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$8,699,000

Est. payment - /mo

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9 BD

11 BA

Active

97 Lee AVE Toronto E02, ON M4E 2P2

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Chaudhry Nadeem

nadeem@gta.realestate +1(416) 907-4533

UPDATED:

02/13/2025 11:24 AM

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

Basement Apartment

Kitchen 10

Separate Den/Office 8

Interior

Interior Features None

Heating Yes

Cooling Wall Unit(s)

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Private

Pool None

Roof Type Membrane

Lot Frontage 75.0

Lot Depth 125.0

Total Parking Spaces 10

Building

Foundation Concrete Block, Brick

Listed by PROPERTY.CA INC.

TEAM MEMBER

Chaudhry Nadeem +1(416) 907-4533 nadeem@gta.realestate