (0.9%) below asking price over the last 30 days (November 3 - December 2), which represents a $6,728 decrease compared to the previous 30 day period (October 4 - November 2) and $104 less 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 3-bedroom townhomes in Thornhill over the last 30 days (November 3 - December 2) stood at 81.5%, up from 64.9% over the previous 30 days (October 4 - November 2) and up from 48.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 5-bathroom townhome in Thornhill stood at 29 days when successfully sold over the last 30 days (November 3 - December 2), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Transglobal Realty Corp.
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