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    Toronto / Downtown / Church - Toronto

    5504 - 197 Yonge St

    For RentThe Massey Tower
    $2,300/mth
    1 Bed
    1 Bath
    0 Parking
    520 SQFT
    19 Days on Strata
    Est Lease Timeframe
    29 Days

    Listing History

    Unit Highlights

    Possession Date:
    December 5, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    East
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Dining
    Combined with Living, East View, Laminate
    14.4 x 14.01ft
    Living
    Combined with Dining, Walkout To Balcony, Laminate
    14.4 x 14.01ft
    Kitchen
    Built-in Appliances, Centre Island, Laminate
    14.4 x 14.01ft

    About this Listing

    Located In The Heart Of Toronto On Yonge Street.Easy Walk To Queen Subway, Financial District, Eaton Center.The Perfect One Bedroom Layout With Stunning Unobstructed Views From The 55th Floor At The Award Winning Massey Tower. Featuring A Bright Kitchen With Sleek Built In Appliances, Huge Kitchen Island/Dining Table, Lots Of Storage Space, Large Bedroom With Floor To Ceiling Windows. 100 Walk Score & 100 Transit Score.

    ExtrasFridge, Stove Top, Built-In Oven, Built-In Hood Fan, Built-In Dishwasher, Custom Blinds, Stacked Washer/Dryer

    bay street group inc.MLS® #C11882089

    Amenities

    Rec Room
    Indoor Pool
    Concierge
    Party Room
    Sauna
    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!

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    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
    30
    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

    -20%
    Decrease in property value within the past twelve months

    Price Ranking

    10th
    Highest price per SQFT out of 77 condos in the Church - Toronto area

    Sold Units

    17
    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$600,000$545,000 - $639,000$598,000 - $648,000$808,000 - $901,000No Data$755,000 - $1,179,000
    Avg. Cost Per Sqft$1,750$1,057$969$978No Data$1,160
    Avg. Wait for Unit Availability58 Days31 Days43 Days123 DaysNo Data100 Days
    Ratio of Units in Building21%38%30%8%1%7%

    Transactions vs Inventory

    Total number of units listed and leased in Church - Toronto