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    5311 - 197 Yonge Street

    For RentThe Massey Tower
    $2,500/mth
    1 Bed + 1
    1 Bath
    0 Parking
    600 - 699 SQFT
    21 Days on Strata
    Est Lease Timeframe
    26 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    West
    Locker:
    Owned
    Possession Date:
    May 1, 2024
    Lease Term:
    1 Year
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Building Maintenance
    Excluded
    Hydro
    Heat
    Water

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Forced Air
    Ensuite Laundry
    No

    Room Dimensions

    Living
    Combined with Dining, Walkout To Balcony
    14.9 x 14.9ft
    Dining
    Combined with Family, Walkout To Balcony
    14.9 x 14.9ft
    Kitchen
    Combined with Dining, Open Concept
    14.9 x 14.9ft

    About this Listing

    Welcome To The Immaculate Unit With The Most Spectacular View Of Toronto ! An Opportunity To Live In A Piece Of History With Luxury Amenities & Conveniences At Your Doorstep! Walking Distance To: The Eaton Centre, Ttc Ryerson, And University Of Toronto.

    ExtrasFridge, Cooktop, Oven, Microwave, Dishwasher, W&D, Roll Down Shades, & Storage Locker. Amenities Incl: Door Man, 24 Hr Concierge, Steam Rm, Rain Rm, Sauna, Cocktail Lounge, Piano Bar, Outdoor Terrace, Fitness Facility, & More!

    cityscape real estate ltd.MLS® #C8226924


    Amenities

    Rooftop Deck
    Concierge
    Indoor Pool
    Media Room
    Sauna
    Party Room

    Nearby Amenities

    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!

    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
    Household Income
    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%

    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
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 42 condos in the City Centre area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    169
    Units were Rented over the past twelve months

    Best Value Rank

    The Massey Tower offers the
    ?
    best value out of 42 condos in the City Centre neighbourhood

    Appreciation Rank

    The Massey Tower has the
    ?
    highest ROI out of 42 condos in the City Centre neighbourhood

    Rental Yield

    The Massey Tower yields the
    ?
    highest rent prices out of 42 condos in the City Centre neighbourhood

    High Demand

    The Massey Tower is the
    ?
    most popular building out of 42 condos in the City Centre neighbourhood

    Transaction Insights at 197 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$432,000 - $560,000$562,000 - $680,000$645,000 - $830,000$901,000 - $985,000No Data$1,019,000 - $1,108,000
    Avg. Cost Per Sqft$1,390$1,231$1,158$1,185No Data$1,235
    Avg. Wait for Unit Availability50 Days27 Days41 Days110 DaysNo Data102 Days
    Ratio of Units in Building21%38%29%8%1%7%

    Maintenance Fees

    The Massey Tower vs The City Centre Area

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