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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Church-Yonge Corridor. Expertly crafted featuring premium brick and asbestos siding construction, this residence presents an exceptional opportunity offered at $868,888 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.
Stunning and spacious 2+1 bedroom corner unit at Teahouse Condos, 501 Yonge Street, featuring breathtaking unobstructed west and north views of the city and lake. This bright suite boasts floor-to-ceiling windows, a large private balcony, a modern open-concept kitchen with built-in appliances, and includes 1 parking space and 1 locker. The versatile den is perfect for a home office or guest space. Located just steps from Yonge Street, College and Wellesley subway stations, shops, restaurants, universities, hospitals, and more. Enjoy premium amenities such as a24-hour concierge, fitness centre, yoga studio, outdoor terrace, and guest suites in one of downtown Toronto's most vibrant communities.
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Data-driven valuation for 501 Yonge Street 5202, Toronto C08, ON M4Y 0G8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $868,888 in Toronto, the legal minimum down payment is $61,889 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 $13,853 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,853 also applies, bringing the total estimated land transfer taxes to $27,706.
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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.