5208 - 501 Yonge Street

Introducing an exceptional opportunity to own a luxurious condo for sale in Toronto , located at 501 Yonge Street, Toronto. This exquisite one-bedroom plus den penthouse at Teahouse Condos epitomises modern urban living in the bustling Church-Yonge Corridor. The building's concrete exterior exudes contemporary elegance, while the interior is designed to offer both style and comfort.

As you enter this splendid condo for sale in Toronto, you are greeted by a spacious and functional layout that is accentuated by floor-to-ceiling windows. These windows not only provide an abundance of natural light but also frame breathtaking views of the cityscape, creating a vibrant atmosphere throughout the suite. The sleek laminate flooring adds a touch of sophistication, making this space perfect for both relaxation and entertaining.

The heart of this home is undoubtedly the contemporary flat kitchen, which is equipped with designer cabinetry, granite countertops, and stainless steel appliances. This kitchen is ideal for those who appreciate culinary pursuits, whether you are preparing a simple breakfast or hosting a dinner party. The layout ensures that cooking and socialising can seamlessly blend, making it a wonderful space for gatherings.

The primary bedroom is designed with practicality in mind, featuring a stylish Murphy bed that maximises the available space, alongside a built-in closet system that offers ample storage. Additionally, the versatile den provides the perfect setting for a home office or extra storage, catering to the needs of modern living. This condo for sale in Toronto truly embodies the essence of urban convenience, with a total of four rooms, including the den, ensuring that every inch of space is utilised effectively.

While this penthouse does not include a family room, it compensates with its expansive private balcony. This oversized outdoor space is perfect for unwinding after a long day, where you can enjoy the panoramic views of Toronto's dazzling skyline and serene waterfront. Imagine sipping your morning coffee or enjoying an evening glass of wine while taking in the stunning vistas that surround you.

As a resident of Teahouse Condos, you will have access to a range of world-class amenities that enhance your living experience. Although there is no pool within the unit, the building boasts an outdoor pool and patio, perfect for those warm summer days. Additionally, you can indulge in the spacious sauna, cutting-edge fitness centre, exclusive pet spa, rejuvenating yoga studio, and luxurious hot and cold plunge pools. These amenities provide a lifestyle of comfort and leisure, making this condo for sale in Toronto an even more attractive proposition.

Located at 501 Yonge Street, Toronto, this property is nestled in the vibrant heart of the city. You will find yourself just steps away from essential amenities, including subway stations, the TTC, Queens Park, the University of Toronto, George Brown College, and the Eaton Centre. This prime location offers a plethora of dining options, ensuring that you are never far from the best culinary experiences Toronto has to offer.

It is important to note that this condo does not come with a garage space or parking, but the convenience of public transport and the proximity to local attractions makes it an ideal choice for those who prefer an active urban lifestyle. Furthermore, the unit is unfurnished, allowing you the freedom to personalise your living space according to your taste and preferences.

In summary, this stunning condo for sale in Toronto at 501 Yonge Street, Toronto, is a rare find that combines luxury, comfort, and convenience. With its modern design, breathtaking views, and access to exceptional amenities, this penthouse is perfect for anyone looking to embrace the vibrant lifestyle that downtown Toronto has to offer. Don’t miss out on this unique opportunity to make this remarkable property your new home.

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic neighbourhood renowned for its striking blend of urban living and rich cultural diversity. This bustling area is characterised by its towering skyscrapers, trendy boutiques, and a plethora of dining options that cater to every palate. Residents enjoy easy access to public transport, making commuting a breeze, while the nearby green spaces offer a welcome respite from the city’s hustle and bustle. With a lively arts scene, numerous entertainment venues, and a strong sense of community spirit, the Church-Yonge Corridor presents an enticing option for those seeking a cosmopolitan lifestyle in one of Canada’s most exciting cities.

Schools in the Neighbourhood

This property is ideally situated near several reputable educational institutions, making it an excellent choice for families. Within a short distance, you will find Church Street Junior Public School (0.4 km) and Orde Street Public School (0.9 km), both offering English instruction for grades JK to 6 and JK to 8, respectively, with ratings of 6 and 8.4. For older students, Jarvis Collegiate Institute (0.6 km) provides education for grades 9 to 12, though it has a lower rating of 3.8. Additionally, Our Lady of Lourdes Catholic School (0.8 km) offers a Catholic education for grades JK to 8, rated at 6.7. St. Joseph's College School (0.4 km) serves grades 9 to 12 with a solid rating of 7.2. While Lord Lansdowne Junior Public School (1.5 km) has a French language program, it currently holds a rating of 0, which may be a consideration for parents. Lastly, St. Mary Catholic School (2.6 km) provides education in French for grades JK to 4, rated at 5.9. Overall, the area boasts a diverse range of schooling options, catering to various educational needs and preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, diverse community with a population of 1,232 residents. The average household size is notably low at 1.5, indicating a significant number of single individuals, who make up 63.6% of the population. The average age is 43.6 years, and a substantial portion of the community, 27.08%, consists of immigrants, contributing to the area's cultural diversity. The average household income stands at $87,200, although 16.2% of residents are classified as low-income. Housing in the area is primarily rental, with 86.05% of households renting their homes, while 19.77% of the housing stock consists of condominiums. The average property price is approximately $650,000. Additionally, only 12.77% of households include children, and a notable 77.74% of the population holds a college or university degree. Furthermore, 26.28% of residents are not in the labor force, reflecting potential economic challenges. Overall, this area presents a unique blend of demographics that could appeal to various potential buyers or renters.