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SaleInvestment

97 Lee Avenue

Toronto E02, ON M4E 2P2

Price

$8,449,000

Building Size

11,232 sq ft

MLS# E13780830 | Listed by PROPERTY.CA INC.

Business Details

Business Type

Apts - 6 To 12 Units

Property Use

Apartment

Franchise

No

Commercial Space & Financials

Taxes (Annual)

$22,203.33

Industrial Specifications

Parking

10 spaces (None)

Lot Size

75' × 125'

Structure

Freestanding

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 (2021-25). With millions invested, over 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. Suites 1,3,4,8,6,10 were completely remodeled to luxury status (2021/25). Suite 10s renovation and restoration are complete, making it the newest finished unit.

Price & Status History

Price history is locked

Location

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97 Lee Avenue, Toronto E02 M4E 2P2

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Listing Courtesy of: PROPERTY.CA INC.

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