$756,900 - 197 Yonge Street Unit 3802, Cabbagetown
Condo for Sale in Cabbagetown
46 days on marketNeighbourhood: Church-Yonge Corridor
- MLS Number
- C13542626
- Property Type
- Condo
- Status
- active
- Days on Site
- 46
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to Suite 3802 at Massey Tower, an exceptional residence in the heart of Toronto's most vibrant and dynamic neighbourhood. Stunning North East Views of Dundas Square and Lake views! Perfectly positioned steps from Yonge-Dundas Square, directly across from the Eaton Centre, with TTC subway access at your doorstep, this is true downtown living at its finest. Enjoy effortless access to the Financial District, Toronto Metropolitan University, St. Michael's Hospital, Hospital Row, world-class dining, entertainment, shopping, and everything the city has to offer.This stunning 2-bedroom, 2-bathroom suite offers over 800 sq. ft. of thoughtfully designed living space, complete with parking and locker. Floor-to-ceiling windows flood the home with natural light while showcasing spectacular panoramic city views and the energy of Toronto's skyline.The functional open-concept layout features a versatile centre island that doubles as an eat-in dining space, perfect for everyday living and entertaining. Perched on an ideal floor, high enough to enjoy breathtaking views and privacy. Enjoy the outdoors from your expansive wrap-around balcony.From the moment you enter, you'll be impressed by the bright, airy living space and seamless connection to the outdoors. The wrap-around balcony offers beautiful north-east exposure, creating the perfect setting for morning coffee, evening relaxation, or taking in the city lights.Residents of Massey Tower enjoy premium amenities including 24-hour concierge and security, a state-of-the-art fitness centre, party room, games room, and one of Toronto's most unique conveniences-an automated parking system that parks your vehicle for you. Simply drive into the garage, and the automated system takes care of the rest, providing a rare luxury and significant time-saving benefit.An outstanding opportunity to live in one of downtown Toronto's most iconic addresses, where location, convenience, lifestyle, and luxury come together. Virtually Staged
Estimate your monthly payments for this property
Estimated Payment
$3,883.29/mo
Includes CMHC insurance ($21,118)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Church-Yonge Corridor
Church-Yonge Corridor is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Church-Yonge Corridor
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Church-Yonge Corridor offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
197 Yonge Street Unit 3802, Regent Park / Cabbagetown / St. James Town
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $946/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 46 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Church-Yonge Corridor
I know Church-Yonge Corridor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,154 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.