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501 Yonge St
Toronto, ON M4Y 1Y4 Church-Yonge Corridor

$13,771,955 USD

Apartments Condo For Sale  •  26,548 SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,088,724 SF
  • Lot Size 0.86 AC
  • Building Class A
  • Year Built 2021
95 Transit Score
99 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Retail Retail 26,548 SF $13,771,955 USD
  • Unit Size: 26,548 SF
  • Condo Use: Retail
  • Price: $13,771,955 USD
  • Sale Type: Investment
  • Price/SF: $518.76 USD
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.

Highlights

Entire city block of retail podium on Yonge Street.
Fully leased to 10 established tenants with rent growth.
Surrounded by major traffic drivers and tourist attractions.
Steps from two subway stations and streetcar access.
Located in Toronto’s fastest-growing residential corridor.

Property Flyers

Amenities

  • Controlled Access
  • Fitness Center
  • Recycling
  • Smoke Free
  • Storage Space
  • Elevator

Public Transportation

Commuter RailDriveWalkDistance
Union Station Rail (Barrie Train - GO Transit, Kitchener Train - GO Transit, Lakeshore East Train - GO Transit, Lakeshore West Train - GO Transit, Milton Train - GO Transit, Niagara Falls Train - GO Transit, Richmond Hill Train - GO Transit, Stouffville Train - GO Transit) 5 min - 1.5 mi
Toronto (Maple Leaf - Via Rail Canada) 5 min - 1.6 mi
Transit/SubwayDriveWalkDistance
Wellesley Station - Southbound Platform (Yonge - University - Spadina - TTC) 0 min 2 min 0.1 mi
Carlton Street At Yonge Street (CARLTON - TTC) 1 min 3 min 0.2 mi
College Street At Yonge Street (CARLTON - TTC) 1 min 3 min 0.2 mi
College Station - Southbound Platform (Yonge - University - Spadina - TTC) 1 min 4 min 0.2 mi
College Street At Bay Street (CARLTON - TTC) 1 min 6 min 0.3 mi
AirportDriveWalkDistance
Billy Bishop Toronto City 12 min - 3.6 mi
Toronto Pearson International 39 min - 22.5 mi
Jackson Turner 416-815-2394 CBRE
Jackson Turner 416-815-2394 CBRE