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34 days on Market

97 Lee Ave, Toronto, Ontario M4E 2P2

$8,299,000
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Townhouse
9 + 8
11
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$35,641/mo

Tax Amount (2024)$22,203/yr

Days On Market34 days


Description

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.


Property Details

Style3-Storey
View-
Age of property-
SqFt-
Lot Size9,375 SqFt(125 x 75)
Parking Spaces10
MLS ®NumberE9372819
Community NameThe Beaches
Data SourceTRREB

Features

Heating: Baseboard
Cooling: Wall Unit
Fireplace
Basement: Apartment

Main Floor

Kitchen

3.85 x 2.43

Renovated / Stainless Steel Appl / Eat-In Kitchen

Living

9.08 x 4.97

Hardwood Floor / Bay Window / Open Concept

Office

2.74 x 2.07

B/I Closet / Window / Hardwood Floor

Kitchen

3.85 x 2.38

Renovated / Stainless Steel Appl / Breakfast Bar


Features

Lot size: 9,375 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 10


Property History

Now
ListedFor Salefor$8,299,000Active
34 days on market
Listing by trreb®
history photo preview39
Jul 29, 2024
ListedFor Salefor$8,098,000Terminated
Stayed 18 days on market
Listing by trreb®
history photo preview40
Jul 11, 2024
ListedFor Salefor$8,198,950Terminated
Stayed 7 days on market
Listing by trreb®
history photo preview40
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Property listed by FOREST HILL REAL ESTATE INC., Brokerage

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Market DataFor the past 30 days in The Beaches

Median Selling Price

$1,565,000

67.83% more than GTA:

$932,500

Median Bidding

Underbidding - Trending to buyer market

-$39,000

GTA median: -$13,000

Median Number of Sales

5 sales

709 sales less than GTA:

714 sales

Median Number of Days on Market

11 days

11 days less than GTA:

22 days

Want more insights?Visit the Market Pulse


Schools and amenities

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