$8,690,000
Available - For Sale
Listing ID: E8287530
97 Lee Ave , Toronto, M4E 2P2, Ontario
| Boutique living redefined in the heart of the Beaches. This iconic address boasts 6 multi-story lofts and 4 exquisite suites (10 large suites in total), following a significant two-year building restoration program (2021-23). With millions invested, 65% of the property's square footage has been meticulously upgraded to luxury standards. All remodeled suites immediately captured significantly higher rents, proving that investment case to continue with luxury renovation plans as tenants churn. Tenants desire large multi-level lofts, complete privacy, luxury renos, with surface parking and no elevators! Nestled on a spacious 75x125 ft lot, the building showcases 11,000 sq ft of living space, complemented by 10 surface parking spots, 10 personal storage lockers, and various alfresco areas. With a blend of contemporary luxury, timeless exposed brick and beam, elegant hardwood floors, and abundant natural light, steps to Kew Gardens, the boardwalk, Financial District and More. |
| Extras: 1,3,4,8 were completely remodeled to luxury status (2021-2023). Suite 6 & 10 have provided N11 forms and will be moving out soon presenting a unique rear Suite with private entrance that is expected to boost ROI post a luxury renovation. |
| Price | $8,690,000 |
| Taxes: | $21542.80 |
| Address: | 97 Lee Ave , Toronto, M4E 2P2, Ontario |
| Lot Size: | 75.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Queen St. E & Lee Ave. |
| Rooms: | 43 |
| Bedrooms: | 9 |
| Bedrooms +: | 8 |
| Kitchens: | 9 |
| Kitchens +: | 1 |
| Family Room: | Y |
| Basement: | Apartment |
| Property Type: | Multiplex |
| Style: | 3-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 10 |
| Pool: | None |
| Fireplace/Stove: | Y |
| Heat Source: | Electric |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Wall Unit |
| Elevator Lift: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| FOREST HILL REAL ESTATE INC. |
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Wally Islam
Real Estate Broker
Dir:
416 949 2626
Bus:
416 293 8500
Fax:
905 913 8585
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | The Beaches |
| Style: | 3-Storey |
| Lot Size: | 75.00 x 125.00(Feet) |
| Tax: | $21,542.8 |
| Beds: | 9+8 |
| Baths: | 11 |
| Fireplace: | Y |
| Pool: | None |
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