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 were completely remodeled to luxury status (2021/25). Suite 10 is also now vacant and almost complete in its renovation and restoration, with only final touch-ups remaining before its ready for occupancy.
Address
97 Lee Avenue
List Price
$8,549,000
MLS® Status
New
Expiration Date
2026-01-11
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
Toronto E02
Sub-Area
The Beaches
Region
Toronto
Bathrooms
11
Lot Depth
125
Lot Type
Lot
Lot Size Units
Feet
Lot Width
75
Total Building Area
11232
Occupant Type
Tenant
Cross Street
Queen St. E & Lee Ave.
MLS® Number
E12338097
Listing Brokerage
PROPERTY.CA INC.
Basement
Yes
Postal Code
M4E 2P2
Posession Details
Flexible
Parking Spaces
10
Tax Amount
$22,203.33
Tax Year
2024
Community Features
Public Transit, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Baseboard
Cooling
Yes
Cooling Features
Yes
Garage Type
None
Tax Legal Description
Plan M238 Lots 140 To 141 Pt Lot 139
Sewer
Storm
