Active

97 Lee Ave

Toronto Ontario, M4E 2P2

$8,990,000


$800.39 per sqft

Active

11 Baths

11,232 sqft

Commercial

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.

E8011398

MLS ID

February 27, 2024

Updated

Map

97 Lee Ave
Toronto Ontario, M4E 2P2

Interior Features

Bathrooms

11 Baths


Fireplace

No


Cooling

Yes


Cooling Description

Y


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Sewer

Storm

Other Property Details

Area Name

The Beaches


Taxes

$21,550


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

10


View

No


County

Ontario


Water Source

Municipal


Pool

No


Zoning

Multi-Residential

Listing History

Date

Event

Price

2/7/2024

Price Change

$8,990,000

-3%

2/6/2024

Price Change

$8,990,000

-3%

 

Courtesy of Listed by , FOREST HILL REAL ESTATE INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 1:22 AM UTC, 2/27/2024

 

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