1 Lee Centre Drive
Building Details
Listing History for May Tower I Condos
Amenities
Maintenance Fees
About 1 Lee Centre Drive — May Tower I Condos
May Tower I Condos, and its twin residence May Tower II Condos, reside in the green-filled neighbourhood of Woburn. 1 Lee Centre Drive is a 17 storey high-rise, comprising 261 suites. This building shares a 2 storey pedestal with its sister tower, and features a brick and stone façade, with frosted windows and a unique gold coloured roof.
The building was completed in 1999, back when condo floor plans were considerably larger than those found in modern residences. In addition to large unit sizes, residents enjoy some great perks, including; an exercise room, an indoor pool, saunas, a concierge, and underground parking. As a bonus, the property is directly beside Lee Centre Park and has a small playground.
Condos in this residence sell for well below the GTA average in terms of price per square foot, making this a perfect choice for buyers in search of the best bang for their buck.
The Suites
Seasoned renters or condo buyers have likely heard the word “spacious” used somewhat loosely, but in this instance, homes at 1 Lee centre are truly spacious. The smallest one bedroom suite in the building is 614 square feet and the largest 3 bedroom suites reach 1300 square feet. The majority of 2 bedroom condos here hover around 1000 square feet — there are 3 bedroom condos in downtown Toronto with 800 square foot layouts.
Because of the age of this building, prospective buyers and renters should expect that units will need upgrading. Granted, there are suites at May Tower I Condos that are essentially luxury condos and have been completely upgraded.
Prospective buyers can expect hardwood flooring, expansive living rooms and large windows. Kitchens are mostly modern, though, most units have enclave kitchen layouts. Bedrooms are generously sized and include ample closet space.
The Neighbourhood
Prospective buyers who aren’t familiar with Scarborough or the Woburn neighbourhood may assume that they’ll be living out in the woods, but 1 Lee Centre Drive is anything but rural; this particular stretch of Woburn is heavily populated with businesses, most of which are walkable for condo residents.
Residents of May Tower I Condos have great dining options close to home. HO Sushi Express and Malatang - Spice and Aroma are just minutes away on foot. Ellesmere Rd hosts dozens of take out spots such as Federick Restaurant and Canbe Foods Inc. And popular chains like Milestones and Jack Astors are located on Progress Ave.
The shopping selection is nothing to scoff at, as Hudson's Bay Scarborough Town Centre is packed with boutique and big box stores, and only a 5 minute drive west on Corporate Drive. Additional boutiques and outlets are clustered along Ellesmere Rd and Kennedy Rd. With schools and sports facilities in the area, there’s a little something for the whole family.
Transportation
1 Lee Centre Drive is a pedestrian friendly location, but grocery runs will likely require a vehicle; Real Canadian Superstore and Walmart are situated at Hudson's Bay Scarborough Town Centre and This Little Market on Corporate Drive is just 3 minutes away for small pickups.
Transit users have multiple bus routes right outside of the building and can quickly reach Scarborough Centre for subway service. Car owners can arrive at the McCowan onramp for the 401 in just 2 minutes and make it downtown in roughly 25 minutes.
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Price Cut: $29,000 (Oct 28)
Price Cut: $41,000 (Sep 30)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At May Tower I Condos
Days on Strata
List vs Selling Price
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Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 1 Lee Centre Drive
1 Bed + Den | 2 Bed | |
---|---|---|
Price Range | No Data | $535,000 - $635,000 |
Avg. Cost Per Sqft | No Data | $627 |
Price Range | $2,250 - $2,500 | $2,280 - $3,000 |
Avg. Wait for Unit Availability | 58 Days | 29 Days |
Avg. Wait for Unit Availability | 83 Days | 38 Days |
Ratio of Units in Building | 33% | 68% |
Unit Sales vs Inventory
Total number of units listed and sold in Woburn