3103 - 501 Yonge Street

Nestled high above the bustling streets of Toronto, this delightful apartment for sale in Toronto is located at 501 Yonge Street, Toronto. Perched on the 31st floor of the esteemed Teahouse Condominiums, this north-facing suite boasts a well-thought-out layout that spans approximately 500 square feet. With one bedroom and a den, it is an ideal choice for professionals or students seeking a blend of comfort and functionality in the vibrant Church-Yonge Corridor.

As you step into this apartment for sale in Toronto, you’ll immediately appreciate the modern design and smart use of space. The flat kitchen, although compact, is perfectly suited for whipping up meals after a long day, and the open-plan living area allows for seamless transitions between cooking, dining, and relaxing. The suite features a total of four rooms, including the additional den, which can serve as a home office or a quiet reading nook. This makes it an excellent option for those who work from home or simply need a bit of extra space.

One of the standout features of this apartment for sale in Toronto is its location. Situated at 501 Yonge Street, Toronto, you’ll find yourself just steps away from the Wellesley and College subway stations, making commuting a breeze. The proximity to the University of Toronto and Metropolitan University adds to the appeal, making it a prime spot for students and faculty alike. The Church-Yonge Corridor is known for its lively atmosphere, with an array of shops, restaurants, and cafes just around the corner, ensuring that you’ll never be short of things to do.

In terms of amenities, Teahouse Condominiums offers a wealth of options that enhance your living experience. Although there is no pool or fireplace, the building compensates with a state-of-the-art fitness centre, a yoga studio for those looking to unwind, and a sauna to help you relax after a busy day. For movie lovers, the private theatre is an excellent addition, while the party room is perfect for hosting gatherings with friends. The concierge service adds an extra layer of convenience, ensuring that your needs are met promptly.

The apartment itself is unfurnished, allowing you to personalise the space to your taste. Freshly painted and professionally cleaned, it is truly turn-key and ready for you to move in. The central air conditioning ensures that you stay cool during the warm summer months, while the forced air heating will keep you cosy in the winter. Although there is no central vacuum system, the absence of a basement and additional land means that maintenance is straightforward and hassle-free.

Parking is not included, as there is no garage space available, but the underground garage is a great feature for those who may wish to rent a space in the future. With no additional land to worry about, this apartment for sale in Toronto is perfect for those looking for a low-maintenance lifestyle in the heart of the city.

In summary, this apartment for sale in Toronto at 501 Yonge Street, Toronto, offers a fantastic opportunity for anyone looking to invest in a stylish and modern living space. With its prime location, impressive amenities, and well-designed interior, it’s a property that should not be missed. Whether you’re a first-time buyer, a student, or a savvy investor, this condo apartment is sure to tick all the boxes. Don’t let this chance slip away—come and see for yourself what makes this apartment such a gem in the vibrant city of Toronto!

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic neighbourhood that seamlessly blends urban living with a rich tapestry of culture and convenience. This area is characterised by its impressive skyline, featuring a mix of historic buildings and modern high-rises, offering a diverse array of housing options. Residents enjoy easy access to an abundance of amenities, including trendy cafes, eclectic shops, and a variety of dining establishments that cater to every palate. The corridor is also well-served by public transport, making it easy to explore the wider city. With its lively atmosphere and a strong sense of community spirit, the Church-Yonge Corridor is an ideal place for those seeking the excitement of city life while still feeling connected to their surroundings.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find Church Street Junior Public School (0.4 km), which offers grades JK to 6 and has a school rating of 6.4. Orde Street Public School (0.9 km) caters to students from 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, although 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, though it currently has no rating. The area also features Our Lady of Lourdes Catholic School (0.8 km) and St. Joseph's College School (0.5 km), with ratings of 5.5 and 7.6, respectively, serving grades JK to 8 and 9 to 12. Lastly, St. Mary Catholic School (2.6 km) provides French-language education for younger students, with a rating of 5.7. Overall, this neighborhood offers a diverse range of educational options, ensuring quality schooling for children of all ages.

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 indicates a mature community, with an average age of 43.6 years. Economically, the average household income stands at $87,200, although 16.2% of the population is classified as low-income. The real estate market reflects a median property price of $650,000, with a significant portion of the population being renters, comprising 86.05% of households. Notably, 63.6% of the residents are single, and only 12.77% of households include children. The area is also diverse, with 27.08% of the population being immigrants. Educational attainment is high, with 77.74% of residents holding a college or university degree. However, a considerable 26.28% of the population is not in the labor force. The housing landscape includes a notable percentage of condominiums, accounting for 19.77% of the housing stock. Overall, this community presents a blend of educationally inclined residents with a predominance of single individuals and a significant rental market, indicative of urban living dynamics.