$390,000

For sale

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#1011 8 Lee Centre Drive, Toronto (Woburn) - Single Family for Sale

#1011 8 Lee Centre Drive, Toronto (Woburn), Ontario, M1H3H8

2 beds1 bath1 parking ft²

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#913 8 Lee Centre Drive, Toronto (Woburn), Ontario, M1H3H8

For sale

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Listed by DAN PLOWMAN TEAM REALTY INC.

Investment analysis

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$390,000

Toronto

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Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $390,000, it is attractively priced about 14% below the $454,900 median asking price in Toronto. It has been on the market 28 days, fresher than the Toronto average of 61 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Great Location. Look No Further! Price to sell, Steps To TTC, Mins To 401, Scarborough Town Center, Access To Downtown Via Transit, Markets, Centennial College / UFT Scarborough Campus, Well Maintained Unit. 1 Bedroom Plus Den Can Be Used As 2nd Bedroom/Office. Outstanding Clean Building. Enjoy Sun Set View From Bedroom/Living (id:66096)

Property Details

MLS®: E13872362
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $760/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,488.58/yr
Listed: 28 days ago

Market Timing

Days on market

28d

Toronto (Woburn) listings, avg age

61d

Price / ft²

$710

List price

$390K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (M1H)

This home lists at $390,000, about 4.9× the local median household income of $80,000.

Carrying it typically needs a household income of about $76,181 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $80,000
Population: 23,964
Median age: 38.4
Owner / renter: 62% / 38%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1H)

$390,000· $710/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,500

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,820 capitalized)

Property tax (est.)$124/mo

Condo fee$760/mo

Total monthly$2,938

Cash Needed to Close

Down payment (5%)$19,500

Land transfer tax$8,650

Est. closing costs$3,670

Total cash needed$31,820

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#1011 8 Lee Centre Drive, Toronto (Woburn) - Single Family for Sale

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