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Maria Tompson
Sales Representative
Remax Example Inc., Brokerage
Independently owned and operated.
4711 Yonge Street, 10th Floor, Toronto, Ontario M2N 6K8
Cell: 416-548-7854Office: 416-548-7854Fax: 416-981-7184Toll Free: 1-866-382-2968
$8,499,000
Available - For Sale
Listing ID: E9372826
97 Lee Ave , Toronto, M4E 2P2, Ontario
| 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 has provided N11. |
| Price | $8,499,000 |
| Taxes: | $22203.33 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 97 Lee Ave , Toronto, M4E 2P2, Ontario |
| Postal Code: | M4E 2P2 |
| Province/State: | Ontario |
| Legal Description: | Plan M238 Lots 140 To 141 Pt Lot 139 |
| Lot Size: | 75.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Queen St. E & Lee Ave. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 11232.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit Rec Centre |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Washrooms: | 11 |
| Outside Storage: | N |
| Crane: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Sewers: | Storm |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| FOREST HILL REAL ESTATE INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | The Beaches |
| Lot Size: | 75.00 x 125.00(Feet) |
| Tax: | $22,203.33 |
| Baths: | 11 |
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