Teahouse Condos
2Listings for Salefor Sale
53Listings for Rentfor Rent
18 Maitland Terrace & 501 Yonge St
Teahouse Condos
2Listings for Salefor Sale
53Listings for Rentfor Rent
Walk Score
99
Transit Score
100
Bike Score
74
© MapTiler © OpenStreetMap
0
CONDO Demand
N/A
Unit Availability
low
Property Type
Condo
Developer
Lanterra Developments
Condo Completion
2019
Property Management
Unknown
Unit Size Range
309 - 1699 SQFT
Number of Units
960
Number of Storeys
52

18 Maitland Terrace, Toronto

About this condo

Condo Overview

Tea might be all the rage in England, but this country isn’t the one that inspired the makers of the Teahouse Condos. Rather, the 2019-built condo at 501 Yonge Street is a nod to the teahouses found throughout the continent of Asia.

Mark Mandelbaum, chairman of Lanterra Developments, has long been fascinated with Asian design. Mandelbaum was finally able to express this passion of his with the help of the architects at architectsAlliance, interior designers at Studio Munge, and landscape architects at NAK Design Strategies.

The resulting condo is comprised of two towers, one reaching to 52 storeys and the other 25, both of which sit atop a shared podium. And while the design is certainly Asian-inspired, with symmetry, building materials, and colour scheme all intended to have a calming effect, some of the building’s amenities also reflect this theme.

To be precise, the onsen pools are decidedly Japanese, and consist of four baths kept at different temperatures. Residents also have access to a zen garden, as well as barbecues and an outdoor swimming pool. Some of the amenities at the Teahouse Condos are even more conventional, yet still feel like a luxury for residents, such as a concierge, movie theatre rooms, and board rooms. On top of all that, the building boasts a gym with personal training and yoga studios a sauna, and a pet spa.

The Suites

With 960 units in total, prospective buyers seeking downtown Toronto condos can expect a wide range of sizes and layouts to choose from. In fact, suites in the building start at around 300 square feet and reach to approximately 1,700. Single buyers and renters may be interested in bachelor units, while those in need of more space will be glad to learn that the Teahouse Condos also contains 3 bedroom plus den homes.

Size aside, all of the Toronto condos for sale or rent at 501 Yonge are impressive to say the least. Walls of windows usher in bright, warm sunlight, and kitchens are finished with ceramic backsplashes and granite countertops. Energy-efficient features are also abundant, including Energy Star appliances and dual flush toilets.

The Neighbourhood

Thanks to its location in The Village, residents living at the Teahouse Condos will never run out of things to do. Between the bars and restaurants on Church Street, shopping on Bloor Street (also known as the ‘Mink Mile’), taking in films at the Carlton Cinema, and perusing bookshelves at the Toronto Reference Library, there really is something for everyone here.

Speaking of shopping, while picking up groceries might feel like a chore for some, living so close to Maple Leaf Gardens and the Shops at College Park makes running this errand a little less dreary. The former is home to a massive Loblaws as well as an LCBO, while the latter contains a Metro and a Sobeys, plus a Service Ontario, Winners, and Dollarama.

Transportation

Living directly on Yonge Street means having access to the subway, making it easier to get around for residents who prefer not to drive. 501 Yonge is conveniently located in between Wellesley and College Stations on the Yonge line, both of which take less than 5 minutes to reach on foot. From Wellesley, the Bloor-Danforth line is also just 1 stop away to the north.

Buses and streetcars heading east and west along major arterial roads like College and Wellesley also come in handy, while drivers can also use these streets to get around the immediate area. Drivers heading out on longer journeys can also use Bloor East to reach the Don Valley Parkway in no time.

2

Listings For Sale

Interested in receiving new listings for sale?

Amenities

BBQ
Party/Meeting Room
Gym
Concierge
Rooftop Deck/Garden
Outdoor Pool
Sauna

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
Teahouse Condos vs The Village Area

$0.00
More Expensive
per SQFT compared to the neighbourhood average
Teahouse Condos's Avg
price per SQFT
$0
/ SQFT
Neighbourhood Avg
price per SQFT
$0
/ SQFT

Building Trends At Teahouse Condos

Days on Market

Units at Teahouse Condos spend an average of
N/A
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
100%
of the list price.
Or in other words, the
entire list price

Offer Competition

Condos in this building have a

LOW
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
N/A
YEARS before being sold again

Property Value

0%
Increase in property value within the past twelve months

Price Ranking

N/A
Highest price per SQFT out of 29 condos in The Village area

Sold Units

0
Units were Sold over the past twelve months

Rented Units

111
Units were Rented over the past twelve months

Best Value

Teahouse Condos offers the
?
best value out of 29 condos in neighbourhood

Return on Investment

Teahouse Condos has the
?
highest ROI out of 29 condos in neighbourhood

Rental Yield

Teahouse Condos yields the
?
highest rent prices out of 29 condos in neighbourhood

High Demand

Teahouse Condos is the
?
most popular building out of 29 condos in neighbourhood

Sales vs Rental Values For This Condo

Studio400 - 489 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$1,400 - $1,950
1 Bed400 - 590 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$1,600 - $2,300
1 Bed + Den400 - 649 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$1,650 - $2,300
2 Bed649 - 700 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$2,050 - $2,300
2 Bed + Den749 - 749 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$3,100 - $3,500
3 Bed849 - 949 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$3,000 - $4,650
3 Bed + Den949 - 949 SQFT
Average Cost Per Sqft
N/A
Sales Price Range
N/A
Rental Price Range$4,000 - $4,000

How Often Are Units Listed?

Studio400 - 489 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every6Days
Ratio of Unit Type in Building16%
1 Bed400 - 590 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every4Days
Ratio of Unit Type in Building21%
1 Bed + Den400 - 649 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every3Days
Ratio of Unit Type in Building45%
2 Bed649 - 700 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every11Days
Ratio of Unit Type in Building4%
2 Bed + Den749 - 749 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every5Days
Ratio of Unit Type in Building6%
3 Bed849 - 949 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every17Days
Ratio of Unit Type in Building8%
3 Bed + Den949 - 949 SQFT
Average Sales Availability
N/A
Average Rental Availability
Every1Days
Ratio of Unit Type in Building4%

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