501 Yonge St 1512

FOR SALE
$1,048,000
501 Yonge St 1512, Downtown Toronto
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
501 Yonge St 1512
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
C11960212
MLSID
Contact Us
Property Description
Prime Downtown Condo 3 Beds, 2 Baths, High Rental Potential! Exceptional opportunity at Yonge & Wellesley! This spacious 3-bedroom, 2-bathroom unit at TEA House Condo is perfect for investors or end-users. Steps from U of T, TMU, subway stations, Eaton Centre, and the Financial District, ensuring strong demand for rentals.Enjoy floor-to-ceiling windows, South-West views, and two balconies. Includes 1 parking & 1 locker. Live, rent, or invest in the heart of Toronto!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-25 2025-01-24 121 $1,080,000 - Terminated
2024-09-25 2024-12-14 80 $1,080,000 - Suspended
2024-05-15 2024-09-24 132 $1,198,000 - Terminated
2024-05-15 2024-06-24 40 $1,198,000 - Suspended
2023-05-17 2023-06-16 30 $4,550 $4,550 Leased
2023-04-03 2023-06-16 74 $4,550 $4,550 Leased
2023-04-03 2023-05-12 39 $4,550 - Suspended
2023-04-03 2023-04-05 2 $4,550 - Suspended
2021-09-20 2021-11-01 42 $3,600 $3,650 Leased
2021-08-24 2021-09-18 25 $4,200 - Terminated
Nearby Intersections
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$4,792 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain10.17' x 23.29'Combined W/Dining, W/O To Balcony, Laminate
DiningMain10.17' x 23.29'Combined W/Living, W/O To Balcony, Laminate
KitchenMain10.17' x 23.29'Stainless Steel Appl, Open Concept, Modern Kitchen
Prim BdrmMain9.02' x 13.45'W/O To Balcony, Large Window, Large Closet
2nd BrMain9.02' x 10.17'Murphy Bed, Large Window, Laminate
DenMain9.02' x 11.15'Sliding Doors, Large Window, Laminate
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
501 Yonge St 1512 is a 3-bedroom 2-bathroom condo listed for sale at $1,048,000, which is $154,533 (12.9%) lower than the average sold price of $1,202,533 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto increased by $358,140 (42.4%) compared to the previous 30 day period (December 22 - January 20) and up $309,595 (34.7%) from the same time one year ago.
Inventory Change
There were 216 3-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 47.9% compared with the previous 30 day period (December 22 - January 20) and up 9.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($28,974) (2.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $467 increase compared to the previous 30 day period (December 22 - January 20) and ($24,701) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 23.1%, down from 34.2% over the previous 30 days (December 22 - January 20) and down from 35.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 70 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Real Estate Services Ltd.
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