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Massey Tower           Downtown            $ 421,800

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For Sale by: Ryan Coyle

Massey Tower

I have been a broker for seven years and have personally been investing in Toronto Real Estate for the past ten years. I know this market. I live in this market. As an owner and investor I love this market, so I invite you to...

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Area: Downtown
Address: 197 Yonge St.
Unit type:  1+1
Bathrooms: 1
Size(sf): 557
Floor: 58th
Exposure: North
Parking: N
Locker: N
Balcony: N
Occupancy: 2017

Description:

LOCATION, LOCATION, LOCATION.  Not only is the location amazing, but the level of finishes and amenities for this price range are incredible.

The 20,000 square foot site contains the historically designated Canadian Bank of Commerce Building, designed by Darling & Pearson Architects in 1905, and vacant since 1987. MOD plans to completely restore the four-storey portion of the bank and erect a 60-storey mixed-used development behind the historic landmark.

Designed by the renowned architectural firm Hariri Pontarini Architects, winners of the coveted Governor General’s Medal for architectural excellence, the soaring Massey Tower will feature retail, residential and non-residential uses.

The location is ideal for a residential development, with the Queen Street subway station steps away, world class shopping at the Eaton Centre across the street and the Financial District and Ryerson University nearby.

The plans for 197-201 Yonge continue MOD’s tradition of restoring heritage buildings and incorporating them into new developments. MOD’s most recent project, FIVE Condos at 5 St. Joseph, (developed in conjunction with Graywood Developments Ltd.) is now under construction and will see the restoration of almost half a block of the nineteenth century Yonge Street stores and the retention of the façade of the massive, four-storey gothic-revival Rawlinson warehouse on St. Joseph Street. FIVE garnered four top awards at the 2011 BILD Awards, including Project of the Year and Highrise Design of the Year.

MOD has assembled the same “dream” team that collaborated on the successful FIVE Condos: Tricon Capital Group Inc. as financial partners; Hariri Pontarini Architects as project architects; ERA Architects will focus on heritage; Cecconi Simone Interiors will provide interior design direction; and Janet Rosenberg and Associates as landscape architects.

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