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501 Yonge St - Teahouse Condominiums 26,548 SF Retail Condo Unit Offered at $13,593,185 in Toronto, ON M4Y 1Y4
INVESTMENT HIGHLIGHTS
- Entire city block of retail podium on Yonge Street.
- Surrounded by major traffic drivers and tourist attractions.
- Located in Toronto’s fastest-growing residential corridor.
- Fully leased to 10 established tenants with rent growth.
- Steps from two subway stations and streetcar access.
PROPERTY FACTS
| Total Building Size | 1,088,724 SF | Floors | 52 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 18,424 SF |
| Property Subtype | Apartment | Year Built | 2021 |
| Building Class | A | Lot Size | 0.86 AC |
| Total Building Size | 1,088,724 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 52 |
| Typical Floor Size | 18,424 SF |
| Year Built | 2021 |
| Lot Size | 0.86 AC |
AMENITIES
SITE AMENITIES
- Controlled Access
- Fitness Center
- Recycling
- Smoke Free
- Storage Space
- Elevator
1 UNIT AVAILABLE
Unit Retail
| Unit Size | 26,548 SF | Condo Use | Retail |
| Price | $13,593,185 USD | Sale Type | Investment |
| Price Per SF | $512.02 USD |
| Unit Size | 26,548 SF |
| Price | $13,593,185 USD |
| Price Per SF | $512.02 USD |
| Condo Use | Retail |
| Sale Type | Investment |
DESCRIPTION
A full city block of prime retail space in the heart of Toronto's Downtown Yonge Corridor.
SALE NOTES
CBRE is pleased to present a rare opportunity to acquire 501 Yonge Street, a full city block of prime retail space in the podium of Teahouse Condominiums, located in the heart of Toronto’s Downtown Yonge corridor. This high-profile property offers exceptional frontage along Yonge Street between Maitland and Alexander Streets, delivering unparalleled visibility in one of Canada’s most dynamic urban markets.
The asset is fully leased to a curated mix of 10 reputable tenants, including national brands and strong local operators such as Fit4Less, Firehouse Subs, HeyTea, and Me Va Me. With units designed for food uses and robust contractual rent escalations, investors benefit from secure, diversified cash flow and long-term income stability. The property’s strategic positioning near Toronto Metropolitan University, Yonge-Dundas Square, and the Eaton Centre ensures consistent foot traffic and sustained demand.
Connectivity is unmatched, with Wellesley and College subway stations just steps away and multiple streetcar lines nearby. The surrounding area is experiencing exponential growth, with over 21,000 new residential units planned or under construction along the Yonge corridor, reinforcing the property’s future upside. This offering represents a rare chance to own a trophy retail asset in a market characterized by strong fundamentals, high barriers to entry, and enduring appeal.
Ground Floor Plan
Basement Level 1 Floor Plan
Basement Level 2 Floor Plan
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 790 | - | - |
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501 Yonge St - Teahouse Condominiums
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