PH103-8 Lee Centre Drive, Toronto, ON

Woburn, Toronto · MLS® E13667954

$600,000
For Sale
Just listed today
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4Bedrooms
3Bathrooms
2Garage
1400-1599Sq Ft

About this home

Welcome to 8 Lee Centre, where exceptional space, resort style amenities, and an unbeatable location come together to offer an elevated condominium lifestyle. This impressive residence is set within a well maintained building known for its excellent property management and thoughtfully designed common spaces. Residents enjoy an incredible selection of amenities, including a full size swimming pool, fitness centre, squash court, badminton court, media room, library, and guest suite, providing comfort, recreation, and convenience right at home. Ideally situated in the heart of Scarborough, the property offers easy access to Kennedy Road, McCowan Road, Highway 401, TTC transit, Scarborough Town Centre, shopping, restaurants, parks, and everyday conveniences. Whether you're looking for a comfortable home or a smart long term investment, this is an exceptional opportunity to enjoy a well managed community with amenities that truly set it apart. A place where convenience meets lifestyle. Come experience everything 8 Lee Centre has to offer.

Key facts

Property type
Condo Apartment, Apartment
MLS®
E13667954
Bedrooms
4
Bathrooms
3
Size
1400-1599
Cross streets
HWY 401 AND MCCOWAN RD
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$1,695/mo
Exposure
North South
Property tax
$2,707 / 2025
Listing brokerage
RE/MAX WEST REALTY INC.
Our TakeTeam Asgarian · Broker
Below comparables
$628Kest. value

Listed at $600,000, and my independent estimate is about 4% below comparable homes, worth a close look.

In Woburn lately, sellers get about 96% of asking; homes sell in ~35 days · prices down 13% YoY.

List price
$600KGreat deal$638KOverpriced

Total price vs nearby homes. Fair value about $628K, median of 5 comparables.

How this estimate is builtthe short version

I take the 5 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.

It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $668K, a close match.

What the listing highlights1 point to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
Schools & getting aroundcatchment and transit

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.

Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Woburn, so I widened the search to the surrounding area.

Based on 5 comparable homes that recently sold nearby.

Comparable listingsCurrently listed nearby · asking prices
$745kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

511-175 Hilda Avenue$612k239-68 Abell Street$750k1513-25 Cordova Avenue$872k

The 3 closest active listings nearby.

See all comparable homes
600kThis home612k750k872kThis home vs active comparables
Live market pulseActive comparables in Woburn · median list $489K
$400this home / sqft
59active listings nearby
22sold nearby · 90 days
$509Kmedian sold price
96%of asking, on average
13%vs a year ago

This home lists 35% below the area average of $616/sqft.

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Woburn, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Banbury-Don Mills
$748K
Bayview Village
$529K
Moss Park
$441K
Church-Yonge Corridor
$576K
Bay Street Corridor
$682K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Bendale Junior Public School
62%
Bendale Junior Public SchoolPublic · Elementary · 2.0 km awayBelow the GTA average · 62% meet the provincial standard
Alternative Scarborough Education 1EQAO results not published

Affordability & Mortgage

Affordability
$2,735/mo
$147KIncome needed
4.1×Price ÷ income
$631Weekly cost
20% down4.79%25-yr amortization

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.

59%mortgage
Mortgage $2,735Property tax $226Condo fee $1,695Total carry $4,655

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

$
20.0%
$
%
4.19%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.04% via Ratehub.ca (as of August 12, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,575per month

Mortgage amount $480,000 · 4.19% over 25 years

$120,000Down payment (20.0%)
$480,000Loan before insurance
$0CMHC premium
$4,495Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,575
Property tax
$226
Condo / maintenance fees
$1,695
Heating
$0
Estimated monthly cost
$4,495

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$8,475
Toronto municipal land transfer tax
$8,475
Estimated closing costs
$16,950

Plus your down payment of $120,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.19%Qualifying rate
$3,125/monthPayment at the qualifying rate

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

$292,374Total interest paid
$772,374Total of all payments
Principal $480,000 Interest $292,374
YearPrincipalInterestBalance
1$11,167$19,728$468,833
2$11,640$19,255$457,193
3$12,133$18,762$445,060
4$12,647$18,248$432,413
5$13,182$17,713$419,231
6$13,740$17,155$405,491
7$14,322$16,573$391,169
8$14,928$15,967$376,240
9$15,560$15,335$360,680
10$16,219$14,676$344,461
11$16,906$13,989$327,555
12$17,622$13,273$309,933
13$18,368$12,527$291,565
14$19,145$11,750$272,420
15$19,956$10,939$252,464
16$20,801$10,094$231,663
17$21,682$9,213$209,981
18$22,600$8,295$187,382
19$23,556$7,338$163,825
20$24,554$6,341$139,271
21$25,593$5,302$113,678
22$26,677$4,218$87,001
23$27,806$3,088$59,195
24$28,984$1,911$30,211
25$30,211$684$0

At the end of your 5-year term

Total paid over the term
$154,475
Principal paid down
$60,769
Interest paid
$93,706
Balance remaining
$419,231

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.

Let's connect

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

Rental yield
Estimate$4,750/mo
$57,000Gross annual rent
4.5%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

9.5%
Gross yield
− Property tax $2,707− Condo fees $20,340− Insurance $600− Vacancy & upkeep $6,270Net operating income $27,083

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX WEST REALTY INC.. MLS®/PropTx.

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