40
97 Lee Avenue
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$8,699,000 List $8,699,000 Terminated
Terminated 161 days ago
· 9+8
· 11
· 10
· -
Listing History
Buy/Sell/Terminated/Expired listing history for 97 Lee Avenue
Key Facts
Key facts for 97 Lee Avenue
Property Type
Apartment, 3-Storey
Parking
None 0 garage, 10 parking
MLS #
E11943898
Size
-
Basement
Apartment
Listed on
2025-01-28
Lot size
75 x 125.0
Tax
$22,203.33 /yr
Days on Market
202
Approximate Age
-
Maintenance Fee
-
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 meti...culously 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 is also now vacant!
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