97 Lee Avenue, Toronto | Image 1

97 Lee Avenue

Toronto, The Beaches

  • Commercial

$8,599,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: Multi-Residentia

  • Age: No Data

  • Taxes: 22203.33

  • MLS®#: E12009904

  • Added: Mar 10, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 1 week ago

  • Listed By: PROPERTY.CA INC.

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!

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Toronto

  • Community: The Beaches

  • Availability Date: TBD.

Inside

  • Bathrooms: 11

  • Air Conditioning: Y

  • Washrooms: 11

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Baseboard

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2024

  • Tax Legal Description: Plan M238 Lots 140 To 141 Pt Lot 139

  • Taxes: $22,203

  • Taxes Type: Annual

Land

  • Cross Street: Queen St. E & Lee Av

  • Municipality District: Toronto E02

  • Sewer: Storm

  • Lot Depth: 125 Feet

  • Lot Frontage: 75 Feet

  • Zoning: Multi-Residentia

Commercial Specific

  • Total Area: 11232

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Franchise: N

  • Crane: N

  • Lot Code: Lot

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Map of 97 Lee Avenue, Toronto
JK-6

Norway Junior Public School

Elementary: Public
0.89 km
JK-8

St Denis Catholic School

Elementary: Catholic
0.69 km
JK-6

Balmy Beach Community School

Elementary: Public
0.89 km
7-8

Glen Ames Senior Public School

Elementary: Public
0.35 km
JK-6

Kew Beach Junior Public School

Elementary: Public
0.47 km
JK-6

Williamson Road Junior Public School

Elementary: Public
0.37 km
9-12

Greenwood Secondary School

Secondary: Public
2.83 km
9-12

Notre Dame Catholic High School

Secondary: Catholic
1.17 km
9-12

St Patrick Catholic Secondary School

Secondary: Catholic
2.56 km
Pre-Grade 9-12

Monarch Park Collegiate Institute

Secondary: Public
2.22 km
9-12

Neil McNeil High School

Secondary: Catholic
1.50 km
9-12

Malvern Collegiate Institute

Secondary: Public
1.38 km
For Sale
1 month ago
$7,500,000
  • 0 bath
  • 0 bed

507 Kingston Road, Toronto, Ontario • M4L 1V5 • The Beaches