MLS® listing
97 Lee Avenue: multiplex for sale
$8,449,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 5000 + |
|---|---|
| Style | 3-Storey |
| Basement | Apartment |
| Lot width | 75 |
| Lot depth | 125 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 10 |
| Garage | None |
| Heating | Baseboard |
| Cooling | Wall Unit(s) |
| Kitchens | 10 |
| Rooms | 0 |
| Property tax | $22,203 |
| Tax year | 2026 |
| Parking | Private |
| Interior features | None |
Listing courtesy of PROPERTY.CA INC.. MLS® E13780770.
About this multiplex
97 Lee Avenue is a 17 bedroom multiplex in TRREB's The Beaches community in Toronto, listed for sale at $8,449,000. The listing shows 11 bathrooms and 5000 + square feet. The style is given as 3-storey. The lot is listed as 75 by 125 feet. The listing gives the basement as apartment. It comes with 10 parking spaces according to the listing. The nearest main intersection given is Queen St. E & Lee Ave..
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 97 Lee Avenue
At the asking price of $8,449,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $8,449,000 |
|---|---|
| Ontario land transfer tax | $197,700 |
| Toronto municipal land transfer tax | $384,160 |
| Both taxes | $581,860 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $1,689,800 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $22,203 a year, about $1,850 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as baseboard.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 75 by 125 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 10 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About The Beaches
A house-led lakefront neighbourhood in the east end, served by the Queen and Kingston Road streetcars rather than the subway. Most sales are detached and semi-detached houses.
Transit: 501 Queen and 503 Kingston Rd streetcars; 64 Main, 92 Woodbine South and 22 Coxwell buses; Line 2 Bloor Danforth at Main Street and Woodbine stations to the north; Danforth GO (Lakeshore East and Stouffville lines) at 213 Main Street
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,600,000 | 70 sales, average $1,785,961 |
| Detached | About $2,368,000 | 32 sales, average about $2,397,000 |
| Semi-detached | About $1,350,000 | 23 sales, average about $1,396,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,544,000 | 4 sales, average about $1,410,000 |
| Condo apartment | About $900,000 | 7 sales, average about $1,088,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about The Beaches
Is The Beaches a good place to live?
On housing and amenities it is a house-led market beside the lake, with four City parks, a recreation centre and a library branch on Queen Street East. The trade-off is transit, since the nearest subway stations are Main Street and Woodbine on Line 2, reached by bus.
How much is a house in The Beaches?
From April to June 2026 the detached median was about $2,368,000 across 32 sales and the semi-detached median about $1,350,000 across 23 sales (TRREB). The all property types median was $1,600,000 across 70 sales.
Is there a subway in The Beaches?
No. The 64 Main and 92 Woodbine South buses run north to Main Street and Woodbine stations on Line 2 Bloor Danforth. The 501 Queen and 503 Kingston Rd streetcars also serve the area (TTC).
Are there condos in The Beaches?
A few. TRREB recorded 7 condo apartment sales from April to June 2026 at a median of about $900,000. In the 2021 Census only 7.6% of households lived in apartment buildings of five or more storeys.
Is The Beaches a heritage conservation district?
Part of it is. The City of Toronto designated the Kingswood Road South heritage conservation district in 2010, in the Balmy Beach area. Check whether a specific address falls inside it before planning exterior changes.
Is there a GO station near The Beaches?
Danforth GO station, at 213 Main Street beside Main Street subway station, is on the Lakeshore East and Stouffville lines (TTC).
Read the The Beaches neighbourhood guide · All The Beaches homes for sale
Similar homes for sale in The Beaches
$2,299,00080 Elmer Avenue, Toronto, ON M4L 3R75 bedrooms · 4 bathrooms · DetachedListed by ROYAL LEPAGE ESTATE REALTY. MLS® E13765230
$4,499,0004 Neville Park Boulevard, Toronto, ON M4E 3P65 bedrooms · 4 bathrooms · DetachedListed by HARVEY KALLES REAL ESTATE LTD.. MLS® E13871354
$1,299,000130 Elmer Avenue, Toronto, ON M4L 3R85 bedrooms · 2 bathrooms · DetachedListed by KELLER WILLIAMS ADVANTAGE REALTY. MLS® E13820270
$1,695,000256 Woodbine Avenue, Toronto, ON M4L 3P25 bedrooms · 3 bathrooms · TriplexListed by HOUSESIGMA INC.. MLS® E13837490
$2,499,90097 Beech Avenue, Toronto, ON M4E 3H55 bedrooms · 4 bathrooms · DetachedListed by UNION REALTY BROKERAGE INC.. MLS® E13835160
$1,999,00030 Duart Park Road, Toronto, ON M4E 1J25 bedrooms · 3 bathrooms · DetachedListed by NEST SEEKERS INTERNATIONAL REAL ESTATE. MLS® E13857174
Questions about 97 Lee Avenue
How much is land transfer tax on 97 Lee Avenue?
At the asking price of $8,449,000 the Ontario tax is $197,700 and the Toronto tax is $384,160, $581,860 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 97 Lee Avenue?
$1,689,800 at the asking price of $8,449,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 97 Lee Avenue?
The listing shows $22,203 a year for 2026, about $1,850 a month.
How do I book a showing for 97 Lee Avenue?
Use the form on this page or call us. Quote MLS® E13780770. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 97 Lee Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.