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$8,298,950
Available - For Sale
Listing ID: E8481616
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 $8,298,950
Taxes: $22,203.33
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 x 125 (Feet)
Directions/Cross Streets: Queen St. E & Lee Ave.
Zoning: Multi-Residentia
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 11,232
Total Area Code:  Sq Ft
Area Influences: Public Transit   Rec Centre
Franchise: N
Outside Storage: N
Crane: N
Heat Type: Baseboard
Central Air Conditioning: Y
Sewers: Storm
Water: Municipal
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FOREST HILL REAL ESTATE INC.

97 Lee Ave , Toronto, M4E 2P2, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: The Beaches
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Lot Size: 75.00 x 125.00(Feet)
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Tax: $22,203.33
Maintenance Fee: $0
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Baths: 11
Garage: 0
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