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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
1 Bed, 1 Bath Condo in Toronto
Unit 2208 at 501 Yonge Street
Wonderful Location at Yonge & Wellesley!Two-Year-New 1 Bed + Den at Teahouse Condos. Den Can Be Used as 2nd Bedroom or Home Office. 9' Ceilings & Laminate Flooring Throughout. Spacious Bedroom with Floor-to-Ceiling Windows. Modern Kitchen with Granite Countertop, Backsplash & stainless steel Appliances. Marble Vanity in Bath. Unobstructed East Sunrise View.Steps to U of T, TMU, Subway, Shops, Restaurants, Hospitals.Five-Star Amenities: 24/7 Concierge, Gym, Rooftop Pool & Patio, Hot/Cold Plunge Pools, Party Room with Wet Bar, Lounges, Billiards, Boardroom, Theatre & More!
1 bedroom, 1 bathroom, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 501 Yonge St #2208
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
0-499 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
501 Yonge St #2208 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14169794$499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 501 Yonge St #2208 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,451
/mo
based on the purchase price of $499,000
$99,800 cash
$399,200 financed
$336,231 total interest
Principal54%$399,200
Interest46%$336,231
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Zara · AI virtual agent
Ask about 501 Yonge St #2208 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $499K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5116.9%On average, homes sold at or above asking.
Active listings13,340Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 15 – Aug 13, 2026: prices down.
Based on 9,266 sales from Aug 13 – Nov 11, 2026 (7,225 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
8 for sale · 8 for rent at 501 Yonge St — plus its sale and lease history.
501 Yonge St #2208 is listed at $499,000 (MLS® C14169794). Summitly updates the price as soon as the MLS® record changes.
Has the price of 501 Yonge St #2208 changed?
No — 501 Yonge St #2208 is still listed at its original asking price of $499,000.
How many bedrooms and bathrooms does 501 Yonge St #2208 have?
501 Yonge St #2208 has 1 bedroom and 1 bathroom, with about 0–499 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 501 Yonge St #2208?
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 501 Yonge St #2208 compare with other homes in Toronto?
Its asking price of $499,000 is about 41% below the median sold price in Toronto over the last 90 days, $840,000, across 9,266 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 501 Yonge St #2208 been sold before?
Summitly has no earlier MLS® sale or lease of 501 Yonge St #2208 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 501 Yonge St #2208?
501 Yonge St #2208 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 501 Yonge St #2208 been on the market?
501 Yonge St #2208 was listed today (November 11, 2026).
What is the price per square foot of 501 Yonge St #2208?
About $1,000 per square foot: the asking price of $499,000 over the 0–499 sq ft the listing gives.
Does 501 Yonge St #2208 have parking or a garage?
Garage: Yes.
Does 501 Yonge St #2208 have a basement, and is it finished?
The listing says 501 Yonge St #2208 has no basement.
What is the land transfer tax on 501 Yonge St #2208?
About $12,910 at the asking price of $499,000: $6,455 Ontario land transfer tax plus $6,455 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
