
3605- 38 Gandhi Lane, Markham
Markham
$1,653,889
Cash flow, cap rate & mortgage breakdown
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Listed by BENCHMARK SIGNATURE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
4
Days on Market
29
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,750/mo
Estimated from market price-to-rent ratios
Remarks
Experience Elevated Luxury Living At Pavilia Towers. Rarely Offered, This Exceptional 1,344 Sq.Ft. South-Facing Residence Combines Generous Living Space, Functional Design And Refined Comfort In One Of Richmond Hill's Most Prestigious Condominium Communities. Flooded With Natural Light, This Spacious Suite Offers Beautiful City Views, Stunning Sunsets, And Distant CN Tower Views. Thoughtfully Designed For Both Comfortable Family Living And Elegant Entertaining, The Functional Layout Features Three Generously Sized Bedrooms, Each With Its Own Ensuite Bathroom. The Luxurious Primary Retreat Includes A Walk-In Closet And Private Balcony Access. Enjoy Seamless Indoor-Outdoor Living With A Large 113 Sq.Ft. Balcony, Plus An Additional 36 Sq.Ft. Private Balcony Off The Primary Bedroom - Perfect For Morning Coffee Or Evening Relaxation. Includes 2 Parking Spaces And 1 Locker. Residents Enjoy Resort-Style Amenities Including An Indoor Pool, Fitness Centre, Party Room, Library, Rooftop Terrace With BBQ Area, Concierge, Visitor Parking And More. Ideally Located Steps To Viva Transit And Richmond Hill GO Station, With Quick Access To Highways 407 & 404. Surrounded By Restaurants, Shopping, Banks, Parks, Golf Clubs, And Everyday Conveniences. A Short Drive To Top-Ranked Schools And Premier Golf Courses, Offering The Perfect Blend Of Luxury, Convenience And Lifestyle. A Rare Opportunity To Own A Spacious Luxury Residence In One Of Richmond Hill's Most Desirable Communities. Photos Are Virtually Staged For Illustration Purposes Only. Actual Unit May Differ From Images Shown.
MississaugaInvestor.ca
3605- 38 Gandhi Lane
Condo Apartment · 3bd/4ba · ~1,300 sqft
$1,653,889
Cash-Flow Report · July 31, 2026
Cap Rate
1.16%
Monthly Cash Flow
-$6,013/mo
Estimated Rent
$3,750/mo
Cash-on-Cash
-19.86%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,750 |
| Mortgage | −$7,613 |
| Property Tax | −$937 |
| Insurance | −$225 |
| Condo Fee | −$800 |
| Vacancy (5%) | −$188 |
| Cash Flow | -$6,013/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,000 |
| Vacancy (5%) | −$2,250 |
| Property Tax | −$11,246 |
| Insurance | −$2,700 |
| Condo Fee | −$9,600 |
| Annual NOI | $19,204 |
| Cap Rate | 1.16% |
Cash Required to Close
| Down Payment (20%) | $330,777.8 |
| Ontario Land Transfer Tax | $29,553 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $363,330.8 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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