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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.
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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Carpet Free, Storage Area Lockers
Concierge/Security, Alarm System, Smoke Detector
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 1 Lee Centre Drive 509, Toronto E09, ON M1H 3J2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
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.
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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.