97 Lee Avenue No longer available

Toronto, The Beaches, M4E 2P2

$8,890,000

Description

Listed by FOREST HILL REAL ESTATE INC..

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.

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 to boost ROI post a luxury renovation.

Location

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  • Address: 97 Lee Avenue
  • Neighborhood: The Beaches
  • City: Toronto
  • State: Ontario
  • Postal Code: M4E 2P2

Property Details

  • Property ID: E8110636
  • Property Price: $8,890,000
  • Style: Multiplex, 3-Storey
  • Rooms: 43
  • Bedrooms: 9+8
  • Bath: 11
  • Parking Spaces: 10
  • A/C: Wall Unit
  • Basement: Apartment
  • Den: Y
  • Elevator: N
  • Exterior: Brick
  • Heating: Baseboard
  • Fireplace: Y
  • Taxes: $21,542.80 (2023)
  • Lot: 125.00x75.00 (Feet)

Room details and dimensions

Statistics for similar Multiplex homes in The Beaches

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Multiplex homes in The Beaches

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Multiplex homes in The Beaches

Property History

This property has been sold 18 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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