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    Toronto / Scarborough / Woburn

    1613 - 1 Lee Centre Dr

    For SaleMay Tower I Condos
    $499,000
    Price Cut: $549,000
    1 Bed + 1
    1 Bath
    1 Parking
    700 - 799 SQFT
    84 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $580/mth
    Taxes:
    $1,452 (2023)
    Cost Per Sqft:
    $625 - $713/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    September 2, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Breakfast Bar, Quartz Counter, Stainless Steel Appliances
    19.69 x 9.84ft

    About this Listing

    Newly renovated Condo in 1 Lee Centre, Maytower1. This 1 bedroom and 1 Den( den can be used as a second bedroom has its own door and closet.)New luxury vinyl plank all throughout the living and bedroom area. Kitchen has new quartz countertop and brand new stainless steel appliances. Only 45 mins to downtown Toronto via RT, subway or Go Train. Located close to Scarborough town center mall. Close to all amenities, close to university of Toronto Scarborough campus and Centennial College Campus. The building has an indoor pool, gym, badminton court(shared), table tennis/billiards room and outdoor rec areas. Well maintained building where the maintenance fee includes all utilities ( heat, hydro and water ).This unit comes with its own underground parking and locker. The 24 hour concierge and security is an added peace of mind. Good management corporation ensures effective communication and building maintenance is done in a timely manner. Great for first time buyers or investors.

    save max superstarsMLS® #E9243569

    Amenities

    Indoor Parking
    Concierge
    Gym Room
    BBQs Allowed
    Party Room
    Guest Suites

    Explore Neighbourhood

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    4/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    11,938
    Average Individual Income
    $63,489
    Average Household Size
    3 persons
    Average Age
    41
    Average Household Income
    $113,834
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    17%
    50 - 64
    23%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    28%
    $60,000+
    12%
    $90,000+
    5%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    44%
    Semi Detached
    23%
    High Rise Apartment
    19%
    Duplex
    9%
    Low Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    60%
    Cantonese
    12%
    Other
    9%
    Mandarin
    6%
    Tamil
    6%
    Tagalog
    3%
    Urdu
    3%
    Gujarati
    1%
    Education
    High School
    29%
    University and Above
    26%
    None
    19%
    College
    17%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    18%
    Health & Related Fields
    13%
    Social Sciences
    10%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    May Tower I Condos vs The Woburn Area

    Building Trends At May Tower I Condos

    Days on Strata

    Units at May Tower I Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Woburn

    Turnover of Units

    On average, each unit is owned for
    3.1
    YEARS before being sold again

    Property Value

    -16%
    Decrease in property value within the past twelve months

    Price Ranking

    9th
    Highest price per SQFT out of 13 condos in the Woburn area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    May Tower I Condos offers the
    ?
    best value out of 13 condos in the Woburn neighbourhood

    Appreciation Rank

    May Tower I Condos has the
    ?
    highest ROI out of 13 condos in the Woburn neighbourhood

    Rental Yield

    May Tower I Condos yields the
    ?
    highest rent prices out of 13 condos in the Woburn neighbourhood

    High Demand

    May Tower I Condos is the
    ?
    most popular building out of 13 condos in the Woburn neighbourhood

    Transaction Insights at 1 Lee Centre Drive

    1 Bed + Den2 Bed
    Price RangeNo Data$535,000 - $635,000
    Avg. Cost Per SqftNo Data$627
    Avg. Wait for Unit Availability58 Days29 Days
    Ratio of Units in Building33%68%

    Transactions vs Inventory

    Total number of units listed and sold in Woburn