Salehian.com 647-325-5000

97 Lee Avenue

The Beaches, Toronto, M4E 2P2

$8,449,000

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  • 11 bathrooms

Listed 36 days ago · MLS® E13780830

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 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.

Details

Type
Investment
Lot
75 × 125 ft
Garage
None
Property tax
$22,203 (2026)
Neighbourhood
The Beaches
Municipality
Toronto E02

Interior

Bathrooms
11 × bathroom

Heating, cooling and services

Heating
Baseboard
Air conditioning
Yes
Water and sewer
Storm
Utilities
Yes

Building and exterior

Building area
11,232 Square Feet

More

Possession
Flexible
Cross street
Queen St. E & Lee Ave.
Business type
Apts - 6 To 12 Units

History of this address

20 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Main Street Subway2.0 km
  • 🚇 Woodbine Subway2.1 km
  • 🚆 Danforth GO1.7 km

Within a 10-minute walk: 5 grocery stores, 44 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Foodland (50 m). Nearest park: Kew Gardens (300 m).

Schools nearby

Elementary

  • Avalon Children's Montessori School Private2 min walk
  • Boardwalk Montessori School Private4 min walk
  • Sandpiper Montessori School Private5 min walk
  • Williamson Road Junior Public School
    EQAO: Gr 6 reading 97%, math 73%    7 min walk

Secondary

  • Glen Ames Senior Public School6 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M4E

Owners / renters
64% / 36%
Median household income
$112,000
Average age
41
Children under 15
17%
Homes
28% detached, 8% high-rise
Commute by transit
20%
Population
25,473

Languages spoken most at home besides English: Spanish 0.7%, Yue (Cantonese) 0.5%, Mandarin 0.4%, Portuguese 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in The Beaches (2025): 31% below the Toronto average, down 11% from the year before.

  • Assault32% below average
  • Break and enter20% below average
  • Auto theft27% below average
  • Robbery68% below average
  • Theft from vehiclesabout average
  • Shootingsnone reported

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby

  • 2040 QUEEN ST E · 50 m
    Official Plan / Zoning By-law Amendment · Closed · applied 2024
    To demolish the existing two-storey mixed-use building and construct a 6-storey (20 metres not including MPH) mixed-use building with retail fronting Queen…
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 7 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Building permits

No building permits at this address since 2014.

3 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

49 City street trees within 100 m. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by PROPERTY.CA INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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