906-3 Massey Square, Toronto, ON
Crescent Town, Toronto · MLS® E13495976
About this home
Bright, well-maintained and move-in ready, this spacious unit offers an ideal blend of comfort, value, and convenience for today's buyer. Thoughtfully laid out with generous living and dining areas, large windows for abundant natural light, and a functional kitchen with ample storage, it's perfect for both everyday living and entertaining. The bedroom is well-sized with great closet space, while the updated bathroom and fresh finishes add to the home's appeal. Enjoy a low-maintenance lifestyle in a well-managed community with access to amenities and utilities often included in the fees, making ownership more affordable and predictable. Located in a transit-friendly neighbourhood with quick access to highways, shopping, parks, schools, and everyday essentials, this is a smart opportunity for first-time buyers looking to get into the market or investors seeking strong rental potential in a high-demand area.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- E13495976
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 1000-1199 sq ft
- Cross streets
- Victoria Pk/Danforth
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Radiant
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Not Applicable
- Maintenance
- $891/mo
- Exposure
- West
- Property tax
- $1,450 / 2025
- Days on market
- 115
- Listing brokerage
- RE/MAX ACE REALTY INC.
Rooms
laminate · window · closet
laminate · stainless steel appl
laminate · window · closet
laminate · combined w/living
laminate · bay window · combined w/dining
Listed at $599,000, about 55% above our estimate of $387K (homes like it typically land between $360K and $407K). A gap this wide is more often a limit of an automated estimate than a fact about the home, so treat the figure as a starting point, not a verdict.
Why $387K. The typical condo sold in Crescent Town over the past year went for about $399K (36 sales). What sets this one apart:
- ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $1,450 a year; the typical home sold here pays about $1,200.
Longer on the market than typical. 115 days on the market, and asking 55% above where comparable closings put it.
Total price vs nearby homes. Fair value about $387K, learned from recent GTA sales.
The market behind the math:
About 8.3 months of inventory: 11 condo apartment homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $545/sqft against an area asking average of $418/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 70 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $429K. Condition and finishes remain an in-person call.
Schools & getting aroundcatchment and transit
The assigned public school is Crescent Town Elementary School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 76 homes sold in this building over the past two years, from 83 closings in Crescent Town.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $387K, which is where my estimate comes from.
Per square foot, these ask about $405/sqft; this home lists at $545/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & location
Crescent Town, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $479,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,650
- Property tax
- $121
- Condo / maintenance fees
- $891
- Heating
- $0
- Estimated monthly cost
- $3,661
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,455
- Toronto municipal land transfer tax
- $8,455
- Estimated closing costs
- $16,910
Plus your down payment of $119,800. 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
- $158,975
- Principal paid down
- $58,549
- Interest paid
- $100,425
- Balance remaining
- $420,651
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 numbersThe last 20 whole-home leases in Crescent Town signed at a median of $2,184 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,582. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ACE REALTY INC.. MLS®/PropTx.