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 2312 at Teahouse at 501 Yonge Condos
Sold501 Yonge Street 2312, Toronto C08, ON M4Y 0G8
MLS #C12208162
$975,000
Sold on August 25, 2025
August 25, 2025
Originally listed at $998,000 27 days on market
About This Property
Welcome To Tea House Condos At 501 Yonge St. Stunning Corner 2+1 Bedroom (Den Can Be As 3rd Bedroom) Suite In The Heart Of Downtown Toronto! Features Include Floor-To-Ceiling Windows, Two Large South-West Facing Balconies, And An Open-Concept Layout Ideal For Entertaining. Enjoy Breathtaking City Views And An Abundance Of Natural Light Throughout. Luxury Building Amenities: Outdoor Pool, Indoor Onsen Pools, Fitness Centre, Yoga Room, Party Room, Lounges, And Home Theatre. Unbeatable Location Steps To Subway, Streetcar, Path, U Of T, Toronto Metropolitan University, Toronto General Hospital, Bloor-Yorkville Shopping, Eaton Centre, And More. An Exceptional Opportunity For Stylish Urban Living!
Investment Analysis
$4,437
Est. Monthly Rent
Based on $5/sqft
5.34%
Gross Yield
Before expenses
3.86%
Net Yield
After expenses
18.7
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($820/mo) and property tax ($4,907/yr). Does not include insurance, vacancy, or repairs.
Price Per Square Foot Comparison
This Unit
$1,051/sqftTeahouse at 501 Yonge Condos
$1,137/sqft-7.6%
Church-Yonge Corridor
$849/sqft+23.8%
Toronto C08
$884/sqft
Building PSF Range
$973$1,525
Below Market Value
This unit is priced 7.6% below the building average of $1,137/sqft. With a 3.86% 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 950 sqft.
Property Details
Bedrooms
3
Bathrooms
2
Square Feet
900-999 sqft
Property Type
Residential Condo & Other
ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeForced Air
StyleApartment
Ensuite LaundryNo
Corp #TSCC-2972
MLS Size900-999
Listed OnJun 8, 2025
Maintenance Fees$820/month
Property Tax$4,907/year
Property Details Available
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Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Living Room(Main) | 7.08 x 3.3 | 23.2 x 10.8 | - |
| Living Room(Main) | 7.08 x 3.3 | 23.2 x 10.8 | - |
| Living Room(Main) | 7.08 x 3.3 | 23.2 x 10.8 | - |
| Dining Room(Main) | 7.08 x 3.2 | 23.2 x 10.5 | - |
| Dining Room(Main) | 7.08 x 3.2 | 23.2 x 10.5 | - |
| Dining Room(Main) | 7.08 x 3.2 | 23.2 x 10.5 | - |
| Kitchen(Main) | 7.09 x 3.3 | 23.3 x 10.8 | - |
| Kitchen(Main) | 7.09 x 3.3 | 23.3 x 10.8 | - |
| Kitchen(Main) | 7.09 x 3.3 | 23.3 x 10.8 | - |
| Bedroom(Main) | 4.01 x 2.74 | 13.2 x 9.0 | - |
| Bedroom(Main) | 4.01 x 2.74 | 13.2 x 9.0 | - |
| Bedroom(Main) | 4.01 x 2.74 | 13.2 x 9.0 | - |
| Bedroom 2(Main) | 3.3 x 2.74 | 10.8 x 9.0 | - |
| Bedroom 2(Main) | 3.3 x 2.74 | 10.8 x 9.0 | - |
| Bedroom 2(Main) | 3.3 x 2.74 | 10.8 x 9.0 | - |
| Den(Main) | 3.43 x 2.74 | 11.3 x 9.0 | - |
| Den(Main) | 3.43 x 2.74 | 11.3 x 9.0 | - |
| Den(Main) | 3.43 x 2.74 | 11.3 x 9.0 | - |
Room Dimensions Available
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Unit 2312 History
Complete transaction history for this unit
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Price History
Original List Price
$998,000
Listed on Jun 8, 2025
Sold Price
$975,000
Sold on Aug 25, 2025
-$23,000
-2.3%
27 days on market
Price History Available
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Unit 5202
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0 parking|0 locker
Unit 1802
501 Yonge Street 1802, Toronto C08, ON M4Y 0G8
Residential Condo & Other|$586 fees|$4442 tax
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OQ
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OVAIS QASSIM
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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Building Information
Building NameTeahouse at 501 Yonge Condos
Address501 Yonge, Toronto C01
Parking TypeUnderground
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About Unit 2312 at Teahouse at 501 Yonge Condos
Unit 2312 is a residential condo & other with 3 bedrooms, 2 bathrooms spanning approximately 900-999 square feet located at Teahouse at 501 Yonge Condos, 501 Yonge, Toronto C01. This unit is currently sold (sold for $975K).
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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