3802-197 Yonge Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13542626
About this home
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
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13542626
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- Yonge and Queen
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Stone
- Maintenance
- $1,111/mo
- Exposure
- North East
- Days on market
- 13
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
laminate · 4 pc ensuite · his and hers closets
laminate · open concept · combined w/living
laminate · open concept · w/o to balcony
laminate · quartz counter · centre island
laminate · closet
Listed at $780,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Church-Yonge Corridor lately, sellers have been getting about 96% of asking and homes sell in about 35 days.
There were not many closely comparable homes right in Church-Yonge Corridor, so I widened the search to the surrounding area.
Based on 62 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 62 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $840K
- Bedrooms −$20K
- Adjusts to $820K
That comparable adjusts to $820K; the $712K estimate above is the median of all 62 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Lord Dufferin Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $712K, median of 62 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 10% below the area average of $1,017/sqft.
12 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Church-Yonge Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $624,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,330
- Property tax
- $488
- Condo / maintenance fees
- $1,111
- Heating
- $0
- Estimated monthly cost
- $4,928
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,075
- Toronto municipal land transfer tax
- $12,075
- Estimated closing costs
- $24,150
Plus your down payment of $156,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $199,794
- Principal paid down
- $79,467
- Interest paid
- $120,327
- Balance remaining
- $544,533
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.