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97 Lee Avenue Toronto (The Beaches), Ontario M4E 2P2

11 Bathroom 11232 sqft
Fully Air Conditioned Baseboard Heaters

$8,299,000

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. (id:58043)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number E9372826
Property Type Multi-family
Neigbourhood The Beaches
Community Name The Beaches
AmenitiesNearBy Public Transit, Recreation
ParkingSpaceTotal 10

Building

BathroomTotal 11
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
CoolingType Fully Air Conditioned
HeatingType Baseboard Heaters
SizeInterior 11232 Sqft
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Recreation
Sewer Storm Sewer
SizeDepth 125 Ft
SizeFrontage 75 Ft
SizeIrregular 75 X 125 Ft
SizeTotalText 75 X 125 Ft
ZoningDescription Multi-residential

https://www.realtor.ca/real-estate/27480256/97-lee-avenue-toronto-the-beaches-the-beaches

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Leonard Fridman
Broker


Forest Hill Real Estate Inc.
235 Clinton Street
Toronto, Ontario M6G 2Y4

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