197 Yonge St 4908
Church-Yonge Corridor, Downtown Toronto, M5B 0C1
FOR SALE
$535,000
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BEDROOMS1
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Property Description
Welcome to your urban oasis at 197 Yonge Street! This recently renovated, south-facing studio apartment features a built-in Murphy bed, custom closets, and a desk, optimizing space and fuctionality for modern downtown living. With breathtaking, unobstructed views of the city skyline and Lake Ontario, this unit is bathed in sunlight throughout the day, creating a bright and airy ambiance. The open-concept layout offers a perfect blend of comfort and style. Located in the heart of Toronto, you're just a 1 minute walk to the subway, streetcars, St. Michael's Hospital, and the Eaton Centre. Enjoy world-class dining, shopping, and entertainment right at your doorstep. This prime location offers the best of city living with unparalleled convenience. Don't miss this rare opportunity to own a piece of Toronto's vibrant core!
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Nearby Intersections
Yonge & Queen (34)
Property Features
Hospital, Lake/Pond, Park, Place Of Worship, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Bachelor/Studio
Approximate Sq.Ft.
0-499
Taxes
$1,950 (2024)
Basement
None
Exterior
Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
197 Yonge St 4908 is a 0-bedroom 1-bathroom condo listed for sale at $535,000, which is $117,815 (28.2%) higher than the average sold price of $417,185 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto increased by $8,859 (2.2%) compared to the previous 30 day period (October 18 - November 16) and down $15,725 (3.6%) from the same time one year ago.Inventory Change
There were 45 0-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 40.8% compared with the previous 30 day period (October 18 - November 16) and up 18.4% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($13,231) (3.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $617 decrease compared to the previous 30 day period (October 18 - November 16) and ($10,215) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 0-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 44.4%, up from 34.2% over the previous 30 days (October 18 - November 16) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 24 days when successfully sold over the last 30 days (November 17 - December 16), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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