97 Lee Avenue
Toronto E02, ON
11 bath • 11,232 sqft • Investment • 222 days on market
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.
Listing Details
- Taxes (2025)
- $22,203
- Listed
- January 12, 2026
Price History
Listing history
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Property
- Lot Size
- 75 x 125 Feet
Utilities
- Sewer
- Storm
Location & Legal
- Cross Street
- Queen St. E & Lee Ave.
- Zoning
- Multi-Residential
- Possession
- Flexible
Commercial
- Business Type
- Apts - 6 To 12 Units
- Occupancy
- Tenant
Included
- Inclusions
- 10 fridges, 10 stoves, 6 dishwashers, 6 washers, 6 dryers, 2 coin operated washers, 2 coin operated dryers, elfs, window coverings, hot water tank
- Exclusions
- Tenants Property.
Community
Postal area M4E
- Population
- 25,473
- Private dwellings
- 11,581
- Median age
- 42.8
- Average household size
- 2.3
- Median household income
- $112,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E02 · last 12 months
- Median sold price
- $1,207,500
- Homes sold
- 528
- Median days on market
- 10
- Sale-to-list price
- 105.0%
Based on 528 recorded sales of commercial properties in Toronto E02 over the last 12 months.
Listed by
PROPERTY.CA INC.
Commercial figures
- Building area
- 11,232 sq ft
- Price per sq ft
- $756.68
- Annual property tax
- $22,203
- Tax per sq ft
- $1.98
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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