Teahouse Condos — Toronto Pre-Construction
Teahouse Condos is a resale pre-construction condos development by Lanterra Developments in Toronto's Church & Wellesley starting from $266,900. Get pr…
Teahouse Condos Quick Facts
| Project Name | Teahouse Condos |
|---|---|
| Developer | Lanterra Developments |
| Address | 501 Yonge Street |
| City | Toronto |
| Neighbourhood | Church & Wellesley |
| Region | Greater Toronto Area |
| Building Type | Condo |
| Sales Status | Resale |
| Storeys | 52 |
| Suite Sizes | 309 – 1728 sq ft |
| Pricing | $266,900 – $2,375,900 |
| Deposit Structure | 20% (over 365 days) + 5000% on Occupancy |
| Maintenance Fees | $1 / sq ft / month |
| Occupancy | 2021-01-01 |
| Walk Score | 99 |
| Transit Score | 100 |
About Teahouse Condos in Toronto
Teahouse Condos is a completed condominium development by Lanterra Developments at 501 Yonge Street in the Church & Wellesley neighbourhood of Toronto. The 52-storey project rises 174 metres (571 feet) and contains 960 suites. Architecture is by architectsAlliance. Teahouse Condos was completed in 2021. Suites range from 309 to 1,728 sq. ft. The location has a Walk Score of 99 and a Transit Score of 100. At 174 metres, Teahouse Condos ranks #16 by height among 69 tracked projects in Church & Wellesley.
Key Highlights of Teahouse Condos
Teahouse Condos is a pre-construction condominium project located in Toronto's Downtown Core at Yonge & College. The condominium is a mixed use tower developed by Lanterra Developments.
The tower and amenities celebrate Asian design and architecture, featuring natural material, clean lines and emphasis on symmetry and precise proportions.
The project features two distinct towers at 52 and 25 storeys rising above a shared podium that will connect the towers to the street.
Teahouse Condos Project Details
-Located in the heart of Downtown Toronto at Yonge & College
-Two towers standing 52 and 25 storeys connected by a large podium that anchors the towers to the street
-960 suites (combined two towers) with suites ranging from studios to 3 bedrooms
-Unique Asian inspired amenities such as a Tea Room, Koi Ponds, a Tranquil Rock Lounge, Zen Gardens, Yoga Room, Onsen Pool and an outdoor Swimming Pool.
Teahouse Condos: The Developers
-Developed by Lanterra Developments - one of Toronto's leading builders
-Award winning developer
-Projects include ICE Condominiums, Maple Leaf Square, One Bedford, The Britt, Murano, Wellesley on the Park and much more (browse all condos by Lanterra)
-Architecture by architectsAlliance
-Interiors by Munge Leung
-Landscaping by Nak Design Strategies
Teahouse Condos: The Location
-Has a prestigious Yonge Street Address (501 Yonge) at Yonge & College in Toronto's Downtown Core
-Near perfect 99/100 WalkScore, a Walker's Paradise
-Major nearby amenities include:
Hospital District with 5 major hospitals including Toronto General and SickKids
Steps to TWO Universities (Ryerson University and University of Toronto)
One block to Yorkville and luxurious shopping along Bloor Street
-Short subway ride to the Financial District
-Perfect 100/100 TransitScore
-Steps to 2 Subway Stations (College and Wellesley)
Teahouse Condos Renderings & Gallery
Teahouse Condos Floor Plans & Pricing
| Floor Plan | Beds | Baths | Size (sq ft) | Price | Availability |
|---|---|---|---|---|---|
| Lily | 0 | 1 | 375 | Register for pricing | Sold Out |
| Mate | 1 | 1 | 435 | Register for pricing | Sold Out |
| Crimson | 2 | 1 | 476 | Register for pricing | Sold Out |
| Jasmine | 2 | 1 | 497 | Register for pricing | Sold Out |
| Pearl | 2 | 1 | 524 | $397,900 | Sold Out |
| Jade | 2 | 1 | 536 | Register for pricing | Sold Out |
| Rose | 2 | 1 | 546 | Register for pricing | Sold Out |
| Pure | 1 | 1 | 560 | $366,900 | Sold Out |
| Orchid | 2 | 1 | 590 | $436,900 | Sold Out |
| Blossom | 3 | 2 | 737 | $490,900 | Sold Out |
| Royal | 3 | 2 | 796 | Register for pricing | Sold Out |
| Emerald | 2 | 2 | 808 | $542,900 | Sold Out |
| Imperial | 3 | 2 | 903 | $609,900 | Sold Out |
| Bergamot | 4 | 2 | 913 | $609,900 | Sold Out |
| Laos | 3 | 3 | 1501 | $2,063,900 | Sold Out |
| Puning | 3 | 3 | 1502 | $2,065,900 | Sold Out |
| Hong Kong | 3 | 3 | 1728 | $2,375,900 | Sold Out |
Full Teahouse Condos floor plan PDFs, the current price list and available incentives are released to registered buyers. Request the Teahouse Condos price list and floor plans.
