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 $489,000 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.
Welcome to Suite 2803 at 38 Lee Centre Drive, a bright and spacious 2-bedroom, 2-bathroomcorner condo in the heart of Scarborough. Located on the 28TH floor, this well-maintained suite is filled with natural light and offers stunning unobstructed views. The functional split-bedroom layout provides excellent privacy, while the open-concept living and dining area creates a comfortable and inviting space for everyday living and entertaining. The primary bedroom features a generous closet and private 4-piece ensuite, while the second bedroom is ideal for guests, family, or a home office. A second full bathroom adds everyday convenience. Perfect for first-time buyers, downsizers, or investors, this move-in-ready unit is ideally situated just steps to TTC, Scarborough Town Centre, shopping, restaurants, parks, and everyday amenities. Minutes to Highway 401, University of Toronto Scarborough, and Centennial College. Enjoy excellent building amenities including 24-hour concierge, indoor pool, fitness centre, party/meeting room, library/study area, and bike storage. Includes 1 parking space and 1locker. A fantastic opportunity to own in one of Scarborough's most convenient and connected locations.
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Data-driven valuation for 38 Lee Centre Drive 2803, Toronto E09, ON M1H 3J7
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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 $489,000 in Toronto, the legal minimum down payment is $24,450 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 $6,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,255 also applies, bringing the total estimated land transfer taxes to $12,510.
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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.