$600,000

For sale

#4211 197 Yonge Street, Toronto (Church-Yonge Corridor) - Single Family for Sale

#4211 197 Yonge Street, Toronto (Church-Yonge Corridor), Ontario, M5B1M4

2 beds1 bath1 parking650 ft²$992/mo condo feeListed 254 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $600,000 asking price sits right in line with the $588,000 median in Toronto.

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Description

Welcome to Massey Tower, a luxurious residence on Yonge Street in the heart of Downtown Toronto. This bright and spacious 1-bedroom + den suite features a versatile den that can be used as a second bedroom, beautiful city skyline views, and a modern open-concept layout. The primary bedroom features a semi-ensuite bathroom and three large built-in closets, while the modern kitchen offers a stylish centre island. Enjoy the convenience of 24-hour concierge service and an unbeatable location just steps to the subway, TTC, Eaton Centre, shopping, dining, and entertainment. Close to Toronto Metropolitan University, St. Michael's Hospital, U of T, OCAD University, the Financial District, and Entertainment District. Excellent opportunity to enjoy luxury downtown living with everything at your doorstep. (id:66096)

Property Details

MLS®: C12817704
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $992/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,921.26/yr
Listed: 254 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

254d

Toronto (Church-Yonge Corridor) listings, avg age

63d

Price / ft²

$924

List price

$600K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Church-Yonge Corridor) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE LANDMARK REALTY INC. · BONNIE BO LI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5B)

This home lists at $600,000, about 10.3× the local median household income of $58,000.

Carrying it typically needs a household income of about $117,201 (20% down, 25-yr amortization, stress-tested) — roughly 102% above the area median.

Median household income: $58,000
Population: 17,422
Median age: 31.4
Owner / renter: 28% / 72%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5B)

$600,000· $924/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $35,000

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,600 capitalized)

Property tax (est.)$327/mo

Condo fee$992/mo

Total monthly$4,451

Cash Needed to Close

Down payment (5.83%)$35,000

Land transfer tax$16,950

Est. closing costs$4,300

Total cash needed$56,250

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