Teahouse Condos Deposit Structure
20% (over 365 days) + 5000% on Occupancy
Deposit structures at Teahouse Condos can change between releases and may differ for international buyers. Confirm the current Teahouse Condos deposit structure before submitting a worksheet.
Amenities & Finishes
- ["Teahouse will ultimately consist of two residential buildings and ground floor retail. The moment you enter the lobby a sense of calmness envelopes you. The beautiful lines","the muted lighting and the elegant natural materials allow you to leave the world behind you and relax. \n\nPerhaps you will stop and enter the Tea Room","where you might lounge a while to refresh before you ascent to your suite.\n\nThe amenities designed by Munge Leung include an outdoor pool","an indoor Onsen Pool which features a set of four separate pools at different water temperatures","all designed to soothe your body. Reland in the Rock lounge after a workout in the fitness centre or yoga room.\n\nInvite guests and entertain in the party room with formal dining and indoor and outdoor lounging space with barbeque area or perhaps watch a sporting event in the theatre room. The 24 hour concierge is always available to assist you."]
Location: 501 Yonge Street
Teahouse Condos is located at 501 Yonge Street, Toronto in the Church & Wellesley neighbourhood, Greater Toronto Area.
- Walk Score: 99/100
- Transit Score: 100/100
Explore more pre-construction projects in Toronto or browse the Greater Toronto Area region.
About the Developer: Lanterra Developments
Teahouse Condos is being developed by Lanterra Developments, with architecture by architectsAlliance.
See all Lanterra Developments pre-construction projects.
How to Buy at Teahouse Condos
- Register early. Allocation at Teahouse Condos in Toronto is released to platinum brokerages before any public opening, so the best floor plans and lowest release pricing go to registered buyers first.
- Review the price list and deposit structure. The current published deposit structure is 20% (over 365 days) + 5000% on Occupancy.
- Submit a worksheet. Worksheets rank your preferred suites or lots; they are not binding until the developer issues an allocation.
- Sign and use your cooling-off period. Ontario pre-construction condominium purchases carry a 10-day statutory rescission period for lawyer and lender review. Freehold purchases do not.
Closing Costs & Investor Notes for Teahouse Condos
Budget beyond the purchase price at Teahouse Condos: development and education levies (usually capped by amendment), Tarion enrolment, utility meter hook-ups, land transfer tax plus the Toronto municipal land transfer tax, HST treatment (the federal/provincial new-housing rebate applies to buyers who occupy or, for investors, the rental rebate applies with a one-year lease), and legal fees. Estimated maintenance is $1 per sq ft per month.
Assignment rights, rental-during-occupancy rights and capped levies vary release to release at Teahouse Condos. Confirm each in the current agreement of purchase and sale before you sign.
Teahouse Condos — Frequently Asked Questions
Where is Teahouse Condos located?
Teahouse Condos is located at 501 Yonge Street, Toronto in the Church & Wellesley neighbourhood.
Who is the developer of Teahouse Condos?
Teahouse Condos is being developed by Lanterra Developments.
How much do units at Teahouse Condos cost?
Pricing at Teahouse Condos starts from $266,900 and ranges to $2,375,900. Prices and incentives change with each release — request the current price list for live pricing.
When is occupancy at Teahouse Condos?
Estimated occupancy for Teahouse Condos is 2021-01-01.
How many units are in Teahouse Condos?
Teahouse Condos is planned as a 52-storey condo development.
How do I get platinum or VIP access to Teahouse Condos?
Circle Real Estate provides platinum access to Teahouse Condos, including first access to floor plans, the price list and worksheet submission. Register on this page to be added to the VIP list.
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Register for Teahouse Condos pricing, floor plans and VIP access on Circle Real Estate.
Last verified: 2026-09-27. Source: RedBricks project feed. Published by Circle Real Estate Brokerage. Prices and incentives are subject to change without notice. E. & O.E.