1509-8 Lee Centre Drive, Toronto, ON
Woburn, Toronto · MLS® E13553084
About this home
MUST SELL !!! MUST SELL !!! MUST SELL !!! Experience Refined Living in This Bright and Spacious Residence Located in a Highly Coveted Address. The new kitchen countertop and sink are now installed, enjoy the upgrade! Step into an elegantly appointed suite offering expansive living space, one of the bigger size units in the building with abundant natural light, unobstructive south view, and a seamless blend of comfort and sophistication. Designed for both stylish entertaining and relaxed everyday living, this exceptional unit presents a rare ownership opportunity. Includes One Premium Parking Space and Private Locker Access to World-Class, Resort-Style Amenities. All Utilities Included - Water, Hydro, and Heat Covered in Maintenance Fees. Perfectly positioned just minutes from Highway 401, Scarborough Town Centre, upscale dining, financial institutions, and essential conveniences. Public transit at your doorstep ensures effortless connectivity. An outstanding opportunity for homeowners and investors seeking luxury, location, and lifestyle in one remarkable offering. This exceptional residence offers top-class amenities designed for comfort, recreation, and convenience. Residents enjoy access to a luxurious swimming pool and relaxing whirlpool, perfect for unwinding after a long day. For sports enthusiasts, the building features a badminton court, squash court, and ping pong table, all ready for play. Stay active and fit in the fully equipped gym, or challenge friends to a game on the billiard table in the game room. Entertain guests in the elegant party room, or enjoy leisure time in the well-appointed game room. Most importantly, the property includes a dedicated guest room, offering comfortable accommodation for visiting family and friends. Experience premium living with outstanding amenities at 8 Lee Centre Dr - where lifestyle meets convenience.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13553084
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- McCowan / HWY 401
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $1,018/mo
- Exposure
- South
- Property tax
- $1,870 / 2025
- Days on market
- 6
- Listing brokerage
- TRUSTWELL REALTY INC.
Rooms
B/I Dishwasher
large window · laminate · closet
combined w/dining · large window · laminate
large window · laminate · closet
combined w/living · open concept · laminate
Listed at $430,000, this home is about 14% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $428K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $490K
- Adjusts to $490K
That comparable adjusts to $490K; the $499K estimate above is the median of all 13 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is Bendale Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Corporate Dr at Lee Centre Dr West Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $499K, median of 13 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 15% below the area average of $596/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Woburn, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Corporate Dr at Lee Centre Dr West Side, about 34 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $344,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,836
- Property tax
- $156
- Condo / maintenance fees
- $1,018
- Heating
- $0
- Estimated monthly cost
- $3,010
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,075
- Toronto municipal land transfer tax
- $5,075
- Estimated closing costs
- $10,150
Plus your down payment of $86,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $110,143
- Principal paid down
- $43,808
- Interest paid
- $66,334
- Balance remaining
- $300,192
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of TRUSTWELL REALTY INC.. MLS®/PropTx.