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MultiplexListed 30 days ago

$8,449,000

97 Lee Avenue, Toronto, ON M4E 2P2

The Beaches · Toronto · M4E 2P2

Listing brokerage: PROPERTY.CA INC.

Beds
9+8
Baths
11
Sq ft
5000 +
Parking
10

Monthly costs

Property taxes

$1,850/mo

$22,203 a year (2026)

The home

Lot size
75 × 125 ft
Style
3-Storey
Basement
Apartment
Parking
10 spots
Faces
West
Heating · cooling
Baseboard, Wall Unit(s)
Possession
Flexible

About this home

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.

All details22 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing

Interior

Bedrooms
9+8
Bathrooms
11
Kitchens
10
Rooms
0
Den / family room
Yes
Size
5000 + sq ft
Fireplace
Yes

Heating & Cooling

Heat source
Electric

Parking

Covered spaces
0

Features

  • Private

Exterior & Lot

Exterior
Brick
Roof
Membrane
Foundation
Concrete Block, Brick

Utilities

Sewer
Sewer

Taxes & Fees

HST
In Addition To

Listing

MLS® number
E13780770
Type
Multiplex
Transaction
For Sale
Neighbourhood
The Beaches
Cross streets
Queen St. E & Lee Ave.
Rooms · 23Kitchen ×2, Living Room ×2, Office, Bedroom ×2, Bedroom 2 ×2, Bedroom 3, Loft ×2, Washroom ×11
  • Kitchen

    Main

    3.85 × 2.43 m · 12′8″ × 8′0″

    Renovated, Stainless Steel Appl, Eat-in Kitchen

  • Living Room

    Main

    9.08 × 4.97 m · 29′9″ × 16′4″

    Hardwood Floor, Bay Window, Open Concept

  • Office

    Main

    2.74 × 2.07 m · 9′0″ × 6′9″

    B/I Closet, Window, Hardwood Floor

  • Bedroom

    Second

    4.05 × 3.11 m · 13′3″ × 10′2″

    Hardwood Floor, Window, Closet

  • Bedroom 2

    Second

    3.72 × 2.74 m · 12′2″ × 9′0″

    3 Pc Ensuite, Walk-In Closet(s), W/O To Terrace

  • Bedroom 3

    Second

    3.67 × 2.74 m · 12′0″ × 9′0″

    Hardwood Floor, Large Window, Closet

  • Loft

    Third

    3.70 × 3.63 m · 12′2″ × 11′11″

    Fireplace, Balcony, Hardwood Floor

  • Kitchen

    Main

    3.85 × 2.38 m · 12′8″ × 7′10″

    Renovated, Stainless Steel Appl, Breakfast Bar

  • Living Room

    Main

    6.57 × 3.85 m · 21′7″ × 12′8″

    Hardwood Floor, Open Concept, Combined w/Dining

  • Bedroom

    Second

    4.10 × 2.71 m · 13′5″ × 8′11″

    Hardwood Floor, Large Window, Closet

  • Bedroom 2

    Second

    3.42 × 2.71 m · 11′3″ × 8′11″

    Hardwood Floor, Closet, Large Window

  • Loft

    Third

    4.09 × 4.01 m · 13′5″ × 13′2″

    Balcony, Fireplace, Hardwood Floor

  • 6 × 4-piece washroom

    Second

  • 3-piece washroom

    Second

  • 4 × 4-piece washroom

    Lower

History

Past listings and sales for this home and building.

Location

97 Lee Avenue, Toronto, ON M4E 2P2 · Near Queen St. E & Lee Ave.

Monthly cost

Estimated monthly cost

$39,261/mo

Mortgage
$37,410
Property tax
$1,850
Down payment$1,689,800 · 20%
Interest rate4.50%

Amortization

Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.

The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

$8,449,000

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