97 Lee Avenue, Toronto | Image 1

97 Lee Avenue

Toronto, The Beaches

  • Commercial

$8,790,000
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: 21542.8

  • MLS®#: E8191124

  • Added: Apr 02, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 32 minutes ago

  • Listed By: FOREST HILL REAL ESTATE 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 (2021-23). 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 & 10 have provided N11 form and will be moving out soon presenting a unique rear Suite with private entrance that is expected to boost ROI post a luxury renovation

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

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 10

Fees

  • Tax Year: 2023

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

  • Taxes: $21,543

  • 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

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: Y

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Walker's Paradise

  • Daily errands do not require a car.
93 /100

Good Transit

  • Some errands can be accomplished by public transportation.
68 /100

Very Bikeable

  • Most errands can be accomplished on bike.
88 /100
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

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