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    Toronto / Downtown / Church - Toronto

    5001 - 501 Yonge St

    For SaleTeahouse Condos
    $688,000
    1 Bed + 1
    1 Bath
    0 Parking
    554 SQFT
    11 Days on Strata
    Est Sell Timeframe
    19 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $468/mth
    Taxes:
    $0 (2024)
    Cost Per Sqft:
    $1,242/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    November 1, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Walkout To Balcony, Combined with Dining
    15.32 x 10.24ft
    Dining
    Laminate, Open Concept, Combined with Living
    15.32 x 10.24ft
    Kitchen
    Stainless Steel Appliances, Combined with Dining, Granite Counter
    15.32 x 10.24ft

    About this Listing

    Can't miss luxury Teahouse by renowned developer Lanterra. This bright sunlight-filled one bed room, plus a good size den( 560sqf interior + large private balcony)features modern kitchen, Floor to Ceiling windows & laminated floor throughout. Step outside to the west facing balcony and enjoy the Unobstructed Breathtaking views of the city. Open Concept Modern kitchen with designer cabinetry, granite counters, backsplash and s/s appliances. Walk Score 99 - Steps To TTC, Restaurants, U of T, George Brown, Eaton Centre, Yorkville Shopping Etc. Enjoy modern city lifestyle at the heart of Toronto!

    Extras5 Star Amenities: Outdoor Pool, Gym, Zen Lounge, Party Room, Yoga Room, Theatre, Patio & BBQ, Indoor Spa and Onsens, Pet Spa, Pet Relief Area, Visitor Parking.

    re/max imperial realty inc.MLS® #C9512427

    Amenities

    Concierge
    Party Room
    Rooftop Deck
    Sauna
    Gym Room
    BBQs Allowed

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    22%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Teahouse Condos vs The Church - Toronto Area

    Building Trends At Teahouse Condos

    Days on Strata

    Units at Teahouse Condos spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Church - Toronto

    Turnover of Units

    On average, each unit is owned for
    4.8
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 77 condos in the Church - Toronto area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    230
    Units were Rented over the past twelve months

    Best Value Rank

    Teahouse Condos offers the
    ?
    best value out of 77 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    Teahouse Condos has the
    ?
    highest ROI out of 77 condos in the Church - Toronto neighbourhood

    Rental Yield

    Teahouse Condos yields the
    ?
    highest rent prices out of 77 condos in the Church - Toronto neighbourhood

    High Demand

    Teahouse Condos is the
    ?
    most popular building out of 77 condos in the Church - Toronto neighbourhood

    Transaction Insights at 501 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$485,000$599,900 - $610,000$590,000 - $780,000No Data$980,000$1,118,000No Data
    Avg. Cost Per Sqft$1,541$1,306$1,217No Data$1,401$1,235No Data
    Avg. Wait for Unit Availability419 Days148 Days30 Days87 Days402 Days91 DaysNo Data
    Ratio of Units in Building13%17%48%6%8%9%2%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto