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. 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 that is almost complete. Suite 10 is also now vacant!
Address
97 Lee Avenue
List Price
$8,599,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Area
Toronto E02
Sub-Area
The Beaches
County
Toronto
Bedrooms
9 + 8
Bathrooms
11
Lot Depth
125
Lot Size Units
Feet
Lot Width
75
MLS® Number
E12009935
Listing Brokerage
PROPERTY.CA INC.
Basement Area
Apartment
Postal Code
M4E 2P2
Parking
Private
Parking Places (Total)
10
Tax Amount
$22,203.33
Tax Year
2024
Interior Features
None
Heat Source
Electric
Heat Type
Baseboard
Cooling
Wall Unit(s)
Construction Materials
Brick
Direction Faces
West
Fireplace
Yes
Foundation Details
Concrete Block, Brick
Garage Type
None
Kitchens Total
10
Pool Features
None
Roof
Membrane
Sewer
Sewer