97 Lee Ave - Apartments FOR SALE


Toronto, ON M4E 2P2- The Beaches
$8,749,000 CAD
416-363-3473
97 Lee Ave, Toronto, ON for Sale
$8,749,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

97 Lee Ave
Toronto, ON M4E 2P2
The Beaches


HIGHLIGHTS

  • Property has been meticulously upgraded to luxury standards.
  • This investment provides immediate income with value add potential.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$8,749,000 CAD

PRICE/SF

$779 CAD /SF

# OF UNITS

10

PRICE/UNIT

$874,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,450 SF

ZONING

R (d0.6)(x771)

APN/PARCEL ID

190409308000200

ASK ABOUT THIS PROPERTY

Leonard FridmanProperty.ca Inc.More Info
416-363-3473

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Leonard FridmanProperty.ca Inc.More Info
416-363-3473

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.