Gurvinder Nokwal REALTOR®
For Sale Multiplex 34 days on market

$8,449,000

Est. payment $37,410/moCalculate yours

97 Lee Avenue, Toronto, ON M4E 2P2

The Beaches, Toronto, ON M4E 2P2

  • 9 + 8 Beds
  • 11 Baths
  • 5,000 Sq Ft
Map

Listing courtesy of PROPERTY.CA INC. MLS® E13780770

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 75×125 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.

Property details

Overview

Property Type
Multiplex
Style
3-Storey
For
For Sale
Status
New
Size
5,000 sqft

Interior

Bedrooms
9 + 8
Bathrooms
11
Kitchens
10
Total Rooms
0
Basement
Apartment

Building & Systems

Heating
Baseboard (Electric)
Cooling
Wall Unit(s)
Exterior
Brick
Foundation
Concrete Block, Brick
Roof
Membrane
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
75 x 125 Feet
Parking
None garage · 10 total
Zoning
Multi-Residential

Financial

Property Taxes
$22,203 (2026)

Location

Neighbourhood
The Beaches
Cross Street
Queen St. E & Lee Ave.
Direction Faces
West

Listing

MLS® Number
E13780770
Days on Market
34
Listed On
2026-09-14
Possession
Flexible
Listed By
PROPERTY.CA INC.

Rooms

Room Level Dimensions
Loft Third 13′ 5″ × 13′ 2″
Living Room Main 21′ 7″ × 12′ 8″
Kitchen Main 12′ 8″ × 7′ 10″
Kitchen Main 12′ 8″ × 8′ 0″
Loft Third 12′ 2″ × 11′ 11″
Bedroom 3 Second 12′ 0″ × 9′ 0″
Bedroom 2 Second 11′ 3″ × 8′ 11″
Living Room Main 29′ 9″ × 16′ 4″
Office Main 9′ 0″ × 6′ 9″
Bedroom Second 13′ 3″ × 10′ 2″
Bedroom 2 Second 12′ 2″ × 9′ 0″
Bedroom Second 13′ 5″ × 8′ 11″

Features

Interior

  • None

Pool

  • None
Included
10 fridges, 10 stoves, 6 dishwashers, 6 washers, 6 dryers, 2 coin operated washers, 2 coin operated dryers, elfs, window coverings, hot water tank.
Excluded
Tenants Property.

Mortgage calculator

Minimum for this price: $1,689,800 (20%)

Amortization, years

Estimated mortgage payment

$37,410 per month

Principal and interest
$37,410
Property tax
$1,850
Estimated monthly cost
$39,261

Your mortgage

Mortgage amount
$6,759,200
Mortgage insurance
Not needed
Interest over 25 years
$4,463,903

Cash to close

Down payment
$1,689,800
Land transfer tax (Ontario + Toronto)
$528,870
Total, before legal fees
$2,218,670
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

97 Lee Avenue, Toronto, ON M4E 2P2 The Beaches, Toronto, ON M4E 2P2
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$8,449,000 97 Lee Avenue, Toronto, ON M4E 2P2
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