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97 LEE AVENUE, Toronto (The Beaches) — listed at $8,449,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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 (2021-25). With millions invested, over 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 1,3,4,8,6,10 were completely remodeled to luxury status (2021/25). Suite 10s renovation and restoration are complete, making it the newest finished unit. (id:60164)
Who is 97 LEE AVENUE best suited for?+
With null bedrooms and 11 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What's the parking situation?+
This property includes 10 spaces.
What makes this a luxury property?+
At $8,449,000, standout features include 11232 sq ft, 11 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $22,203.33, heating is baseboard heaters. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
How is the home heated? Is it efficient?+
Heating is baseboard heaters. Ask for past utility bills to understand real heating costs.
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