ON > Toronto E02 > The Beaches
Toronto E02, ON M4E 2P2,97 Lee AVE
Toronto E02, ON M4E 2P2,97 Lee AVE
Toronto E02, ON M4E 2P2,97 Lee AVE
Toronto E02, ON M4E 2P2,97 Lee AVE
Toronto E02, ON M4E 2P2,97 Lee AVE
Toronto E02, ON M4E 2P2,97 Lee AVE
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Jim Mattice

Jim Mattice

+1(613) 581-7469
$ 8,599,000
Est. payment | /mo

11 Baths

11,232 SqFt

Save
$ 8,599,000
Est. payment | /mo
Save

11 Baths

11,232 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 11,232 sqft

Price per Sqft $765

Subdivision The Beaches

MLS Listing ID E12009904

Annual Tax Amount $22,203

Tax Year 2024

Property Sub-Type Investment

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 (2021-24). 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. 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 that is almost complete. Suite 10 is also now vacant!

Location

Province ON

County Toronto

Community The Beaches

Area Toronto

Zoning Multi-Residential

Interior

Cooling Yes

Inclusions 10 fridges, 10 stoves, 4 dishwashers, 4 washers, 4 dryers, 2 coin operated washers, 2 coin operated dryers, elfs, window coverings, hot water tank

Exterior

Community Features Public Transit, Recreation/Community Centre

Utilities Available Yes

Lot Frontage 75.0

Lot Depth 125.0

Listed by PROPERTY.CA INC.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 581-7469

jim@surehome.ca

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97 Lee AVE