Skip to main
    Toronto / Scarborough / Woburn

    2701 - 38 Lee centre Dr E

    For SaleEllipse - East Tower Condos
    $508,000
    2 Beds
    1 Bath
    1 Parking
    675 SQFT
    76 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $591/mth
    Taxes:
    $1,710 (2024)
    Cost Per Sqft:
    $753/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    September 1, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    18.11 x 10.17ft
    Dining
    18.11 x 10.17ft
    Kitchen
    10.17 x 7.02ft

    About this Listing

    SPACIOUS CONDO + AAA LOCATION! This stunning 2 bedroom + 1 washroom Condo Sq. Ft 600-699. condo in the heart of Toronto offers the perfect blend of comfort and convenience. Step inside to discover brand new laminate flooring throughout and a fresh, professional paint job that sets the stage for stylish living. Located mere minutes from Scarborough Town Centre, McCowan RT Station, and Hwy 401, commuting couldn't be easier. Plus, with a TTC stop just a short walk away, getting around the city is a breeze. For students, Centennial College is only 6 minutes away, making this an ideal spot for academics. But the perks don't stop there. This building is packed with millions of dollars worth of recreational facilities, including an indoor heated pool, gym, sauna, and 24-hour security for peace of mind. Whether you're a family seeking comfort or a student in search of convenience(ask for more details), this condo has it all. Don't miss out on the opportunity to call this place home!

    427 realty inc.MLS® #E9270024

    Amenities

    Concierge
    Party Room
    Rec Room
    Rooftop Deck
    Security System
    Sauna

    Explore Neighbourhood

    6/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    4/10
    Bikeability
    Your bike will know every pothole personally. It's that intimate.

    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

    Ellipse - East Tower Condos vs The Woburn Area

    Building Trends At Ellipse - East Tower Condos

    Days on Strata

    Units at Ellipse - East Tower Condos spend an average of
    33
    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
    4.2
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 13 condos in the Woburn area

    Sold Units

    23
    Units were Sold over the past twelve months

    Rented Units

    48
    Units were Rented over the past twelve months

    Best Value Rank

    Ellipse - East Tower Condos offers the
    ?
    best value out of 13 condos in the Woburn neighbourhood

    Appreciation Rank

    Ellipse - East Tower Condos has the
    ?
    highest ROI out of 13 condos in the Woburn neighbourhood

    Rental Yield

    Ellipse - East Tower Condos yields the
    ?
    highest rent prices out of 13 condos in the Woburn neighbourhood

    High Demand

    Ellipse - East Tower Condos is the
    ?
    most popular building out of 13 condos in the Woburn neighbourhood

    Transaction Insights at 38 Lee Centre Drive

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 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
    Avg. Wait for Unit Availability84 Days44 Days25 Days457 Days402 Days
    Ratio of Units in Building14%33%49%3%4%

    Transactions vs Inventory

    Total number of units listed and sold in Woburn