$8,299,000 FOR SALE

Multiplex

Bathrooms: 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)

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Listed By FOREST HILL REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9372826
Last Updated Sep 29, 2024
Property Summary
Property Type Multiplex

More like this:
Use Apartments
Community The Beaches
Price History
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Detailed Information
Bathrooms 11
Lot 75 x 125 ft
Amenities Nearby Public Transit, Recreation
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
Business
Business Type Residential
Business Subtype Apartments
Building
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
Cooling Type Fully air conditioned
Heating Type Baseboard heaters
Type Multi-Family
Utility Water Municipal water
Land
Total Size 75 x 125 FT
Amenities Public Transit, Recreation
Sewer Storm sewer
Size of Irregular Land 75 x 125 FT

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