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    Toronto / Downtown / City Center - Toronto

    5102 - 197 Yonge St

    For SaleThe Massey Tower
    $999,000
    2 Beds
    2 Bath
    1 Parking
    880 SQFT
    12 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $908/mth
    Taxes:
    $3,971 (2023)
    Cost Per Sqft:
    $1,135/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Combined with Dining, Walkout To Balcony
    15.68 x 21.49ft
    Dining
    Hardwood Floor, Combined with Living, Walkout To Balcony
    15.68 x 21.49ft
    Kitchen
    Built-in Appliances, Open Concept, Centre Island
    18.31 x 12.11ft

    About this Listing

    Breathtaking Views in Toronto's Iconic Massey TowerExperience luxurious downtown living in this nearly new 2-bedroom, 2-bathroom condo at the renowned Massey Tower, offering sweeping, unobstructed views of the Toronto skyline and Lake Ontario. Just under 5 years old, this unit features stunning floor-to-ceiling windows, elegant hardwood flooring, and smooth ceilings throughout. The chef-inspired kitchen boasts modern built-in appliances, perfect for cooking and entertaining.Key Features:2 Spacious Bedrooms & 2 Full WashroomsGorgeous Hardwood FloorsFloor-to-Ceiling Windows with Clear City & Lake ViewsBeautiful Kitchen w/ Premium Built-In Appliances1 Parking Space & 1 Locker IncludedLocated steps from the Eaton Centre (30-second walk), Dundas Square, and the Yonge subway station. Just minutes from Toronto Metropolitan University (Ryerson) and St. Michael's Hospital, making this location unbeatable.Don't miss the opportunity to live in one of Toronto's most prestigious addresses

    ExtrasAll Existing Appliances, ELF's, Washroom Mirrors. Located In A Very Convenient Location of-Toronto Accessible To Local Transit (No Car Required). Close To Financial District & Restaurants. Must See

    re/max real estate centre inc.MLS® #C9305897

    Amenities

    Media Room
    Rooftop Deck
    Rec Room
    Security System
    Gym Room
    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
    46,209
    Average Individual Income
    $71,441
    Average Household Size
    3 persons
    Average Age
    44
    Average Household Income
    $121,921
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    19%
    50 - 64
    21%
    65+
    18%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    49%
    High Rise Apartment
    22%
    Semi Detached
    14%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    65%
    Other
    14%
    Mandarin
    10%
    Cantonese
    8%
    Spanish
    1%
    Tagalog
    1%
    Tamil
    1%
    Education
    University and Above
    34%
    High School
    25%
    College
    16%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    24%
    Architecture & Engineering
    21%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    5%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    The Massey Tower vs The City Center - Toronto Area

    Building Trends At The Massey Tower

    Days on Strata

    Units at The Massey Tower spend an average of
    34
    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 City Center - Toronto

    Turnover of Units

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

    Property Value

    -24%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 33 condos in the City Center - Toronto area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    178
    Units were Rented over the past twelve months

    Best Value Rank

    The Massey Tower offers the
    ?
    best value out of 33 condos in the City Center - Toronto neighbourhood

    Appreciation Rank

    The Massey Tower has the
    ?
    highest ROI out of 33 condos in the City Center - Toronto neighbourhood

    Rental Yield

    The Massey Tower yields the
    ?
    highest rent prices out of 33 condos in the City Center - Toronto neighbourhood

    High Demand

    The Massey Tower is the
    ?
    most popular building out of 33 condos in the City Center - 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$1,273
    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 City Center - Toronto