Teahouse Condos

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High-Rise condos in Toronto

501 Yonge Street, Toronto, ON

Teahouse Condos, located in the heart of Toronto, perfectly captures the beauty and richness of Asian culture and design history.

Lanterra Developments Ltd., a Toronto-based developer, has reached new heights in design, flair, and affluent urban living with the Teahouse Condos, a condominium project that is situated at 501 Yonge Street in Toronto, Ontario.

The building, which was built to a height of 52 floors and includes 960 units overall that range in size from 375 square feet to 1,728 square feet, was designed by architectsAlliance.

This contemporary construction will earn everyone’s admiration for its use of natural materials, accurate dimensions, and clean lines. The Teahouse, which draws inspiration from Asian design, perfectly balances the artistic and cultural traditions of the world’s biggest continent.

Pricing & Fees

  • Est. Maintenance $0.58 / sq ft / month
  • Est. Property tax 1% of the price / year


Deposit Structure

  • Total Min. Deposit 20%
  • $2000 with the offer Balance to 5% in 30 days 5% in 90 days 5% in 210 days 5% in 365 days $5000 on Occupancy
  • Off-shore
  • $5,000 with offer Balance to 7.5% in 30 days 7.5% in 90 days 7.5% in 210 days 7.5% in 365 days 5% $5,000 on Occupancy

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With a 99/100 walk score and a 100/100 transit score, Teahouse Condos at 501 Yonge Street in Toronto’s Church and Wellesley neighbourhood is a fantastic place to live. At 501 Yonge St., where east meets west, serene living meets lively vitality.

The Teahouse condominiums at 501 Yonge Street are in a prime location near the junction of Yonge and College Street, making them a fantastic investment or ideal for first-time homebuyers. While residing in this area of the city, residents will have access to the vibrant downtown scene. Nearby cafes, supermarkets, shopping malls, museums, theatres, restaurants, parks, and schools are all within a five- to ten-minute drive of the site. A haven for urbanites, this area of a large metropolis is praised by many residents for having a small-town vibe.



The Teahouse condo’s close access to public transit, including the 320 Yonge Night Bus, 506 Carlton, and 6 Bay bus stations, is another appealing feature. Within a short distance of the site, commuters may access the PATH, the streetcar, and multiple TTC rail stations.

The Gardiner Expressway passes through the Yonge Street ramps, making it easy for motorists to drive.



Families of all ages will find The Teahouse Condos to be the perfect place to call home because the neighbourhood offers a variety of school options for all grade levels. Church Street Junior Public School, the YMCA Academy, Our Lady of Lourdes School, and several more primary and secondary institutions are located nearby.

On the other hand, post-secondary students can attend renowned universities like York University and the University of Toronto, both of which are close by, making Teahouse Condo a great off-campus living option.

University of Toronto
CF Toronto Eaton Centre


Residents and Torontonians alike refer to Church-Wellesley as the Village. The Church-Wellesley Village, which is bounded by Bloor on the north and Gerrard on the south, is home to some of Toronto’s most vibrant restaurants, shops, and people. It is a thriving LGBT community that is distinguished by its residents, parties, politics, and pride.

If you need to go shopping, the CF Toronto Eaton Centre, which has hundreds of retail stores, services, and cafes, is only a four-minute drive away. Additionally, the neighbourhood is home to several community centres, public libraries, after-school activities, and open spaces where locals can unwind and have fun. The nearby parks of Alexander Park, Breadalbane Park, and McCaul-Order Park may all be reached by foot.

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The TeaHouse Condominiums at 501 Yonge St. are inspired by Asian culture and architectural traditions, embracing the use of natural materials, clean lines, perfect symmetry, and precise proportions.

The interiors of The TeaHouse Condos is more contemporary than those of typical condo buildings today. This 501 Yonge St. building may have a sauna, a lounge, a Zen garden, a board room, a pet spa, guest bedrooms, and theatre rooms, among other amenities.

Teahouse Condos amenities
Teahouse Condos amenities

There will also be a Japanese onsen pool. The element of water, a vital element of Asian architecture, makes another striking presence at TeaHouse. TeaHouse’s onsen is inspired by the popular hot spring bathing pools found throughout Japan. It has a series of four distinct pools with varying water temperatures, all of which are intended to relax your body and mind.


Lanterra Developments Ltd.


Lanterra Developments Ltd. was founded in 1999 by Mark Mandelbaum and Barry Fenton, two real estate visionaries with a passion for creating unique downtown condominium projects. The combination established by Mark and Barry’s separate and unique abilities allows them to construct and bring to reality the type of iconic and landmark structures for which Lanterra has become known. The company began with the goal of creating iconic urban condominiums that offered a perfect blend of location, luxury, and lifestyle.
In under 20 years, they have established an incredible success story on the Toronto skyline with one landmark condominium after another, conquering new heights in architecture, elegance, and sophisticated urban living. Their guiding concept extends beyond condominium development to dynamic urban renewal and puts Toronto on the global map as the new city of the future, with vibrant master-planned mixed-use communities, sustainable green living, and cutting-edge environmental technology.
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