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5508 - 197 Yonge Street
For RentThe Massey TowerEst Lease Timeframe 26 Days
$2,480/mth
Studio
1 Bath
0 Parking
353 SQFT
2 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Utilities Included:
Yes
Outdoor Space:
Balcony
Furnished:
Yes
Exposure:
South
Locker:
Owned
Possession Date:
April 28, 2024
Lease Term:
1 Year
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Hydro
Heat
Air Conditioning
Water
Building Maintenance
Building Insurance
Excluded
None
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- No Data
- Heating
- Forced Air
- Ensuite Laundry
- No
Room Dimensions
Room dimensions are not available for this listing.
About this Listing
eautiful & Functional Furnished Open Concept Unit (large studio). Breathtaking South Facing View Of Lake Ontario & Cn Tower, On The 55 Floor Spacious Balcony ,Steps To Queen Subway, Path System, Shopping, Theaters, Restaurants With Luxurious Downtown Lifestyle, Available For Immediate Rent. Luxurious Facilities, Lounge, Exercise Room, Sauna, Juice Bar, Guest Suites Etc. Close To Eaton Center, George Brown College, Ryerson University. University of Toronto.
homelife landmark realty inc.MLS® #C8271884
Amenities
Security System
Party Room
Concierge
Sauna
Indoor Pool
Gym 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%
Price Trends
Building Trends At The Massey Tower
Days on Strata
Units at The Massey Tower spend an average of
29
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
AVERAGEchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
4.9
YEARS before being sold againProperty Value
-6%
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
19
Units were Sold over the past twelve months
Rented Units
167
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
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | $432,000 - $560,000 | $562,000 - $680,000 | $645,000 - $830,000 | $901,000 - $985,000 | No Data | $1,019,000 - $1,108,000 |
| Avg. Cost Per Sqft | $1,406 | $1,256 | $1,123 | $1,185 | No Data | $1,235 |
| Price Range | $2,000 - $2,400 | $2,300 - $2,950 | $2,350 - $3,200 | $2,495 - $3,800 | No Data | $3,800 - $5,200 |
| Avg. Wait for Unit Availability | 50 Days | 26 Days | 42 Days | 110 Days | No Data | 102 Days |
| Avg. Wait for Unit Availability | 7 Days | 4 Days | 6 Days | 26 Days | No Data | 32 Days |
| Ratio of Units in Building | 21% | 38% | 29% | 8% | 1% | 7% |
Maintenance Fees
The Massey Tower vs The City Centre Area
