Welcome to this remarkable parking space located in the coveted neighborhood of Church-Yonge Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $40,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Secure a high-efficiency parking assets in the heart of downtown Toronto. Located at the prestigious Massey Tower (197 Yonge Street), this spot utilizes the "Boomerang" fully automated parking system-a sophisticated solution that eliminates the need for manual ramps. This is a strategic acquisition for current owners looking to increase their unit's utility and future resale value. Note: Per building bylaws, the purchaser must be an existing unit owner at 197 Yonge Street.
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This condo apartment located at 197 Yonge Street, Toronto is currently for sale and has been available on SousaSells for 22 days. This property is listed at $40,000 with an estimated mortgage of $133* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 197 Yonge Street, Toronto is in the Church-Yonge Corridor neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Church-Yonge Corridor, Toronto.
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
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The current listing price for 197 Yonge Street, Unit 41, Toronto, ON in Church-Yonge Corridor, Toronto is $40,000.
This property features 0 bedrooms and 0 bathrooms.
197 Yonge Street, Unit 41, Toronto, ON is a Parking Space () featuring a basement.
Interior highlights include: None.
Yes, this property offers parking space for 1.0 vehicle.
Heating is provided via standard central heat and cooling via .
Request a live agent video tour or get 3D virtual walkthrough access for 197 Yonge Street, Unit 41, Toronto, ON .
Toronto Average, Toronto
161 assaults (45.0/100k)
43 B&E (40.0/100k)
60 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
197 Yonge Street Toronto, Toronto
The building sits at the busiest intersection of downtown Toronto, where Yonge and Dundas converge. Foot traffic exceeds 100,000 pedestrians daily, making 197 Yonge Street a natural magnet for both commuters and visitors. This cross‑street dynamism translates into high visibility for listings and a constant flow of potential buyers walking past the glass‑curtain façade.
Direct access to the Yonge‑University line at the Dundas station, just a 2‑minute walk, provides seamless rapid transit to the entire GTA. In addition, the upcoming Ontario Line will add another layer of connectivity, reducing travel times to the waterfront and the eastern suburbs. For investors, this dual‑line advantage is a rare asset that sustains long‑term demand.
Walk Score rates the address at 98 out of 100, reflecting an "Walker's Paradise." Residents can comfortably navigate to grocery stores, cafés, and parks without a car. The nearby Allan Lamport Park and the waterfront promenade offer green space within a 10‑minute stroll, enhancing lifestyle appeal.
The block hosts an eclectic mix of eateries — from upscale sushi bars to artisanal coffee roasters — creating a culinary tapestry that attracts young professionals and food‑focused families. Retail anchors such as the Eaton Centre and the new Indigenous‑owned boutique on Queen Street West add premium shopping options just steps away.
Despite its urban core, the building falls within the catchment of well‑rated elementary schools like Queen Alexandra and secondary schools such as Jarvis Collegiate. This dual appeal — urban vibrancy and family‑friendly education — broadens the buyer pool and supports resale resilience.
While the building does not feature a rooftop pool, these on‑site perks offset the lack of large‑scale amenities.
Current listings for one‑bedroom units hover around $750,000, while two‑bedrooms average $1.1 million. These figures sit slightly above the downtown average, reflecting the premium attached to the address’s transit and lifestyle advantages. Maintenance fees include water and building insurance, but parking spots are allocated on a first‑come, first‑served basis, requiring early reservation.
For those evaluating condos for sale at 197 Yonge Street Toronto, the building offers more than a address — it delivers a lifestyle anchored by transit, walkability, and a vibrant micro‑neighborhood. Tony Sousa & The SOUSA TEAM leverage this unique positioning to provide confidential market analyses and off‑market alerts for qualified buyers.
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 197 Yonge Street, Toronto, ON M5B 1M4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $40,000 in Toronto, the legal minimum down payment is $2,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $200 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $200 also applies, bringing the total estimated land transfer taxes to $400.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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