1401 - 501 Yonge Street

If you're on the hunt for a fantastic apartment for sale in Toronto , look no further than this stunning luxury condo located at 501 Yonge Street, Toronto. Nestled in the vibrant Church-Yonge Corridor, this property is not just a home; it’s a lifestyle choice. With its bright and spacious layout, this one-bedroom plus media room apartment is perfect for anyone seeking comfort and convenience in the heart of the city.

As you step into this remarkable apartment for sale in Toronto, you’ll immediately notice the thoughtful design and high-quality finishes. Spanning 560 square feet, this high-floor unit boasts a west-facing orientation that offers unobstructed views of the city skyline. The floor-to-ceiling windows flood the space with natural light, creating a warm and inviting atmosphere. The bedroom features a clever Murphy's bed, allowing for flexibility in how you use the space, while a large closet provides ample storage for all your belongings. The laminate flooring throughout adds a modern touch, making this apartment feel both chic and homely.

The kitchen is designed in a flat style, perfect for whipping up your favourite meals, although it does not include an additional kitchen. With central air conditioning, you can stay cool during those hot summer months. The apartment is unfurnished, giving you the freedom to decorate it to your taste. While there’s no fireplace or central vacuum system, the absence of these features doesn’t detract from the overall appeal of this apartment for sale in Toronto.

When it comes to amenities, this condo truly shines. Residents can enjoy a range of facilities that cater to an active lifestyle. Although there is no pool in the unit itself, the building offers a fantastic rooftop outdoor pool and patio, perfect for soaking up the sun or hosting friends for a barbecue. Additionally, there’s a fitness room to help you stay in shape, a huge sauna room for relaxation, and an indoor hot and cold pool for those who prefer a swim regardless of the weather. A yoga studio and a home theatre room add to the extensive list of amenities, making this apartment for sale in Toronto an excellent choice for anyone looking to embrace a well-rounded lifestyle.

The location of 501 Yonge Street, Toronto, is another significant advantage. Situated just steps away from the subway station, commuting around the city is a breeze. You’ll find yourself in close proximity to the University of Toronto and George Brown College, making it ideal for students or academics. The bustling Eaton Centre is nearby, along with a plethora of great restaurants lining Yonge Street, banks, supermarkets, and shopping options. The Financial District is also within easy reach, ensuring that you’re never far from where the action is.

While this apartment does not come with a garage space or parking, the convenience of public transport and the vibrant community surrounding 501 Yonge Street, Toronto, more than compensates for it. The area is alive with energy, offering a diverse range of activities and amenities that cater to all lifestyles.

In summary, if you’re looking for an apartment for sale in Toronto that combines luxury, convenience, and a vibrant community, this condo at 501 Yonge Street, Toronto, is an excellent choice. With its modern features, fantastic amenities, and prime location, it’s the perfect place to call home. Don’t miss out on this opportunity to own a piece of Toronto’s thriving real estate market!

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic geographic area renowned for its bustling urban atmosphere and diverse offerings. This lively corridor is characterised by a mix of modern skyscrapers and historic buildings, housing a plethora of shops, restaurants, and cultural venues. Residents enjoy convenient access to public transport, making it easy to explore the rest of the city. The area is also home to a variety of parks and green spaces, providing a welcome respite from the urban hustle. With its rich tapestry of cultures and a lively arts scene, the Church-Yonge Corridor presents an exciting opportunity for anyone looking to immerse themselves in the energetic pulse of city life.

Schools in the Neighbourhood

This property is ideally located 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. Orde Street Public School, located 0.9 km away, serves grades JK to 8 and boasts a higher rating of 7.1. For older students, Jarvis Collegiate Institute is just 0.6 km away, providing education for grades 9 to 12 with a rating of 5.9. Additionally, Lord Lansdowne Junior Public School (1.5 km) offers a French curriculum for grades JK to 8, although it currently has a rating of 0. Our Lady of Lourdes Catholic School, 0.8 km away, serves grades JK to 8 with a rating of 5.5, while St. Joseph's College School (0.5 km) is a well-rated option for grades 9 to 12 at 7.6. Lastly, St. Mary Catholic School, located 2.6 km away, provides a French education for younger students. With a mix of public and Catholic schools nearby, families have a variety of quality educational options to choose from.

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 relatively mature community, with an average age of 43.6 years. The average household income stands at $87,200, although 16.2% of the population is classified as low-income. A significant portion of the community, 63.6%, is single, and households with children make up only 12.77% of the population. Immigrants represent a notable 27.08% of the residents, contributing to the area's diversity. The housing market shows a high percentage of renters at 86.05%, with condos comprising 19.77% of the available housing options. The average property price in the area is approximately $650,000, reflecting the demand for housing. Educational attainment is high, with 77.74% of residents holding a college or university degree. However, it is also noteworthy that 26.28% of the population is not in the labor force, indicating potential economic challenges. Overall, this demographic snapshot reveals a well-educated, diverse community with a predominance of single residents and a significant rental market.