197 Yonge St Condos, Toronto

Downtown Real Estate Condos for Sale and Rent


197 Yonge St, Toronto M5B1M4

The Massey Tower was built by MOD Developments Inc. and completed in year 2019.

There are total 60 floors and approximately 694 units.

The building currently has 11 units on sale, and 13 for lease.

Condo monthly management fee includes: Heat and CAC.

Condo facility includes: Gym, Concierge, Rooftop Deck/Garden, Party/Meeting Room, Guest Suites, Indoor Pool and Sauna.

Condo Building Analysis

For Sale

Condo values have decreased 12.7% compared with the same period last year.

Maintenance costs have increased 11% compared with last year.

Recent Adjusted Sold Price Range (Excluding Parking/Locker)
$700 – $810/sqft

For Lease

Rent levels have remained relatively stable compared with the same period last year.

Recent Rent Range
$3.46 – $4.89/sqft

How This Condo Compares

Price Position
6.1% Lower
Recent sale prices are below similar-age condos in the community.
Maintenance Cost
20.2% Higher
Adjusted maintenance costs are above similar-age condo buildings in the community.
Effective Cost
16.9% Higher
Estimated occupancy costs are higher than similar-age condo buildings in the community after adjusting for included utilities.


School Information

Local Area Profile

This property is located in an area with a significant rental housing presence with a strong concentration of apartment and condominium housing. Approximately 72% of residents hold a bachelor's degree or higher, while about 12% have a college credential. Public transit is commonly used by local commuters, alongside driving.



Commute Information

Toronto Subway Queen Subway Station: 0.1km (~2 mins walk)
GTA Go Train Union Go Train Station (0.9km)

Active listings

Unit Beds Baths Parkings Space(Sqf) Price($)
1 55,000
4211 1+1 1 1 600-699 600,000
3113 1 0 0-499 409,900
3802 2 2 1 800-899 712,950
1 40,000
1701 1 1 0 500-599 495,000
4213 1 0 0-499 390,000
4810 1+1 1 0 600-699 528,000
2204 1 1 1 500-599 489,000
4209 3 2 1 800-899 790,000
5611 1+1 1 1 600-699 625,000


Location



Building's Remark

Other Information

If you plan to buy or sell a condo or want to learn more about real estate investment opportunities in Toronto, please contact Toronto real estate agent Alan Zheng at 647-877-9311.

Looking beyond Downtown? Explore current market updates and properties with our dedicated Richmond Hill real estate, Markham real estate, and Vaughan real estate guides.



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