Toronto E02 M4E 2P2

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Bathrooms: 11
Pets: Pets No

Financials

Price:C8,549,000
($6,124,846)
(€5,223,972)
Annual Taxes:C22,203.33
505 Park Ave, New York, NY 10022

Description

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 were completely remodeled to luxury status (2021/25). Suite 10 is also now vacant and almost complete in its renovation and restoration, with only final touch-ups remaining before its ready for occupancy.

Amenities

  • Public Transit
  • Recreation/Community Centre

Boutique living redefined in the heart of the Beaches.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.