Condo for sale at 1612-501 Yonge Street, Toronto, Ontario, M4Y 1Y4 - Bay Street Corridor - MLS: C12232452

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1612-501 Yonge Street

Toronto, Ontario, M4Y 1Y4 - Bay Street Corridor

$995,000

Neighbourhood

Bay Street Corridor
Major Intersection

Yonge And Alexander

Listed Since: 14 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

3
Bathrooms

2
Square Feet

900-999
Exposure

South West
Total Parking

1 Underground Garage
Maintenance

$820
Taxes

$4,792.00 (2024)
Balcony

Open

Property Description

Property description for 1612-501 Yonge Street, Toronto

Welcome to this upgraded 3-bedroom, 2-bathroom corner suite at Teahouse Condos in the heart of Downtown Toronto. This bright, sun-filled unit offers stunning southwest city views through floor-to-ceiling windows and boasts two expansive balconies perfect for enjoying the skyline. The open-concept layout provides spacious living, with generously sized bedrooms and modern finishes throughout. Located just steps from the University of Toronto, TTC subway stations, and a wide array of dining and entertainment options. Building amenities include a fully equipped gym, yoga studio, residents' lounge, landscaped terrace, and visitor parking. Experience vibrant downtown living in a premium location with everything at your doorstep.

Listed by RE/MAX PROHOME REALTY

Property details

MLS #

C12232452
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

Bbqs Allowed,Concierge,Gym,Outdoor Pool,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Parking, Water
Property Management

Duka Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

C12232452
Sq. Ft

900-999
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

Bbqs Allowed,Concierge,Gym,Outdoor Pool,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Parking, Water
Property Management

Duka Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

7.08 x 3.31 ft Ground level

Laminate, W/O To Balcony, Window Flr to Ceil
Dining

7.08 x 3.31 ft Ground level
Kitchen

7.08 x 3.31 ft Ground level

B/I Appliances, Backsplash
Primary

4.01 x 2.74 ft Ground level

Closet, 4 Pc Ensuite, W/O To Balcony
2nd Br

3.31 x 2.74 ft Ground level

Laminate, Closet
3rd Br

3.42 x 2.74 ft Ground level

Laminate, Closet, W/O To Balcony

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 1612-501 Yonge Street, Toronto

This property has been sold 4 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Schools

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Condo Apt in Bay Street Corridor

Active listings

325

Average Selling Price of a Condo Apt

June 2025

$837,938

Last 3 Months

$796,347

Last 12 Months

$828,797

June 2024

$882,417

Last 3 Months LY

$908,489

Last 12 Months LY

$894,987

Change

-5%

Change

-12%

Change

-7%

Historical Average Selling Price of a Condo Apt in Bay Street Corridor

Average Selling Price

3 years ago

$843,956

Average Selling Price

5 years ago

$856,139

Average Selling Price

10 years ago

$538,532

Change

-1%

Change

-2%

Change

56%

How many days Condo Apt takes to sell (DOM)

June 2025

Last 3 Months

Last 12 Months

June 2024

Last 3 Months LY

Last 12 Months LY

Change

31%

Change

43%

Change

39%

Average Selling price

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Closing Cost Calculator

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.