2009 - 501 Yonge Street

Welcome to the stunning apartment for sale in Toronto , located at 501 Yonge Street, Toronto. This exceptional property is nestled within the Teahouse Condominiums, developed by Lanterra Developments, and offers a delightful combination of luxury, location, and lifestyle right in the bustling heart of downtown Toronto. If you’re on the hunt for a modern and stylish home, this apartment is definitely worth a look.

As you step into this bright and spacious southeast corner unit, you'll immediately be struck by the abundance of natural light streaming through the floor-to-ceiling windows. This apartment for sale in Toronto boasts two generously sized bedrooms, perfect for a small family or for hosting guests. Each bedroom is designed with comfort in mind, and the two full bathrooms ensure that morning routines are a breeze. With a total of six rooms, including a family room that adds to the living space, you’ll find plenty of room to entertain or simply relax after a long day.

One of the standout features of this apartment is the modern open-concept layout. The flat kitchen is ideal for those who enjoy cooking, and while there’s no additional kitchen, the space is well-equipped for all your culinary needs. You’ll appreciate the convenience of central air conditioning, ensuring that you stay cool during the warmer months. However, it’s worth noting that this apartment for sale in Toronto does not come with a fireplace, which might be a consideration for those who enjoy a cosy atmosphere during the colder seasons.

Step outside onto one of the two private balconies, where you can take in the fantastic views of the vibrant Church-Yonge Corridor community. This area is known for its lively atmosphere, and living at 501 Yonge Street, Toronto, means you’ll be just steps away from a plethora of amenities. While there’s no pool to cool off in during the summer, the proximity to various parks and recreational areas more than makes up for it.

The location of this apartment for sale in Toronto is simply unbeatable. You’re just a stone’s throw away from Wellesley and College subway stations, making commuting around the city a breeze. The underground PATH is also nearby, providing access to a vast network of shops and services without having to brave the elements. For those pursuing education, the University of Toronto and Toronto Metropolitan University are within easy reach, making this an ideal spot for students or faculty members alike.

Shopping enthusiasts will adore being close to the Yorkville shopping district, known for its high-end boutiques and dining options. Plus, with five major hospitals in the vicinity, you can rest assured that healthcare is easily accessible. If you fancy a night out, the Financial and Entertainment Districts are just a short walk away, offering a plethora of dining, entertainment, and nightlife options.

This apartment for sale in Toronto is unfurnished, allowing you the freedom to style it according to your taste. The building itself is relatively new, with an age of just 0-5 years, ensuring that you’re moving into a modern and well-maintained environment. While there’s no garage space or additional land included, the underground garage provides secure parking for those who may require it.

In summary, if you’re looking for an apartment for sale in Toronto that combines luxury living with an unbeatable location, look no further than this gem at 501 Yonge Street, Toronto. With its spacious layout, modern amenities, and proximity to all that downtown has to offer, this property is a fantastic opportunity for both end-users and investors. Don’t miss out on the chance to make this vibrant community your new home!

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic neighbourhood characterised by its striking blend of modern skyscrapers and historic architecture. This bustling area is a hub of activity, offering an array of amenities including trendy cafes, diverse dining options, and an abundance of shopping opportunities along Yonge Street, one of the longest streets in the world. The corridor is well-served by public transport, making it incredibly accessible, while its proximity to cultural landmarks, parks, and entertainment venues adds to its appeal. With a lively atmosphere and a rich tapestry of urban life, 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 a great choice for families. Within a short distance, you'll find Church Street Junior Public School (0.4 km), which offers grades JK to 6 and has a school rating of 6.4. Just 0.9 km away is Orde Street Public School, catering to grades JK to 8 with a higher rating of 7.1. For older students, Jarvis Collegiate Institute (0.6 km) serves grades 9 to 12 with a rating of 5.9, while St. Joseph's College School (0.4 km) is a Catholic institution for grades 9 to 12, boasting an impressive rating of 7.6. Additionally, Our Lady of Lourdes Catholic School (0.8 km) and Lord Lansdowne Junior Public School (1.5 km) provide further options for elementary education, with the former rated at 5.5. Lastly, St. Mary Catholic School, although a bit farther at 2.6 km, offers French language education for younger students. Overall, the variety of nearby schools, including both public and Catholic options, provides excellent educational opportunities for children of all ages, enhancing the appeal of this property for potential buyers.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,232 residents, characterized by an average household size of 1.5. The demographic profile indicates a mature community, with an average age of 43.6 years. The average household income stands at $87,200, although 16.2% of the population lives in low-income conditions. A significant portion of the community, 63.6%, is single, while only 12.77% of households have children, reflecting a preference for smaller family units. The area is notably diverse, with 27.08% of residents being immigrants. Housing trends show that a substantial majority, 86.05%, are renters, with condominiums making up 19.77% of the housing stock. The average property price is approximately $650,000, indicating a relatively high market value. Educational attainment is impressive, with 77.74% of the population holding a college or university degree. However, it is worth noting that 26.28% of residents are not in the labor force, which may impact the local economy. Overall, this demographic snapshot highlights a well-educated, diverse community with a significant rental market and a preference for smaller household sizes.