Sold
$791,000
3bed|2bath|808sqft
1 parking|0 locker
Unit 1009
501 Yonge Street 1009, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$721 fees|$4502 tax
MLS #C12706080
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Unit 2009 at Teahouse at 501 Yonge Condos
For Sale501 Yonge Street 2009, Toronto C08, ON M4Y 0G8
MLS #C12296563
$839,000
Listed Price
About This Property
Teahouse Condominiums by renowned builder Lanterra. This bright and spacious unit in the South Tower offers southeast exposure with floor-to-ceiling windows and two balconies facing a quiet inner street and ravine. Features an open-concept layout. Enjoy the convenience of the underground PATH just steps away, indulge in luxury shopping at Bloor-Yorkville, or explore the lively Eaton Centre. Prime downtown location within walking distance to U of T, Toronto Metropolitan University, five major hospitals, and the Financial and Entertainment Districts. Excellent transit access with Wellesley and College subway stations nearby.
Investment Analysis
$3,970
Est. Monthly Rent
Based on $5/sqft
5.68%
Gross Yield
Before expenses
4.23%
Net Yield
After expenses
17.6
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($665/mo) and property tax ($4,200/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$987/sqftTeahouse at 501 Yonge Condos
$1,137/sqft-13.2%
Church-Yonge Corridor
$849/sqft+16.3%
Toronto C08
$884/sqft
Building PSF Range
$973$1,525
Below Market Value
This unit is priced 13.2% below the building average of $1,137/sqft. With a 4.23% net yield after expenses, this could be a strong investment opportunity.
Analysis based on 41 sales and 324 leases in this building. Unit size estimated at 850 sqft.
Property Details
Bedrooms
3
Bathrooms
2
Square Feet
800-899 sqft
Property Type
Residential Condo & Other
ParkingNo
Parking TypeNone
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2972
MLS Size800-899
Listed OnJul 18, 2025
Maintenance Fees$665/month
Property Tax$4,200/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Flat) | 3.66 x 3.96 | 12.0 x 13.0 | - |
| Living Room(Flat) | 3.66 x 3.96 | 12.0 x 13.0 | - |
| Dining Room(Flat) | 3.17 x 3.2 | 10.4 x 10.5 | - |
| Dining Room(Flat) | 3.17 x 3.2 | 10.4 x 10.5 | - |
| Kitchen(Flat) | 3.17 x 3.2 | 10.4 x 10.5 | - |
| Kitchen(Flat) | 3.17 x 3.2 | 10.4 x 10.5 | - |
| Primary Bedroom(Flat) | 3.35 x 2.87 | 11.0 x 9.4 | - |
| Primary Bedroom(Flat) | 3.35 x 2.87 | 11.0 x 9.4 | - |
| Bedroom 2(Flat) | 3.35 x 2.78 | 11.0 x 9.1 | - |
| Bedroom 2(Flat) | 3.35 x 2.78 | 11.0 x 9.1 | - |
| Study(Flat) | 1.61 x 0.71 | 5.3 x 2.3 | - |
| Study(Flat) | 1.61 x 0.71 | 5.3 x 2.3 | - |
Unit 2009 History
Complete transaction history for this unit
Sold
Sold: Jan 29, 2026
$745,000
-$33,000 (-4.2%)
Listed: $778,000• 59 days on market• Sale
View Property Details →Transaction History Available
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Similar Sold Units in This Building
Showing 4 of 8
Sold
$745,000
3bed|2bath|800-899sqft
0 parking|1 locker
Unit 2009
501 Yonge Street 2009, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$665 fees|$4200 tax
MLS #C12472830
View complete sale history and details
Sold
$849,000
3bed|2bath|700-799sqft
1 parking|1 locker
Unit 5202
501 Yonge Street 5202, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$688 fees|$4442 tax
MLS #C12292682
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Sold
$730,000
3bed|2bath|700-799sqft
0 parking|0 locker
Unit 1802
501 Yonge Street 1802, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$586 fees|$4442 tax
MLS #C12405014
View complete sale history and details
OQ
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OVAIS QASSIM
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PREMIER MATRIX REALTY LTD. BROKERAGE
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Building Information
Building NameTeahouse at 501 Yonge Condos
Address501 Yonge, Toronto C01
Parking Type
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About Unit 2009 at Teahouse at 501 Yonge Condos
Unit 2009 is a residential condo & other with 3 bedrooms, 2 bathrooms spanning approximately 800-899 square feet located at Teahouse at 501 Yonge Condos, 501 Yonge, Toronto C01. This unit is currently for sale at $839K.
About Teahouse at 501 Yonge Condos
Teahouse at 501 Yonge Condos is located at 501 Yonge, Toronto C01 in Toronto C08. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.
Church-Yonge Corridor Neighbourhood
This unit is located in Church-Yonge Corridor, part of Toronto C08 in the Toronto area. Explore more condos for sale and rent in this community.
Whether you're looking to buy, sell, or rent at Teahouse at 501 Yonge Condos, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.
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