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 (2021-25). With millions invested, over 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 1,3,4,8,6,10 were completely remodeled to luxury status (2021/25). Suite 10s renovation and restoration are complete, making it the newest finished unit.
Address
97 Lee Avenue
List Price
$8,524,000
MLS® Status
New
Expiration Date
2026-01-11
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Toronto E02
Sub-Area
The Beaches
Region
Toronto
Bedrooms
9 + 8
Bedrooms (Total)
17
Rooms Above Grade
43
Bathrooms
11
Floor Area
5000 + Sq. Ft.
Lot Depth
125
Lot Size Units
Feet
Lot Width
75
Occupant Type
Tenant
Cross Street
Queen St. E & Lee Ave.
MLS® Number
E12448032
Listing Brokerage
PROPERTY.CA INC.
Basement Area
Apartment
Postal Code
M4E 2P2
Posession Details
Flexible
Parking
Private
Parking Places (Total)
10
Parking Spaces
10
Tax Amount
$22,203.33
Tax Year
2024
Interior Features
None
Central Vacuum
No
Family Room
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Electric
Heat Type
Baseboard
Cooling
Yes
Cooling Features
Wall Unit(s)
Construction Materials
Brick
Direction Faces
West
Fireplace
Yes
Foundation Details
Concrete Block, Brick
Garage
No
Garage Type
None
Kitchens Total
10
Kitchens Above Grade
9
Kitchens Below Grade
1
Pool Features
None
Roof
Membrane
Tax Legal Description
Plan M238 Lots 140 To 141 Pt Lot 139
Waterfront
No
Sewer
Sewer