Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$8,298,950
Available - For Sale
Listing ID: E8481616
97 Lee Ave , Toronto, M4E 2P2, Ontario
| 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: | $22203.33 |
| 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: | 75.00 x 125.00 (Feet) |
| Directions/Cross Streets: | Queen St. E & Lee Ave. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 11232.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit Rec Centre |
| Franchise: | N |
| Washrooms: | 11 |
| 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. |
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|
Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | The Beaches |
| Lot Size: | 75.00 x 125.00(Feet) |
| Tax: | $22,203.33 |
| Baths: | 11 |
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