38 Lee Centre Drive Unit 1612, Toronto E09

Price: $470,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: E13055862

This beautiful 2-bedroom corner unit in the heart of Scarborough features unobstructed views and a well-designed layout offering both comfort and functionality. The modern kitchen is equipped with stainless steel appliances, quartz countertops, marble bathroom tiles, and custom wood cabinetry, while the unit has been freshly painted and updated. Both bedrooms are generously sized and provide comfortable living space. Enjoy the convenience of ensuite laundry, as well as a parking space conveniently located directly beside the elevator! This unit includes a locker for added storage. Conveniently located just minutes from shopping, dining, schools, parks, and major transit routes, this home offers an ideal blend of everyday comfort and excellent rental appeal. Whether you're a first-time buyer or downsizer looking to settle in or an investor seeking a property in a high-demand area, this opportunity delivers outstanding value.

38 Lee Centre Drive Unit 1612 - Condo photo 1 of 19 in Scarborough (West Hill / Highland Creek), Ontario
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$470,000 - 38 Lee Centre Drive Unit 1612, Highland Creek

Condo for Sale in Highland Creek

48 days on market
2Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
E13055862
Property Type
Condo
Status
active
Days on Site
48
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Scarborough (West Hill / Highland Creek)
Locker
None
Exposure
North West
Balcony
None
Listing Brokerage
RIGHT AT HOME REALTY
Description

This beautiful 2-bedroom corner unit in the heart of Scarborough features unobstructed views and a well-designed layout offering both comfort and functionality. The modern kitchen is equipped with stainless steel appliances, quartz countertops, marble bathroom tiles, and custom wood cabinetry, while the unit has been freshly painted and updated. Both bedrooms are generously sized and provide comfortable living space. Enjoy the convenience of ensuite laundry, as well as a parking space conveniently located directly beside the elevator! This unit includes a locker for added storage. Conveniently located just minutes from shopping, dining, schools, parks, and major transit routes, this home offers an ideal blend of everyday comfort and excellent rental appeal. Whether you're a first-time buyer or downsizer looking to settle in or an investor seeking a property in a high-demand area, this opportunity delivers outstanding value.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,411.34/mo

Includes CMHC insurance ($13,113)

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5-yr fixed avg.

Principal: $423,000Interest: $287,290
Mortgage Amount$436,113
Total Interest$287,290
Est. Property Tax$333/mo
Total Cost$723,403

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Scarborough (West Hill / Highland Creek)

Discover Scarborough (West Hill / Highland Creek)

Scarborough (West Hill / Highland Creek) is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Scarborough (West Hill / Highland Creek)

  • Convenient location in Scarborough (West Hill / Highland Creek)
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Scarborough (West Hill / Highland Creek) offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

38 Lee Centre Drive Unit 1612, Scarborough (West Hill / Highland Creek)

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$455
Property Tax (est.)-$333
Insurance (est.)-$98
Net Cash Flow+$1,314

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $671/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 48 days on site, this property has exceeded the typical selling timeline for Highland Creek. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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