97 Lee Avenue

Introducing a remarkable opportunity: a Multi-Family Home for sale in Toronto , located at 97 Lee Avenue, Toronto. This exceptional property is situated in the sought-after community of The Beaches, an area renowned for its picturesque surroundings and vibrant atmosphere. The building itself is a three-storey multiplex, constructed from sturdy brick, and has undergone a significant two-year restoration programme, which commenced in 2021 and is set to conclude in 2025. With millions invested in upgrades, over 65% of the property’s square footage has been transformed to meet luxury standards, making this a prime investment opportunity.

This Multi-Family Home for sale in Toronto boasts a total of 43 rooms, including an impressive nine bedrooms and eight dens, providing ample space for families or tenants seeking comfort and privacy. The property features 11 bathrooms, ensuring that residents have convenient access to facilities. The kitchen area is particularly noteworthy, with nine well-appointed kitchens, plus an additional kitchen, making meal preparation a delight for all residents. The building is unfurnished, allowing new owners the flexibility to personalise the space to their liking.

In terms of amenities, this Multi-Family Home for sale in Toronto is equipped with wall unit air conditioning, ensuring a comfortable environment throughout the warmer months. While there is no central vacuum system, the property does feature a family room, ideal for gatherings and relaxation. A fireplace adds a touch of warmth and charm, making the living spaces inviting and cosy. Additionally, the property is connected to municipal water and sewer systems, ensuring convenience and reliability for all residents.

The outdoor space of this property is equally impressive. Nestled on a generous lot measuring 75 by 125 feet, the building offers a total of 11,000 square feet of living space. Although there is no pool, the property compensates with ten surface parking spots and ten personal storage lockers, catering to the needs of tenants and their vehicles. The private driveway further enhances the convenience of parking, making this Multi-Family Home for sale in Toronto an attractive proposition for potential buyers.

The location of 97 Lee Avenue, Toronto, is another key selling point. The Beaches community is known for its beautiful parks, including Kew Gardens, and its proximity to the boardwalk, which offers stunning views of Lake Ontario. Residents will also appreciate the easy access to the Financial District and other local amenities, making this property ideal for those who value both leisure and convenience.

The recent renovations have resulted in several suites, specifically Suites 1, 3, 4, 6, 8, and 10, being completely remodelled to luxury standards. Suite 10, in particular, has recently completed its renovation and restoration, making it the newest finished unit in the building. The upgrades have not only enhanced the aesthetic appeal of the suites but have also significantly increased their rental potential. The demand for large multi-level lofts with complete privacy and luxury renovations is evident, and this property is well-positioned to meet that demand.

In summary, this Multi-Family Home for sale in Toronto at 97 Lee Avenue, Toronto, represents an extraordinary investment opportunity in a prime location. With its luxurious upgrades, spacious living arrangements, and desirable community amenities, this property is poised to attract discerning tenants and savvy investors alike. Whether you are looking to expand your property portfolio or seeking a unique living space in The Beaches, this multi-family home is not to be missed.

The Beaches, often simply referred to as "The Beach," is a charming neighbourhood located along the eastern shores of Lake Ontario in Toronto. Renowned for its picturesque waterfront, this area boasts a series of sandy beaches, scenic boardwalks, and lush parklands, making it a perfect retreat for outdoor enthusiasts and families alike. The community is characterised by its quaint, tree-lined streets, featuring a delightful mix of historic homes, trendy boutiques, and inviting cafés. With a vibrant local culture and a strong sense of community spirit, The Beaches offers a relaxed, laid-back lifestyle while still being conveniently close to the bustling urban amenities of downtown Toronto. Whether you're enjoying a leisurely stroll along the shore or indulging in the local dining scene, The Beaches provides a unique blend of natural beauty and urban convenience.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Williamson Road Junior Public School (0.4 km) and Glen Ames Senior Public School (0.3 km), both part of the Toronto District School Board, offering quality education in English for grades JK to 8. For secondary education, Monarch Park Collegiate Institute, located 2.3 km away, boasts a commendable school rating of 8.3. Additionally, St. Denis Catholic School (0.7 km) and Notre Dame High School (1.1 km), both part of the Toronto Catholic District School Board, provide excellent Catholic education, with ratings of 8.8 and 8.6, respectively. Duke of Connaught Junior and Senior Public School (2.0 km) offers a French language program for grades JK to 8, while St. Brigid Catholic School (2.3 km) caters to younger students with a French curriculum. Overall, this area provides a diverse range of educational options, ensuring that children have access to quality schooling at all levels, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 517 residents, with an average household size of 2.4 individuals. The demographic profile reveals an average age of 39.6 years, indicating a mature community. The average household income is notably high at $222,000, with only 6% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $1,880,000. The community has a diverse social structure, with 40.48% of residents identifying as single and 46.67% living in households with children. Additionally, 13.68% of the population consists of immigrants, contributing to the area's cultural diversity. The rental market is significant, with 37.5% of residents renting their homes, while there are no condominiums in the area. Education levels are impressive, with 73.75% of residents holding a college or university degree. However, a notable 28.75% of the population is not in the labor force, which may reflect various lifestyle choices or retirement. Overall, this community combines affluence, educational attainment, and a mix of family structures, making it an attractive location for potential homebuyers.