38 Lee Centre Drive Unit 2803, Toronto E09

Price: $489,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: E13018710

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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$489,000 - 38 Lee Centre Drive Unit 2803, Highland Creek

Condo for Sale in Highland Creek

57 days on market
2Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
E13018710
Property Type
Condo
Status
active
Days on Site
57
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Scarborough (West Hill / Highland Creek)
Locker
Owned
Exposure
North East
Balcony
None
Listing Brokerage
RE/MAX REALTY SPECIALISTS INC.
Description

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.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,508.82/mo

Includes CMHC insurance ($13,643)

$
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5-yr fixed avg.

Principal: $440,100Interest: $298,904
Mortgage Amount$453,743
Total Interest$298,904
Est. Property Tax$346/mo
Total Cost$752,647

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 2803, 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)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$346
Insurance (est.)-$102
Net Cash Flow+$1,232

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 $611/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 57 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 800 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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    38 Lee Centre Drive Unit 2803… — $489,000 | Battaglia Team