38 Lee Centre Drive
Building Details
Listing History for Ellipse - East Tower Condos
Amenities
Maintenance Fees
About 38 Lee Centre Drive — Ellipse - East Tower Condos
The Ellipse East Tower forms one half of an ellipse shape, with its counterpart — the Ellipse - West Tower Condos — sitting right next door. The 34-storey tower at 38 Lee Centre Drive is rounded on one side, and covered head to toe in glass.
Lee Developments and Kirkor Architects & Planners came together to create the Scarborough condos at 38 Lee Centre Dr, which were completed in 2004. The building contains 383 units, plus a generous list of amenities: residents have access to a concierge and underground parking, as well as a party room, guest suites, a gym, an indoor swimming pool, and a sauna.
The Suites
Homes at the Ellipse East Tower range more in size than they do in the tower next door. Units start at around 350 and reach to approximately 1,100 square feet; prospective residents can expect to find one to three bedroom suites in the building, some of which also contain dens.
Regardless of size, Toronto condos for sale at 38 Lee Centre Dr is bright and airy thanks to large windows and open concept layouts. And thanks to the shape of the building, some suites feature one slightly rounded wall.
The Neighbourhood
Torontonians choose to live in Scarborough’s Woburn neighbourhood for all different reasons: it’s far from dense, it’s quiet, and it’s filled with green spaces. Residents of 38 Lee Centre Dr get to experience the best of both worlds, then, as the building is also situated next to a major shopping mall and plenty of big-box stores.
Those in need of some retail therapy can head over to Scarborough Town Centre, which takes just 20 minutes to reach by foot. Just west of this mall is Kennedy Commons, an outdoor shopping centre that’s home to an LCBO, a Party City, a Chapters, a PetSmart, and more.
Sunny summer days can also be spent exploring the many parks in the area surrounding the Ellipse East Tower. Morningside Park, for example, is located just east of the building, and covers an impressive 597 acres. The park contains plenty of bike trails and picnic spots, and visitors might even be lucky enough to spot some salmon swimming up the Highland Creek in the fall. Another great spot is Thomson Memorial Park, home to the Scarborough Museum, an off-leash dog area, and Scarborough’s annual Ribfest.
Transportation
Getting around is easy with an address like 38 Lee Centre Drive. Residents who prefer to get around by car can use the 401 to zip across the city, with this major highway accessible via McCowan Road and Markham Road. The drive all the way to Pearson International Airport takes as little as 20 minutes when traffic cooperates, and drivers can also reach the Don Valley Parkway in less than 10 minutes.
Residents living at 38 Lee Centre Dr without cars of their own often start their journeys at McCowan Station on the Scarborough subway line. Once here, passengers can ride toward Kennedy Station in order to transfer onto the Bloor-Danforth line. The 302 Kingston Road-McCowan bus also comes in handy, as it transports passengers down to Bingham Loop in The Beaches neighbourhood.
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Price Cut: $150 (Oct 24)
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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 Ellipse - East Tower 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 38 Lee Centre Drive
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|
Price Range | $443,000 - $470,000 | $485,000 - $530,000 | $519,500 - $715,000 | $645,000 | $730,000 |
Avg. Cost Per Sqft | $925 | $790 | $724 | $697 | $728 |
Price Range | $2,100 - $2,500 | $2,300 - $2,600 | $2,350 - $3,000 | $3,000 | $2,490 - $3,100 |
Avg. Wait for Unit Availability | 84 Days | 44 Days | 25 Days | 457 Days | 402 Days |
Avg. Wait for Unit Availability | 65 Days | 23 Days | 21 Days | 693 Days | 482 Days |
Ratio of Units in Building | 14% | 33% | 49% | 3% | 4% |
Unit Sales vs Inventory
Total number of units listed and sold in Woburn