A total of 14 Lee Centre Drive condos sold this past month in Scarborough. Selling prices ranged from $250,000 to $420,000. A four bedroom, three bathroom penthouse condo suite sold at the highest price.
One bedroom plus den condos sold from $250,000 to $260,000.
Two bedroom condos ranged from $255,000 to $415,000.
Two plus den condos sold between $350,000 to $408,000.
And a four bedroom penthouse sold for $420,000.
It took an average of 16 days for Lee Centre Drive condos to sell. The fastest sale was four days, and the longest sale was 50 days.
Lee Centre Drive condos offer great value
Although they’re situated a bit further away from the Scarborough City Centre, the condos at Lee Centre Drive offer amazing value with a lower price per square footage. The increases in condo prices throughout Toronto and even in Scarborough have made Lee Centre even more attractive.
Among all the condos in Scarborough, Lee Centre occasionally sees rare penthouses that have a high square footage of living space including four bedroom options. These condos make it ultra affordable for larger families to get into home ownership without having to buy a larger and more expensive freehold.
Newer and established condos
Lee Centre is one of the areas where you can find newer and more established older Scarborough condos for sale. Buildings 1, 8, 11 and 18 are older condos with larger square footage in their suites. While 36 and 38 are the newer buildings. Most of the sales in September were in the 36 and 38 buildings, likely because those living in the other condo buildings are happy with the value and living options their condos have to offer.
It’s also worth noting that one of the sales was a two bedroom plus den townhouse with affordable $592 per month in maintenance fees. Townhouses on Lee Centre are available but very limited and can get snapped up quickly once on the market. This particular Lee Centre Drive townhouse sold in just 11 days at 98% of its asking price. It sold for $350,000.