97 Lee AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto E02,ON M4E 2P2
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision The Beaches
MLS Listing ID E11943898
Style 3-Storey
Bedrooms 9
Annual Tax Amount $22,203
Tax Year 2024
Property Sub-Type Multiplex
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 is also now vacant!
Location
Province ON
County Toronto
Community The Beaches
Area Toronto
Rooms
Family Room Yes
Kitchen 10
Interior
Heating Yes
Cooling Wall Unit(s)
Exterior
Parking Features Private
Pool None
Roof Type Membrane
Building
Foundation Concrete Block,Brick