38 Lee Centre Drive 1612, Toronto E09

$380,000
38 Lee Centre Drive 1612

$380,000

New
4d
Condo ApartmentApartment

38 Lee Centre Drive 1612, Toronto E09

Total Monthly Obligation $2,643

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
4d
Score
21
Yield
7.5%
Cash on Cash
-1.4%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Condo Apartment
MLS® Number-E14095386
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$1,923 (2025)
Maintenance-$750/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Woburn
Title-Residential Condo & Other

No agent assigned

Client RemarksThis beautiful 2-bedroom corner unit in the heart of Scarborough features unobstructed views and a well-designed layout offering both comfort and functionality. The modern kitchen is equipped with stainless steel appliances, quartz countertops, marble bathroom tiles, and custom wood cabinetry, while the unit has been freshly painted and updated. Both bedrooms are generously sized and provide comfortable living space. Enjoy the convenience of ensuite laundry, as well as a parking space conveniently located directly beside the elevator. Conveniently located just minutes from shopping, dining, schools, parks, and major transit routes, this home offers an ideal blend of everyday comfort and excellent rental appeal. Whether you're a first-time buyer or downsizer looking to settle in or an investor seeking a property in a high-demand area, this opportunity delivers outstanding value.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$304,000
Land Transfer Taxes$4,175
Legal Fees (Est.)
$
Total cash required for closing$81,675

Total Monthly Obligation

$2,643/mo
Mortgage $1,533
Monthly Loss $2,240
Principal$403
Interest$1,129
Property Tax$160
Condo Fees$750
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.2%37
10-Year IRR
11.1%
Returns Index
19.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$28,620/yr
NOI
$12,435/yr
Net Cash Flow
-$497/mo
Cash Margin
-20.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 38 Lee Centre Drive 1612

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.