1 Lee Centre Drive, Toronto, ON

$560,000
MLS#:E9195016
2 beds
2 baths
900-999 sqft
1.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Woburn. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $560,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 900-999 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Storage Area Lockers
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

The May Tower, a well developed complex with family orientated design, a well managed condo that comes with a large & high ceiling lobby, polite attendants & competent management staff, 2 split style bedrooms with 2 full baths, recently updated with new paint, 3 new stainless steel kitchen appliances, all electric light fixtures & 3 new sink faucets. Enter into the spacious foyer, carpet free living as laminate flooring throughout, in-suite laundry closet with stacked washer/dryer. Kids friendly park within the complex, short walk to nearby Scarborough Town Centre Mall with popular brands to shop, eateries & entertainment, bus to U of T campus, Civic Centre & Cultural Centre, etc. Whether to take TTC Transit at doorstep or drive along the highway 401 or work from this spacious home will only be a choice of yours.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
900-999 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateAugust 14, 2024
Sold price information is available to members only
Listed Date7/26/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto
Annual Tax$1,916.97

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free, Storage Area Lockers

Security Features

Concierge/Security, Alarm System, Smoke Detector

Community Features

Location

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1 Lee Centre Drive, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1 Lee Centre Drive 509, Toronto E09, ON M1H 3J2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$31,000 (5.5%)
* Minimum Canadian down payment required for this price is $31,000.
Amortization Period25 Years
Estimated Monthly Payment$3,152Based on a loan of $529,000 over 25 years.
Purchase Price$560,000
Loan Amount$529,000
Provincial Land Transfer Tax:$7,675
Toronto Municipal Land Transfer Tax:$7,675
Total Estimated Closing Taxes:$15,350

About Purchasing a Home in Toronto, ON

For a property listed at $560,000 in Toronto, the legal minimum down payment is $31,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,675 also applies, bringing the total estimated land transfer taxes to $15,350.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Woburn, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$786,615

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Richard
Public960 Bellamy Road North, Scarborough, Toronto, Ontario, M1H 1H1
5.6
St Thomas More
Public2300 Ellesmere Road, Scarborough, Toronto, Ontario, M1G 3M7
7.5
St Rose of Lima
Public3220 Lawrence Avenue East, Scarborough, Toronto, Ontario, M1H 1A4
6.0
St Barbara
Public25 Janray Drive, Scarborough, Toronto, Ontario, M1G 1Y2
2.9
St Victor
Public20 Bernadine Street, Scarborough, Toronto, Ontario, M1P 4M2
6.2

Secondary Schools

Woburn
Public2222 Ellesmere Road, Scarborough, Toronto, Ontario, M1G 3M3
5.6
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9
David and Mary Thomson
Public125 Brockley Drive, Scarborough, Toronto, Ontario, M1P 0E1
4.4
Philippe-Lamarche
Public2850 Eglinton Avenue East, Scarborough, Toronto, Ontario, M1J 2C8
6.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.