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    Toronto / Downtown / Church - Toronto

    801 - 501 Yonge St

    For SaleTeahouse Condos
    $638,000
    Price Cut: $657,000
    1 Bed + 1
    1 Bath
    0 Parking
    560 SQFT
    78 Days on Strata
    Est Sell Timeframe
    19 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $445/mth
    Taxes:
    $0 (2024)
    Cost Per Sqft:
    $1,139/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    August 5, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Prim Bdrm
    Double Closet, West View
    10.79 x 9.09ft
    Living
    Large Window, Walkout To Balcony, Laminate
    21.59 x 10.3ft
    Dining
    Combined with Living, Open Concept, Laminate
    21.59 x 10.3ft

    About this Listing

    Stunning mint condition 560sq ft Southwest facing unit, 1 bedroom + media den for home office! Unobstructed city view from spacious sunny balcony! Large modern layout living room next to open concept kitchen, cabinetry furnished with granite counters & s/s appliances. Just steps to College/Wellesley subway stations, U of T, TMU, downtown hospitals, Bloor, Yorkville, Eaton Centre, and so much more. Great amenities including pet spa, swimming pool, fitness/gym, Zen lounge, Yoga, theatre, BBQ, open terrace, etc located on mezzanine, 6th and 7th floors respectively. Visitor car parking available! Don't miss this opportunity to enjoy living in the heart of Downtown Toronto!

    ExtrasGreat amenities include a indoor pool, pet spa, fitness/Gym, Yoga, theatre, lounge, fireplace, BBQ and Terrance

    homelife landmark realty inc.MLS® #C9302072

    Amenities

    Party Room
    Outdoor Pool
    Concierge
    Gym Room
    Sauna
    Rooftop Deck

    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
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    4.8
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 77 condos in the Church - Toronto area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    232
    Units were Rented over the past twelve months

    Best Value Rank

    Teahouse Condos offers the
    ?
    best value out of 77 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    Teahouse Condos has the
    ?
    highest ROI out of 77 condos in the Church - Toronto neighbourhood

    Rental Yield

    Teahouse Condos yields the
    ?
    highest rent prices out of 77 condos in the Church - Toronto neighbourhood

    High Demand

    Teahouse Condos is the
    ?
    most popular building out of 77 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$599,900 - $610,000$590,000 - $780,000No Data$980,000$1,118,000No Data
    Avg. Cost Per Sqft$1,541$1,306$1,217No Data$1,401$1,235No Data
    Avg. Wait for Unit Availability419 Days148 Days30 Days87 Days402 Days91 DaysNo Data
    Ratio of Units in Building13%17%48%6%8%9%2%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto