$ 8,499,000
97 LEE AVENUE Toronto (the Beaches), ON M4E2P2
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$ 8,499,000
Est. payment | /mo
17 Beds
11 Baths
$ 8,499,000
Est. payment | /mo
17 Beds
11 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision The Beaches
MLS® Listing ID E9372819
Bedrooms 17
Originating Board Toronto Regional Real Estate Board
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. **** 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:24570)
Location
Province ON
Rooms
Extra Room 1 Second level 3.42 m X 2.71 m Bedroom 2
Extra Room 2 Second level 4.05 m X 3.11 m Bedroom
Extra Room 3 Second level 3.72 m X 2.74 m Bedroom 2
Extra Room 4 Second level 3.67 m X 2.74 m Bedroom 3
Extra Room 5 Second level 4.1 m X 2.71 m Bedroom
Extra Room 6 Third level 4.09 m X 4.01 m Loft
Interior
Heating Baseboard heaters
Cooling Wall unit
Flooring Hardwood
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by FOREST HILL REAL ESTATE INC.
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Andy Katoch
Agent | License ID: LDKATOCAN