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$8,599,000
Status: OFF MARKET
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 (2021-24). 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. 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 that is almost complete. Suite 10 is also now vacant!
| Property Type | :Commercial |
|---|---|
| MLS Number | :E12009904 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :10 Mar, 2025 (270 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M4E 2P2
|
| Price | : $8,599,000 |
|---|---|
| Property Taxes | :$22203.33 |
| Tax Year | :2024 |
|---|
| Bedrooms | :9 + 8 |
|---|---|
| No. of Rooms | :43 |
| Air Conditioning | :Wall Unit |
| Heating | :Baseboard |
| Cross Street | :Queen St. E & Lee Ave. |
| Bathrooms | :11 |
|---|---|
| Fuel | :Electric |
| Elevator | :No |
| Kitchen | :3.85 m x 2.43 m |
|---|---|
| Office | :2.74 m x 2.07 m |
| 2nd Br | :3.72 m x 2.74 m |
| Loft | :3.70 m x 3.63 m |
| Living | :6.57 m x 3.85 m |
| 2nd Br | :3.42 m x 2.71 m |
| Living | :9.08 m x 4.97 m |
|---|---|
| Br | :4.05 m x 3.11 m |
| 3rd Br | :3.67 m x 2.74 m |
| Kitchen | :3.85 m x 2.38 m |
| Br | :4.10 m x 2.71 m |
| Loft | :4.09 m x 4.01 m |
| Exterior Finish | :Brick |
|---|---|
| Basement | :Apartment |
| Garage | :None |
|---|
10 Mar, 2025
TREB #E12009904
Available
$8599000.0
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