97 Lee Ave, Toronto, Ontario M4E 2P2

$8,398,950
9
BD
11
BA
List Price
$8,398,950
MLS#
E8426156
Status
A
Type
Multifamily
SubType
Multiplex
Style
3-Storey
Bedrooms
9
Bathrooms
11
Province
Ontario
Municipality
Toronto
Area
Toronto
Neighborhood
The Beaches
Subdivision
Queen St. E & Lee Ave.

Property Description

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.

Additional Information

Taxes
$22,203
Water
Municipal
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Fireplace Stove
Yes
Extras
1, 3, 4, 8 were completely remodeled to luxury status (2021-2023). Suite 6 & 10 have provided N11 forms and will be moving out soon presenting a unique rear Suite with private entrance that is expected to boost ROI post a luxury renovation.
Rooms
43
Family Room
Y
Kitchens
9
Exterior
Brick
Garage Type
None
Pool
None
Lot Frontage
75
Parking Spaces
10
Legal Description
Plan M238 Lots 140 To 141 Pt Lot 139
Zoning
Multi-Residential

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of FOREST HILL REAL ESTATE INC..