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    Toronto / Downtown / Church - Toronto

    5709 - 197 Yonge St

    For SaleThe Massey Tower
    $1,199,999
    3 Beds
    2 Bath
    1 Parking
    800 - 899 SQFT
    9 Days on Strata
    Est Sell Timeframe
    15 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,101/mth
    Taxes:
    $4,707 (2024)
    Cost Per Sqft:
    $1,335 - $1,500/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    February 26, 2025
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Built-in Appliances, Open Concept, Walkout To Balcony
    10.93 x 10.6ft
    Living
    Picture Window, Sw View, Walkout To Balcony
    16.93 x 9.25ft
    Dining
    Centre Island, Sw View, Combined with Kitchen
    16.93 x 9.25ft

    About this Listing

    Phenomenal Million Dollar View! Luxurious SW Facing 3 Br 2Bath Suite W/ Huge Wrap Around Terrace, Lake & CN Tower Views. Large, Sunny & Spacious. Perfect For Entertaining. Open Concept W/ Modern Kitchen. The Massey Tower Inc. 5 Star Amenities 24/7 Concierge, Gym, Sauna, Steam, Piano Bar & Cocktail Lounge, Party Room, Guest Suites & More. Located Directly Across The Eaton Centre. Steps to Underground "PATH", Financial District, Hospitals, Universities, Theatres, Shopping, St. Lawrence Market, Subway, City Hall, Etc. The Lobby Is A Beautifully Restored 1905 Bank Building. Smart Parking-1st Condo In Toronto! A Piece Of Heaven To Make Your Home.

    bay street group inc.MLS® #C11936758

    Amenities

    Gym Room
    Guest Suites
    Party Room
    Security System
    Sauna
    Concierge

    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
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    5.3
    YEARS before being sold again

    Property Value

    -16%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 91 condos in the Church - Toronto area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    185
    Units were Rented over the past twelve months

    Best Value Rank

    The Massey Tower offers the
    ?
    best value out of 91 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    The Massey Tower has the
    ?
    highest ROI out of 91 condos in the Church - Toronto neighbourhood

    Rental Yield

    The Massey Tower yields the
    ?
    highest rent prices out of 91 condos in the Church - Toronto neighbourhood

    High Demand

    The Massey Tower is the
    ?
    most popular building out of 91 condos in the Church - Toronto neighbourhood

    Transaction Insights at 197 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$600,000$470,000 - $639,000$598,000 - $648,000$808,000 - $980,800No Data$755,000 - $1,179,000
    Avg. Cost Per Sqft$1,750$1,031$969$985No Data$1,162
    Avg. Wait for Unit Availability60 Days30 Days46 Days120 DaysNo Data100 Days
    Ratio of Units in Building20%39%29%8%1%7%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto