$8,299,000 FOR SALE

Multiplex

Bedrooms: 9+8Bathrooms: 11Lot: 75 x 125 ft

97 Lee Avenue
Toronto (The Beaches), ON M4E 2P2

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. (id:47423)

Share

Listed By FOREST HILL REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9372819
Last Updated Sep 29, 2024
Property Summary
Property Type Multiplex

More like this:
Community The Beaches
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Bedrooms 9+8
Bathrooms 11
Lot 75 x 125 ft
Listing Contract Date 2024-09-29
Location Description Queen St. E & Lee Ave.
# of Parking Spaces 10
Property Type Multi-family
Transaction Type For sale
Zoning Description Multi-Residential
Building
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
Basement Features Apartment in basement
Basement Type N/A
Cooling Type Wall unit
Exterior Finish Brick
Fireplace Present Yes
Flooring Type Hardwood
Foundation Type Block, Brick
Heating Fuel Electric
Heating Type Baseboard heaters
Stories Total 3
Type Other
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
Bedroom 2Second level3.42 m x 2.71 m
BedroomSecond level4.05 m x 3.11 m
Bedroom 2Second level3.72 m x 2.74 m
Bedroom 3Second level3.67 m x 2.74 m
BedroomSecond level4.1 m x 2.71 m
LoftThird level4.09 m x 4.01 m
LoftThird level3.7 m x 3.63 m
KitchenMain level3.85 m x 2.43 m
Living roomMain level9.08 m x 4.97 m
OfficeMain level2.74 m x 2.07 m
KitchenMain level3.85 m x 2.38 m
Living roomMain level6.57 m x 3.85 m
Land
Total Size 75 x 125 FT
Sewer Sanitary sewer
Size of Irregular Land 75 x 125 FT

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
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.