4506 - 501 Yonge Street

Introducing a remarkable opportunity to acquire a stunning condo for sale in Toronto , located at 501 Yonge Street, Toronto. This contemporary condo apartment is situated in the vibrant Church-Yonge Corridor, a community that embodies the essence of urban living. With its prime location, residents will enjoy easy access to a plethora of amenities and attractions that the city has to offer.

This luxurious unit, boasting one bedroom and one bathroom, is designed for modern living. The property is relatively new, having been constructed within the last five years, and features an appealing concrete exterior that complements the urban landscape. Upon entering the condo, one is greeted by floor-to-ceiling windows that flood the space with natural light and offer breathtaking views of Toronto's skyline and serene waterfront. The sleek laminate flooring adds a touch of elegance to the living space, making it both stylish and functional.

The kitchen is a highlight of this condo for sale in Toronto, featuring a flat design that maximises space and functionality. It is equipped with granite countertops, designer cabinetry, and stainless steel appliances, making it a perfect setting for culinary enthusiasts. The thoughtful layout ensures that cooking and entertaining are both enjoyable and convenient.

Although this unit does not include a den, it offers a total of four rooms, providing ample space for relaxation and leisure. The absence of a family room is compensated by the open-plan design, which encourages a sense of flow throughout the living areas. Additionally, there is no fireplace, which is in line with the modern aesthetic of the condo. The central air conditioning system ensures that residents remain comfortable throughout the year, regardless of the season.

One of the unique features of this condo for sale in Toronto is the private balcony, which provides an ideal spot to unwind while taking in the stunning east-facing views. Whether sipping a morning coffee or enjoying an evening glass of wine, this outdoor space enhances the overall living experience.

While the property does not include a pool, residents can take advantage of the exceptional amenities offered within the building. These amenities include a rooftop terrace that provides an excellent space for social gatherings, a fitness centre for those who wish to maintain an active lifestyle, and a yoga studio for relaxation and mindfulness. Additionally, the building features a Zen garden and hot/cold plunge pools, creating a tranquil environment for residents to escape the hustle and bustle of city life.

The location of 501 Yonge Street, Toronto, is truly unbeatable. Nestled in the heart of Toronto, this condo is just steps away from subway stations, the Toronto Transit Commission (TTC), and key landmarks such as Queens Park, the University of Toronto (UofT), and Toronto Metropolitan University (TMU). The Eaton Centre, a major shopping destination, and a variety of restaurants are also within easy reach, making this condo for sale in Toronto an ideal choice for those who appreciate convenience and accessibility.

It is important to note that this unit is unfurnished, allowing new owners the freedom to personalise the space according to their tastes and preferences. Furthermore, there is no central vacuum system, and the property does not include any additional land or garage space. However, the building does offer underground parking options, ensuring that residents have secure access to their vehicles.

In summary, this condo for sale in Toronto at 501 Yonge Street, Toronto, presents an exceptional opportunity for those seeking luxury living in a prime location. With its modern design, stunning views, and access to a wealth of amenities, this property is sure to impress. Don't miss the chance to make this exquisite condo your new home in the heart of one of Canada's most vibrant cities.

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic urban enclave that seamlessly blends the energy of city life with a touch of historic charm. This bustling area is characterised by its striking skyscrapers, diverse dining options, and an array of cultural attractions, making it a hub for both residents and visitors alike. With excellent public transport links, including the Yonge subway line, and close proximity to the lush green spaces of nearby parks, the Corridor offers a unique lifestyle that balances the excitement of city living with the convenience of accessibility. Its eclectic mix of shops, cafes, and entertainment venues ensures that there is always something to explore, making it an ideal choice for those seeking a lively and engaging environment.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you’ll find Church Street Junior Public School (0.4 km), offering grades JK to 6 with a rating of 6.4, and Orde Street Public School (0.9 km), which serves grades JK to 8 and boasts a higher rating of 7.1. For older students, Jarvis Collegiate Institute (0.6 km) provides education for grades 9 to 12, though it has a lower rating of 5.9. Additionally, Lord Lansdowne Junior Public School (1.5 km) offers French language instruction for grades JK to 8, although it currently has no rating available. Catholic education options include Our Lady of Lourdes Catholic School (0.8 km) for grades JK to 8 with a rating of 5.5, and St. Joseph's College School (0.5 km), which serves grades 9 to 12 and has a commendable rating of 7.6. Lastly, St. Mary Catholic School (2.6 km) offers French instruction for younger grades. Overall, this area provides a diverse range of schooling options, catering to various educational needs and preferences.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,232 residents, with an average household size of 1.5 individuals. The demographic profile reveals an average age of 43.6 years and a notable average household income of $87,200. However, 16.2% of the population is classified as low-income. A significant portion of the community is single, comprising 63.6% of the population, while only 12.77% of households have children. The area is diverse, with 27.08% of residents being immigrants. A large majority of the population are renters, accounting for 86.05%, and 19.77% of the housing stock consists of condominiums. Education levels are high, with 77.74% of residents holding a college or university degree. However, there is a notable percentage of individuals not participating in the labor force, at 26.28%. The average property price in the area is approximately $650,000, reflecting the demand for housing amidst the predominantly rental market. This demographic snapshot highlights a well-educated, diverse community with a significant number of single residents and a high proportion of renters.