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
Sold501 Yonge Street 2009, Toronto C08, ON M4Y 0G8
MLS #C12472830
$745,000
Sold on January 29, 2026
January 29, 2026
Originally listed at $778,000 59 days on market
About This Property
Welcome to Teahouse Condominiums by Lanterra Developments - the perfect blend of luxury, location, and lifestyle in the heart of downtown Toronto!This bright and spacious southeast corner unit features two bedrooms, two full baths, and two private balconies with great views. Floor-to-ceiling windows fill the space with natural light, while the modern open-concept layout makes it perfect for both end-users and investors.Enjoy world-class urban convenience: just steps from Wellesley and College subway stations, the underground PATH, University of Toronto, Toronto Metropolitan University, Yorkville shopping district, and five major hospitals. Walk to the Financial and Entertainment Districts in minutes.
Investment Analysis
$3,970
Est. Monthly Rent
Based on $5/sqft
6.12%
Gross Yield
Before expenses
4.56%
Net Yield
After expenses
16.3
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
$915/sqftTeahouse at 501 Yonge Condos
$1,137/sqft-19.5%
Church-Yonge Corridor
$849/sqft+7.8%
Toronto C08
$884/sqft
Building PSF Range
$973$1,525
Below Market Value
This unit is priced 19.5% below the building average of $1,137/sqft. With a 4.56% 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 OnOct 19, 2025
Maintenance Fees$665/month
Property Tax$4,200/year
Property Details Available
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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 | - |
| 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 | - |
| 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 | - |
| 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 | - |
| 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 | - |
| 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 | - |
| Study(Flat) | 1.61 x 0.71 | 5.3 x 2.3 | - |
Room Dimensions Available
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Unit 2009 History
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Price History
Original List Price
$778,000
Listed on Oct 19, 2025
Sold Price
$745,000
Sold on Jan 29, 2026
-$33,000
-4.2%
59 days on market
Price History Available
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Unit 1802
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3bed|2bath|900-999sqft
1 parking|1 locker
Unit 2312
501 Yonge Street 2312, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$820 fees|$4907 tax
MLS #C12208162
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OQ
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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 sold (sold for $745K).
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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