197 Yonge Street, Toronto, ON
Property Highlights
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 $35,000 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.
- 0 Bedrooms and 0 Bathrooms
- Thoughtfully designed floor plan offering excellent spatial utility and privacy
- 1.0 total parking spaces available
- Notable attributes: None
Description
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 could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 197 Yonge Street, Toronto C08, ON M5B 1M4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $35,000 in Toronto, the legal minimum down payment is $1,750 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 $175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $175 also applies, bringing the total estimated land transfer taxes to $350.
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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.
