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    Toronto / Downtown / Church - Toronto

    2614 - 197 Yonge St

    For SaleThe Massey Tower
    $645,000
    1 Bed + 1
    1 Bath
    0 Parking
    610 SQFT
    3 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $564/mth
    Taxes:
    $3,174 (2024)
    Cost Per Sqft:
    $1,057/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    November 1, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, North View, Large Window
    23.49 x 10.56ft
    Dining
    Laminate, Combined with Living, Open Concept
    23.49 x 10.56ft
    Kitchen
    Built-in Appliances, Laminate, Centre Island
    23.49 x 10.56ft

    About this Listing

    Spacious & Bright 1Bed + Den Unit On 26th Floor with Non-Obstructed City Views in prestigious Massey Tower, A combination of historic & modern luxurious design building, One of the Most Convenient Location in the core of downtown Toronto, Steps To Eaton Centre (30-second walk), Dundas Square, Queen St Subway Station, Ryerson University, St. Michael Hospital, Financial & Entertainment District, UofT, Restaurants & Shops. Open Concept Layout W/Beautiful, Modern Finishes Throughout, 9' Smooth-Finished Ceilings, Engineered Laminate Flooring *Enjoy Vibrant City Views From Floor To Ceiling Windows At Living/Dining Room/Den* 24 Hour Concierge, Fitness Centre, Guest Suites, Outdoor Terrace, Party Room *Great Lifestyle Of Work, Life, Play & Convenience*

    re/max hallmark realty ltd.MLS® #C9377388

    Amenities

    Party Room
    Media Room
    Concierge
    Rec Room
    Indoor Pool
    Security System

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    22%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    The Massey Tower vs The Church - Toronto Area

    Building Trends At The Massey Tower

    Days on Strata

    Units at The Massey Tower spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Church - Toronto

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    -25%
    Decrease in property value within the past twelve months

    Price Ranking

    13th
    Highest price per SQFT out of 77 condos in the Church - Toronto area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    181
    Units were Rented over the past twelve months

    Best Value Rank

    The Massey Tower offers the
    ?
    best value out of 77 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    The Massey Tower has the
    ?
    highest ROI out of 77 condos in the Church - Toronto neighbourhood

    Rental Yield

    The Massey Tower yields the
    ?
    highest rent prices out of 77 condos in the Church - Toronto neighbourhood

    High Demand

    The Massey Tower is the
    ?
    most popular building out of 77 condos in the Church - Toronto neighbourhood

    Transaction Insights at 197 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$432,000 - $500,000$545,000 - $639,000$598,000 - $660,000$845,000 - $901,000No Data$1,019,000 - $1,179,000
    Avg. Cost Per Sqft$1,224$1,048$977$1,055No Data$1,256
    Avg. Wait for Unit Availability50 Days30 Days41 Days118 DaysNo Data96 Days
    Ratio of Units in Building21%38%29%8%1%7%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto