Price Reduction
Address
97 Lee Ave, Toronto, ON
Price
$ 8,990,000
Property Attributes
  • MLS#E8011556
  • TypeMulti-Family
  • CityToronto
  • AreaThe Beaches
  • NeighbourhoodToronto E02
  • Postal CodeM4E 2P2
  • Style3-Storey
  • Taxes$ 21542
  • Price$ 8,990,000
  • Bedrooms17
  • Full Bathrooms11
  • Half Bathrooms0
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
1/19/2024 Listed $9,190,000
2/5/2024 3% - $8,990,000

General Features

Water Municipal
Zoning Multi-Residential
Garage Spaces 0.0
Pool Y/N None
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
Style 3-Storey
Heater Type Baseboard
Parking Spaces 10
Community Amenities The Beaches
Rooms 43
Elevator No
Area Toronto
Tax Year 2023
Lot Depth 125.00
Basement Apartment
Status A
Taxes 21542.80
Legal Description Plan M238 Lots 140 To 141 Pt Lot 139
Property Sub Type Multiplex
Lot Front 75.00
Type .M.

Interior Features

Family Room Yes
Total Bedrooms 9
Heat Source Electric
A/C Wall Unit
Kitchens 9
Kitchens Plus 1
Central Vac No
Fireplace Stove Yes
Washrooms 11
BedroomsPlus 8

Exterior Features

Garage Type None
Drive Private
Exterior Brick
Fronting On NSEW W
Sewers Sewers

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in M4E 2P2

Price
AVG $8.99M
$8.99M
Taxes
AVG $21,542
$21,542
Visits
AVG 157
156
Data Provided by Inside Real Estate®

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