501 Yonge Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Church-Yonge Corridor. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $559,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Teahouse Condos at 501 Yonge St, a landmark development by Lanterra. This stylish 1+Den suite features floor-to-ceiling windows, sleek laminate flooring, and a modern kitchen with granite counters, designer cabinetry, and stainless steel appliances. Enjoy east-facing views of Toronto's skyline from your private balcony. The den offers the perfect space for a home office or study. Exceptional amenities include a rooftop pool and terrace, Zen garden, fitness centre, yoga studio, pet spa, and hot/cold plunge pools. Ideally located in the heart of downtown, you're just steps to Wellesley & College subway stations, TTC, U of T, TMU, Queens Park, hospitals, the Eaton Centre, and top restaurants. With a 99 Walk Score and 98 Transit Score, this is urban living at its best. Perfect for professionals, students, or investors seeking a premium downtown lifestyle in one of Toronto's most vibrant and well-connected communities.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Clear View, Hospital, Park, Public Transit, Rec./Commun.Centre, School
Interior Features
None
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 501 Yonge Street 4208, Toronto C08, ON M4Y 1Y4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $559,000 in Toronto, the legal minimum down payment is $30,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,655 also applies, bringing the total estimated land transfer taxes to $15,310.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
