Teahouse · 501 Yonge St Condo Guide
501 Yonge St · Toronto
What kind of building is Teahouse?
Teahouse (501 Yonge St) is Lanterra's twin-tower urban community (52-storey south tower and 25-storey north tower) at the vibrant crossroads of Yonge and Wellesley in Downtown Toronto. Managed by Duka Property Management, resort-style amenities include indoor and outdoor pools, fitness facilities, rooftop terraces, zen tea lounges, and 24-hour concierge. Arthur has completed 5 leasing transactions here, bringing together verified MLS figures and operational insight on this page.
Source: TRREB listing data via PropTx and Arthur's closing records
Building profile
Aggregated from 12 current TRREB listings, not the corporation’s official records · as of 2026-09-11
Market snapshot for this building
1-Bed & 2-Bed Market Reference
| Layout | Estimated Rent | Estimated Price |
|---|---|---|
| 1 Bedroom | $2,250–$2,500 /mo | $385,000–$430,000 |
| 2 Bedrooms | $3,100–$3,500 /mo | $480,000–$540,000 |
Calibrated from TRREB 2026 Q2 Rental Report and 2026-09 MLS HPI benchmarks, aligned with historical building closings. For planning reference only. As of 2026-09.
See every active listing at 501 Yonge St on the search page →
Data as of 2026-09-11 · Source: TRREB via PropTx · active listings as counts and ranges only, closed sales as aggregates only
Arthur at Teahouse
Arthur’s closed deals at Teahouse (5)
| Year | Type | Beds | Price |
|---|---|---|---|
| 2025 | Leased | 3 | $3,200/mo |
| 2024 | Leased | 3 | $3,350/mo |
| 2023 | Leased | 4 | $4,200/mo |
| 2022 | Leased | 3 | $3,300/mo |
| 2021 | Leased | 3 | $3,400/mo |
Prices follow the Portfolio page, where the full record lives.
First-hand notes on Teahouse
From Arthur’s own management and closings in this building; rents are shown as bands, never per unit.
Achieved rent bands by unit type
| Type | Monthly rent band | As of |
|---|---|---|
| 1 | $2,350–2,600 | 2026-09 |
| 2 | $3,100–3,600 | 2026-09 |
| 3 | $4,500–5,200 | 2026-09 |
Student & Young Professional Demand
Steps from the University of Toronto St. George campus (8 to 10 minutes walk) and Toronto Metropolitan University to the south. The tenant base is anchored by university students, scholars, and downtown professionals. Multi-bedroom layouts (3-bed and 4-bed) are in high demand for shared student tenancies, experiencing swift leasing velocity each summer.
Duka Management & Twin-Tower Amenities
Operated by Duka Property Management across both towers with shared resort amenities, including rare dual indoor and outdoor rooftop pools. Move-in elevator times must be scheduled in advance with a security deposit. Parcels go through an automated locker system.
Skyline Panoramas & Suite Configurations
The 52-storey south tower commands expansive skyline views from south- and east-facing upper suites, while the 25-storey north tower offers lower-density residential living. Layouts range from compact one-bedroom units to rare three- and four-bedroom suites, which lease quickly.
Landlord Leasing & Corporate Transition
TSCC 2972 operates with steady governance. Multi-bedroom student leases here usually come with tenant screening and co-signor guarantees; status certificate audits should focus on elevator service contracts and shared facility utility expenses.
Neighbourhood and commute: Church-Yonge Corridor
Occupying a prime stretch along Yonge Street, 2 minutes from Wellesley subway station, surrounded by diverse dining, Asian groceries (H Mart), and daily retail. A short stroll north reaches Yorkville luxury retail, while south leads to the Eaton Centre and Financial Core.
Frequently asked
What do maintenance fees cover at Teahouse?
Based on MLS data and TSCC 2972 records, maintenance fees generally cover water, heat, central air conditioning, common elements, and building insurance; hydro is separately metered.
What is the pet policy at 501 Yonge St?
Pets are permitted in accordance with standard TSCC 2972 condo corporation bylaws regarding pet numbers and size guidelines.
How is parking and transit at 501 Yonge St?
The property features underground resident and visitor parking. Transit connectivity is unbeatable, located just 150 meters from Wellesley subway station on Line 1.
Talk to Arthur about Teahouse
Arthur Zhao · Real Estate Broker · FRI · ABR · SRS · PSA · MCNE · E-PRO · CLHMS & GUILD Elite · REAIS · VP & Branch Manager, Bay Street Group Inc.
