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    Toronto / Downtown / Church - Toronto

    2704 - 501 Yonge St

    For SaleTeahouse Condos
    2.0
    $498,000
    Studio
    1 Bath
    0 Parking
    401 SQFT
    2 Days on Strata
    Est Sell Timeframe
    15 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $344/mth
    Taxes:
    $1,967 (2024)
    Cost Per Sqft:
    $1,242/sqft
    Locker:
    Owned
    Outdoor Space:
    Juliet Balcony
    Exposure:
    North
    Possession Date:
    January 13, 2025
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Murphy Bed, Built-in Shelves, Laminate
    20.34 x 10.83ft
    Kitchen
    Laminate, Combined with Living, Stainless Steel Appliances
    20.34 x 10.83ft
    Laundry
    Ceramic Floor
    3.28 x 2.79ft

    About this Listing

    TEAHOUSE Condominiums By Renowned Builder Lanterra, South Taller building Steps to TTC Subway and walking distance to UOT, TMU, George Brown, Eaton Centre, Restaurants, Hospital, Queens Park, Bloor Street-Yorkville Shopping, A Few Minutes To The Financial District And Entertainment District. Spacious Functional Studio Unit With Murphy Bed & Mattress, Floor To Ceiling Windows, Designer Kitchen Cabinetry With Stainless Steel Appliances & Stone Counter Tops, Laminate Flooring Throughout. Two Lockers included.

    ExtrasTWO LOCKERS are INCLUDED! UNIT Number 95 and 96 in Level 2

    right at home realtyMLS® #C11916172

    Amenities

    Party Room
    Rooftop Deck
    Concierge
    Outdoor Pool
    Gym Room
    BBQs Allowed

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    22%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Teahouse Condos vs The Church - Toronto Area

    Building Trends At Teahouse Condos

    Days on Strata

    Units at Teahouse Condos spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Church - Toronto

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 91 condos in the Church - Toronto area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    239
    Units were Rented over the past twelve months

    Best Value Rank

    Teahouse Condos offers the
    ?
    best value out of 91 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    Teahouse Condos has the
    ?
    highest ROI out of 91 condos in the Church - Toronto neighbourhood

    Rental Yield

    Teahouse Condos yields the
    ?
    highest rent prices out of 91 condos in the Church - Toronto neighbourhood

    High Demand

    Teahouse Condos is the
    ?
    most popular building out of 91 condos in the Church - Toronto neighbourhood

    Transaction Insights at 501 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$485,000$560,000 - $610,000$590,000 - $780,000No Data$980,000$1,118,000No Data
    Avg. Cost Per Sqft$1,541$1,203$1,204No Data$1,277$1,235No Data
    Avg. Wait for Unit Availability419 Days190 Days32 DaysNo Data249 Days91 DaysNo Data
    Ratio of Units in Building13%18%48%5%9%9%2%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto