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97 Lee Ave Toronto, Ontario M4E 2P2

11 Bathroom 11232 sqft
Fully Air Conditioned Baseboard Heaters

$8,990,000

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 & 10 have provided N11 form and will be moving out soon presenting a unique rear Suite with private entrance that is expected to boost ROI post a luxury renovation (id:48469)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number E8011398
Property Type Multi-family
Community Name The Beaches
Amenities Near By Public Transit, Recreation
Parking Space Total 10

Building

Bathroom Total 11
Cooling Type Fully Air Conditioned
Heating Type Baseboard Heaters
Size Interior 11232 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Recreation
Sewer Storm Sewer
Size Irregular 75 X 125 Ft
Size Total Text 75 X 125 Ft

https://www.realtor.ca/real-estate/26432267/97-lee-ave-toronto-the-beaches

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