97 Lee Ave

Multiplex For Sale in The Beaches, Toronto E02

$8,690,000
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.
Address 97 Lee Ave
List Price $8,690,000
Property Type Free
Type of Dwelling Multiplex
Style of Home 3-Storey
Area Toronto E02
Sub-Area The Beaches
Bedrooms 9
Bathrooms 11
MLS® Number E8287530
Listing Brokerage FOREST HILL REAL ESTATE INC.
Postal Code M4E 2P2
Tax Amount $21,543
Tax Year 2023

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David Hutchinson

SAGE Real Estate Ltd

2010 Yonge St., Toronto ON M4S 1Z9

Mobile: 289-670-1724

Office: 416-483-8000

david@theavantgroup.ca