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    Toronto / Downtown / Church - Toronto

    5012 - 197 Yonge St

    For RentThe Massey Tower
    $2,000/mth
    Studio
    1 Bath
    0 Parking
    499 SQFT
    2 Days on Strata
    Est Lease Timeframe
    28 Days

    Listing History

    Unit Highlights

    Possession Date:
    February 16, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Windows Floor to Ceiling, Walkout To Balcony
    0 x 0ft
    Kitchen
    Laminate, Granite Counter, Built-in Appliances
    0 x 0ft
    Bathroom
    Ceramic Floor, 3 Piece Bath, Separate Shower
    0 x 0ft

    About this Listing

    Beautiful Studio apartment located on the 50th floor of The Massey Tower! This sought-after corner unit offers awe-inspiring panoramic views of downtown Toronto, including the iconic CN Tower and the bustling cityscape. Bright and spacious, the layout is both functional and inviting. Floor-to-ceiling windows flood the space with natural light, while elegant laminate flooring enhances its contemporary charm. Open concept Kitchen with granite countertop, hi-end appliances and undermount sink adds to the convenience. Lots of storage space with the use of Locker. Relax on the balcony, a perfect spot to soak in the vibrant cityscape. Enjoy unparalleled convenience with the TTC, Eaton Centre, Financial District, and St. Michael's Hospital just steps away. Walking Distance To TMU ( Ryerson University). State of the art amenities Steam Room, Sauna, Piano Bar, Cocktail Lounge, Party Room, Guest Suites, Rain Room, Bicycle Room, Rooftop Garden, 24hr concierge, Gym, & much more! Tenant is responsible for water, cable/internet, and electricity. Don't miss the opportunity to make this stunning unit yours!

    ExtrasFridge, Stove, Hoodfan, Dishwasher, Washer & Dryer. All electrical light fixtures and window coverings. Use of Locker.

    century 21 heritage group ltd.MLS® #C11921806

    Amenities

    Concierge
    Sauna
    Indoor Pool
    Media Room
    Party Room
    Guest Suites

    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
    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
    25
    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

    -15%
    Decrease in property value within the past twelve months

    Price Ranking

    15th
    Highest price per SQFT out of 91 condos in the Church - Toronto area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    179
    Units were Rented over the past twelve months

    Best Value Rank

    The Massey Tower offers the
    ?
    best value out of 91 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    The Massey Tower has the
    ?
    highest ROI out of 91 condos in the Church - Toronto neighbourhood

    Rental Yield

    The Massey Tower yields the
    ?
    highest rent prices out of 91 condos in the Church - Toronto neighbourhood

    High Demand

    The Massey Tower is the
    ?
    most popular building out of 91 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 - $845,000No Data$755,000 - $1,179,000
    Avg. Cost Per Sqft$1,750$1,060$969$911No Data$1,162
    Avg. Wait for Unit Availability60 Days29 Days46 Days123 DaysNo Data100 Days
    Ratio of Units in Building20%39%29%8%1%7%

    Transactions vs Inventory

    Total number of units listed and leased in Church - Toronto