Skip to main
    Toronto / Downtown / Church - Toronto

    1009 - 501 Yonge St

    For SaleTeahouse Condos
    $1,079,000
    2 Beds
    2 Bath
    1 Parking
    829 SQFT
    42 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $721/mth
    Taxes:
    $4,270 (2024)
    Cost Per Sqft:
    $1,302/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Fan Coil

    Room Dimensions

    Living
    Laminate, South View, Walkout To Balcony
    12.01 x 12.99ft
    Dining
    Laminate, Combined with Kitchen
    10.4 x 10.5ft
    Kitchen
    Laminate, Stainless Steel Appliances, Quartz Counter
    10.4 x 10.5ft

    About this Listing

    Functional 2 Bdr 2 W SE Corner Unit in luxury Teahouse in the heart of Downtown Core. With The flooded sunshine ! Roomy Living room, modern open concept kitchen with designer cabinetry, Floor to Ceiling windows, New painting. Quartz 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! Comes with 1 parking. fantastic amenities: Outdoor Pool, Gym, Zen Lounge, Party Room, Yoga Room, Theatre, Patio & BBQ, Indoor Spa and Onsens, Pet Spa, Pet Relief Area, Visitor Parking.

    ExtrasFridge, Stove, range hood, Dishwasher, Built-In Microwave. Stacked Washer, Dryer. All Elfs and all windows coverings.

    century 21 leading edge realty inc.MLS® #C9247139

    Amenities

    Rooftop Deck
    BBQ
    Outdoor Pool
    Gym Room
    Concierge
    Sauna

    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
    21
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the 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
    4.7
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 38 condos in the Church - Toronto area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    221
    Units were Rented over the past twelve months

    Best Value Rank

    Teahouse Condos offers the
    ?
    best value out of 38 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    Teahouse Condos has the
    ?
    highest ROI out of 38 condos in the Church - Toronto neighbourhood

    Rental Yield

    Teahouse Condos yields the
    ?
    highest rent prices out of 38 condos in the Church - Toronto neighbourhood

    High Demand

    Teahouse Condos is the
    ?
    most popular building out of 38 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 DataNo Data$1,118,000No Data
    Avg. Cost Per Sqft$1,541$1,306$1,221No DataNo Data$1,235No Data
    Avg. Wait for Unit Availability419 Days148 Days28 Days87 DaysNo Data91 DaysNo Data
    Ratio of Units in Building13%16%49%6%8%8%2%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto