97 Lee Ave

Toronto E02 | The Beaches | M4E 2P2
  • 9 + 8
  • 11
  • 0

$8,299,000

Est. Mtg $28,140 /mo
  • Days on market

    8

  • Status

    New

Listing Broker FOREST HILL REAL ESTATE INC.
Since listed: 0 views

Home details

MLS #:

E9372819

Property type:
Multiplex
Style:
3-Storey
Taxes:
$22,203
Possession:
TBD
Lot Front:
75.0   Feet
Lot Depth:
125.0   Feet
Basement:
Apartment |
Driveway Pkg:
10
Heat:
Electric | Baseboard

Description


97 Lee Ave, , Toronto, Ontario is a Multiplex property in Toronto E02 and in the The Beaches community in the M4E 2P2 postal code


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..


History

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List Date End Date List Price End Price Status MLS #
2018-11 2019-01 $950 $895 Ter N4310523
2019-01 2019-01 $895 $895 Ter N4327355
2019-01 2019-02 $895 $800 Lsd N4346794
2020-03 2020-03 $658,800 $639,900 Ter N4729315
2020-03 2020-04 $639,900 $613,500 Sld N4731604
2020-09 2020-10 $4,995,000 $4,665,000 Sld E4894505
2020-09 2021-01 $4,495 $3,994 Exp E4907097
2020-09 2021-01 $3,525 $2,845 Exp E4907115
2022-01 2022-03 $3,950 $3,750 Exp E5469998
2022-01 2022-02 $6,800 $5,600 Lsd E5469996
2022-01 2022-03 $3,950 $3,750 Exp E5469913
2022-03 2022-04 $3,650 $3,650 Lsd E5555069
2022-03 2022-05 $3,650 $3,650 Lsd E5555063
2023-01 2023-02 $6,399 $5,995 Lsd E5871849
2023-03 2023-04 $3,800 $4,000 Lsd E5963491
2023-10 2024-01 $3,500 $2,700 Lsd E7050506
2023-10 2023-11 $9,999,000 $9,499,000 Ter E7220020
2023-11 2024-01 $9,490,000 $9,390,000 Ter E7316736
2024-01 2024-03 $9,190,000 $8,990,000 Ter E8011556
2024-02 2024-04 $6,400 $6,900 Ter E8072962
2024-03 2024-03 $4,200 $4,200 Lsd E8106928
2024-03 2024-04 $8,890,000 $8,890,000 Ter E8110636
2024-04 2024-04 $8,790,000 $8,790,000 Ter E8191018
2024-04 2024-06 $5,900 $6,000 Lsd E8229078
2024-04 2024-06 $8,690,000 $8,498,950 Ter E8287530
2024-06 2024-06 $8,398,850 $8,398,950 Ter E8426156
2024-06 2024-07 $8,298,950 $8,298,950 Ter E8481408
2024-07 2024-07 $8,198,950 $8,198,950 Ter E9011480
2024-07 2024-07 $8,098,000 $8,098,000 Ter E9032848
2024-07 2024-09 $7,999,995 $7,999,995 Exp E9229592
2024-09 2024-09 $8,299,000 $8,299,000 New E9372819
2024-07 $8,198,950 $8,198,950 E9011564
2024-07 $8,098,000 $8,098,000 E9032840
2024-06 $8,690,000 $8,498,950 E8287512
2024-09 $7,999,995 $7,999,995 E9229593
2024-04 $8,790,000 $8,790,000 E8191124
2024-09 $8,299,000 $8,299,000 E9372826
2024-04 $8,890,000 $8,890,000 E8110556
2024-03 $9,190,000 $8,990,000 E8011398
2024-06 $8,398,950 $8,398,950 E8426160
2020-10 $4,995,000 $4,995,000 E4894503
2024-01 $9,490,000 $9,390,000 E7316814
2023-11 $9,999,000 $9,499,000 E7220024
2024-07 $8,298,950 $8,298,950 E8481616

Comparables

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sold Date Address List Price sold Price DOM
2020-10 97 Lee Ave, $4,995,000 $4,665,000 55

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto E02 :

Average sale price

$1,365,495

Properties sold

72

New Listings

112

Days on Market

9

Sale $ / List $

111%

Year on Year Growth

-5.56%



Estimated running costs for 97 Lee Ave

Based on available 3rd party data

$30125

Approximate costs per month

Mortgage
$28140 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1850 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker FOREST HILL REAL ESTATE INC.
Data Source: TRREB

Payment calculator

$29990 monthly. In association with: TD Bank
%
  • Principal and Interest
    28140 /mo
  • Property Taxes
    $1850 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Darshan Kakar, Realtor

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