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    For Sale
    $8,299,000
    9 Beds + 8
    11 Bath
    10 Parking
    75 x 125 FT
    36 Days on Strata
    Est Sell Timeframe
    6 Days

    Listing History

    Property Highlights

    Property Size:
    No Data
    Driveway:
    Private
    Basement:
    Apartment
    Garage:
    None
    Taxes:
    $22,203 (2024)
    Fireplace:
    Yes
    Possession Date:
    To Be Determined
    Buyer's Market
    Balanced
    Seller's Market

    Property Details

    Type
    Multiplex
    Exterior
    Brick
    Style
    3 Storey
    Central Vacuum
    No Data
    Basement
    Apartment
    Age
    Built

    Utility Type

    Air Conditioning
    Wall Unit
    Heat Source
    Electric
    Heating
    Baseboard

    Land

    Fronting On
    No Data
    Lot Frontage & Depth (FT)
    75 x 125
    Lot Total (SQFT)
    9,375
    Pool
    None
    Intersecting Streets
    Queen St. E & Lee Ave.

    Room Dimensions

    Kitchen (Main)
    Renovated, Stainless Steel Appliances, Eat-In Kitchen
    12.63 x 7.97ft
    Living (Main)
    Hardwood Floor, Bay Window, Open Concept
    29.79 x 16.31ft
    Office (Main)
    Built-in Closet, Window, Hardwood Floor
    8.99 x 6.79ft

    About 97 Lee Ave

    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.

    ExtrasSuites 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.

    forest hill real estate inc.MLS® #E9372819


    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    35,043
    Average Individual Income
    $59,283
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $105,097
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    17%
    50 - 64
    22%
    65+
    21%
    Household Income
    $0 - $30,000
    51%
    $30,000+
    26%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    2%
    Housing Types & Tenancy
    Detached
    40%
    Semi Detached
    24%
    High Rise Apartment
    18%
    Low Rise Apartment
    8%
    Duplex
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    54%
    Cantonese
    15%
    Other
    13%
    Mandarin
    11%
    Tamil
    4%
    Tagalog
    2%
    Urdu
    1%
    Education
    University and Above
    30%
    High School
    27%
    None
    18%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Math & Computer Sciences
    8%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Days on Strata

    Houses spend an average of
    15
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, houses sell for
    4%
    above
    the list price

    Offer Competition

    Houses in The Beaches have an
    AVERAGE
    Chance of receiving
    Multiple Offers
    compared to other neighbourhoods

    Sales Volume

    The Beaches has the
    1st
    Highest number of sales transactions among 6 neighbourhoods in the East End area

    Property Value

    2%
    Increase in property values within the past twelve months

    Price Ranking

    1st
    Highest average house price out of 6 neighbourhoods in the East End area

    Sold Houses

    175
    Houses were sold over the past twelve months

    Rented Houses

    182
    Houses were rented over the past twelve months

    Sales Trends in The Beaches

    House TypeDetachedSemi-DetachedRow Townhouse
    Avg. Sales Availability5 Days7 Days48 Days
    Sales Price Range$800,000 - $3,925,000$951,000 - $2,465,000$1,020,000 - $2,700,000
    Avg. Rental Availability9 Days7 Days63 Days
    Rental Price Range$1,450 - $22,000$1,495 - $7,000$2,330 - $5,500