5202 - 501 Yonge Street

Introducing an exceptional opportunity to own a stunning condo for sale in Toronto , located at 501 Yonge Street, Toronto. This impressive 2+1 bedroom corner unit at Teahouse Condos offers a blend of modern living and urban convenience, making it an ideal choice for those seeking a vibrant lifestyle in the heart of the Church-Yonge Corridor.

As you step into this bright and spacious apartment, you are greeted by breathtaking unobstructed views of the city and the lake, visible through the floor-to-ceiling windows that adorn the living spaces. The generous layout encompasses a total of five rooms, including two well-appointed bedrooms and a versatile den that can easily serve as a home office or an additional guest space. The den is a valuable feature for anyone working remotely or needing extra room for visitors. This condo for sale in Toronto is designed to meet the demands of modern living while providing comfort and style.

The main kitchen is a highlight of the home, featuring a contemporary open-concept design that seamlessly integrates with the living area. Equipped with built-in appliances, it offers both functionality and aesthetic appeal, making it a pleasure to prepare meals and entertain guests. The living area is further enhanced by the presence of a fireplace, adding a touch of warmth and elegance to the space. With two bathrooms, this condo ensures that residents have ample facilities for both convenience and privacy.

At 501 Yonge Street, Toronto, the building itself is relatively new, aged between 0-5 years, ensuring that you benefit from modern construction standards and contemporary finishes. The exterior of the building features a combination of brick and asbestos siding, providing a stylish yet durable facade. While there is no pool within the building, the premium amenities available to residents more than compensate for this. Enjoy the luxury of a 24-hour concierge service, a well-equipped fitness centre, a dedicated yoga studio, and an outdoor terrace that offers a perfect retreat amidst the hustle and bustle of city life. Additionally, guest suites are available for visitors, enhancing the convenience of hosting friends and family.

Parking is made easy with one underground garage space included with the condo for sale in Toronto, ensuring that you have secure and accessible parking at all times. Although there is no central vacuum system, the layout and design of the apartment make maintenance straightforward and efficient. Internet connectivity is readily available, allowing you to stay connected in this fast-paced urban environment.

The location of 501 Yonge Street, Toronto, is undeniably one of its greatest assets. Nestled in the vibrant Church-Yonge Corridor, residents are just steps away from Yonge Street, where an array of shops, restaurants, and entertainment options await. The proximity to College and Wellesley subway stations makes commuting a breeze, providing easy access to the rest of Toronto. Furthermore, the area is well-served by various universities and hospitals, making it a desirable location for students, professionals, and families alike.

In summary, this condo for sale in Toronto at 501 Yonge Street, Toronto, is a remarkable opportunity for those seeking a modern, spacious, and well-located home. With its impressive features, stunning views, and access to premium amenities, it promises a lifestyle of comfort and convenience in one of the city’s most sought-after communities. Don’t miss your chance to make this exceptional property your own. Act now and secure your future in this splendid condo for sale in Toronto.

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic urban enclave that offers an enticing blend of modern living and rich cultural experiences. Characterised by its towering skyscrapers and bustling streets, this area serves as a hub for both business and leisure, with an array of shops, restaurants, and entertainment options at your doorstep. The proximity to public transport, including the Yonge subway line, ensures easy access to the rest of the city, while green spaces like Allan Gardens provide a refreshing escape from the urban hustle. With its diverse population and lively atmosphere, the Church-Yonge Corridor is an ideal locale for those seeking the excitement of city life combined with the convenience of urban amenities.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs 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 elementary education in English, with ratings of 6.4 and 7.1 respectively. For older students, Jarvis Collegiate Institute (0.6 km) provides secondary education, although it has a lower rating of 5.9. Additionally, Lord Lansdowne Junior Public School (1.5 km) offers a French-language curriculum but currently has no rating available. For those seeking a Catholic education, Our Lady of Lourdes Catholic School (0.8 km) and St. Joseph's College School (0.4 km) are nearby, with ratings of 5.5 and 7.6 respectively. St. Mary Catholic School, located 2.6 km away, offers a French curriculum for younger students. Overall, the area boasts a diverse selection of public and Catholic schools, ensuring that families have access to quality education options within close proximity to the property.

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 consists of 1.5 individuals, with a notable average age of 43.6 years. The economic landscape is characterized by an average household income of $87,200, although 16.2% of the population lives in low-income situations. The real estate market reflects a median property price of $650,000, with a significant portion of the population (63.6%) being single and only 12.77% of households containing children. A considerable 86.05% of residents are renters, indicating a strong rental market, while 19.77% of housing consists of condominiums. The area is also home to a diverse population, with 27.08% of residents being immigrants. Educational attainment is high, with 77.74% of individuals holding a college or university degree. However, a significant portion of the population, 26.28%, is not in the labor force, suggesting potential challenges in employment opportunities. Overall, this community presents a blend of educationally inclined individuals with a predominance of renters and a varied economic status.