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Home ON Greater Toronto Area Toronto Old Toronto The Beaches
97 LEE AVENUE
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97 LEE AVENUE $8,499,000
$8,499,000
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97 LEE AVENUE
Toronto (The Beaches), Ontario M4E2P2

MLS® Number: E9372819
9 + 8
Bedrooms
11
Bathrooms
-
Square Feet

Listing Description

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 **** Suites 1,3,4,8 were completely remodeled to luxury status (2021/23). Suite 6 is vacant presenting a unique rear Suite with private entrance that is expected to boost ROI post a luxury renovation. Suite 10 has provided N11. (36853074)

Location Description

Queen St. E & Lee Ave.

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
3
Community Name
The Beaches
Land Size
75 x 125 FT
Annual Property Taxes
$22,203.33
Total Parking Spaces
10
Time on REALTOR.ca
53 days

Building

Bedrooms
Above Grade
9
Below Grade
8
Bathrooms
Total
11
Interior Features
Appliances Included
Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
Flooring
Hardwood
Basement Features
Apartment in basement
Basement Type
N/A
Building Features
Foundation Type
Block, Brick
Heating & Cooling
Cooling
Wall unit
Heating Type
Baseboard heaters (Electric)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Total Parking Spaces
10

Rooms

MetricImperial
Main level
Kitchen
Living room
Office
Kitchen
Living room
Second level
Bedroom 2
Bedroom
Bedroom 2
Bedroom 3
Bedroom
Third level
Loft
Loft

Land

Lot Features
Frontage
75 ft
Land Depth
125 ft
Other Property Information
Zoning Description
Multi-Residential
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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