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    Ellipse - East Tower Condos
    by Lee Development Group

    38 Lee Centre Drive

    3for Sale
    4for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    34
    Number of Units:
    383
    Condo Completion:
    2004
    Condo Demand:
    Medium
    Unit Size Range:
    398 - 1,124 SQFT
    Unit Availability:
    High
    Property Management:
    Crossbridge Condominium Services Ltd.

    Listing History for Ellipse - East Tower Condos

    Amenities

    Gym Room
    Rooftop Deck
    Games Room
    Visitor Parking
    Concierge
    Party Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 38 Lee Centre DriveEllipse - East Tower Condos

    The Ellipse East Tower forms one half of an ellipse shape, with its counterpart — the Ellipse - West Tower Condos — sitting right next door. The 34-storey tower at 38 Lee Centre Drive is rounded on one side, and covered head to toe in glass.

    Lee Developments and Kirkor Architects & Planners came together to create the Scarborough condos at 38 Lee Centre Dr, which were completed in 2004. The building contains 383 units, plus a generous list of amenities: residents have access to a concierge and underground parking, as well as a party room, guest suites, a gym, an indoor swimming pool, and a sauna.

    The Suites

    Homes at the Ellipse East Tower range more in size than they do in the tower next door. Units start at around 350 and reach to approximately 1,100 square feet; prospective residents can expect to find one to three bedroom suites in the building, some of which also contain dens.

    Regardless of size, Toronto condos for sale at 38 Lee Centre Dr is bright and airy thanks to large windows and open concept layouts. And thanks to the shape of the building, some suites feature one slightly rounded wall.

    The Neighbourhood

    Torontonians choose to live in Scarborough’s Woburn neighbourhood for all different reasons: it’s far from dense, it’s quiet, and it’s filled with green spaces. Residents of 38 Lee Centre Dr get to experience the best of both worlds, then, as the building is also situated next to a major shopping mall and plenty of big-box stores.

    Those in need of some retail therapy can head over to Scarborough Town Centre, which takes just 20 minutes to reach by foot. Just west of this mall is Kennedy Commons, an outdoor shopping centre that’s home to an LCBO, a Party City, a Chapters, a PetSmart, and more.

    Sunny summer days can also be spent exploring the many parks in the area surrounding the Ellipse East Tower. Morningside Park, for example, is located just east of the building, and covers an impressive 597 acres. The park contains plenty of bike trails and picnic spots, and visitors might even be lucky enough to spot some salmon swimming up the Highland Creek in the fall. Another great spot is Thomson Memorial Park, home to the Scarborough Museum, an off-leash dog area, and Scarborough’s annual Ribfest.

    Transportation

    Getting around is easy with an address like 38 Lee Centre Drive. Residents who prefer to get around by car can use the 401 to zip across the city, with this major highway accessible via McCowan Road and Markham Road. The drive all the way to Pearson International Airport takes as little as 20 minutes when traffic cooperates, and drivers can also reach the Don Valley Parkway in less than 10 minutes.

    Residents living at 38 Lee Centre Dr without cars of their own often start their journeys at McCowan Station on the Scarborough subway line. Once here, passengers can ride toward Kennedy Station in order to transfer onto the Bloor-Danforth line. The 302 Kingston Road-McCowan bus also comes in handy, as it transports passengers down to Bingham Loop in The Beaches neighbourhood.

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    Listings For Rent

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    Nearby Amenities

    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.

    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
    0 persons
    Average Age
    9
    Average Household Income
    $113,834
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    44%
    Semi Detached
    23%
    High Rise Apartment
    19%
    Duplex
    9%
    Low Rise Apartment
    3%
    Marital Status
    Commute
    Languages
    Tagalog
    2%
    Mandarin
    4%
    Cantonese
    9%
    Urdu
    2%
    Tamil
    4%
    English
    42%
    Indigenous Language
    30%
    Other
    7%
    Education
    High School
    29%
    Apprenticeship
    3%
    University and Above
    26%
    College
    17%
    University Below Batchelor
    3%
    None
    19%
    Major Field of Study
    Personal, Protective & Transportation Services
    3%
    Health & Related Fields
    13%
    Architecture & Engineering
    18%
    Humanities
    5%
    Physical Sciences
    5%
    Math & Computer Sciences
    6%
    Social Sciences
    10%
    Education
    4%
    Visual & Performing Arts
    2%
    Business Management
    27%

    Price Trends

    Building Trends At Ellipse - East Tower Condos

    Days on Strata

    Units at Ellipse - East Tower Condos spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    4.3
    YEARS before being sold again

    Property Value

    -18%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    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

    45
    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$445,000$510,000 - $550,000$545,000 - $715,000$645,000No Data
    Avg. Cost Per Sqft$889$781$731$698No Data
    Avg. Wait for Unit Availability81 Days45 Days24 Days462 Days382 Days
    Ratio of Units in Building14%33%48%3%4%

    Maintenance Fees

    Ellipse - East Tower Condos vs The Woburn Area

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