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Listed 9 days ago

313 - 1 Lee Centre Drive

Woburn, Toronto

$419,000

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

Welcome to May Tower condos! This exceptionally spacious one bedroom plus den unit offers privacy and comfort for families, professionals, or investors. The den can be used as a separate room - complete with an air vent, a door, and a closet - easily fitting a queen-size bed if needed. Features laminate floors throughout, double mirrored closets, large living and dining rooms, and open courtyard views. Being on the 3rd floor means you don't need to rely on the elevators to get home. Includes one tandem parking spot (can fit two cars) and one locker. Residents enjoy excellent amenities including an indoor pool, gym, and recreation room, plus a children's playground and splash pad right next door. Conveniently located just minutes from Scarborough Town Centre - with Walmart, IKEA, YMCA, Best Buy, shopping, banks, and tons of restaurants - as well as McCowan subway station, the GO Transit terminal, TTC, LRT, and Highway 401 in under 5 minutes. A fantastic opportunity to own in a vibrant, well-connected community. A great choice for first-time buyers, families, or investors. Don't miss it!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size600-699 sq. ft.
Maintenance Fees$605
LockerOwned
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,644
mls© NumberE13607118
Listed BySTRATA REAL ESTATE
Hydro Included
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,145
Property tax
$137
Heat allowance
$150
Condo fees, half counted
$303
Housing costs
$2,734 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $83,800
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,763 / mo
Cash down
$83,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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