TEAHOUSE CONDOS IN PRE-CONSTRUCTION AT YONGE ST & ALEXANDER ST
Coming soon to the corner of Yonge Street and Alexander Street is a new condominium development called the Teahouse Condos by Lanterra Developments in Toronto.
This is a proposed mixed-use building with two towers of 52 (174 metres tall) and 23 (80 metres tall) storeys respectively. There will be a total of 776 proposed residential units on a 4 to 7 storey base with retail use space at grade level. The parking spaces will be in the 5 levels of above grade garage since the TTC subway tunnel runs the length of the property. Amenity space will be above grade as well. The original plans were for 2 towers of 58 storeys each with 960 units but since August of 2013 which is the third submission there is now 52 and 23 towers proposed. There will be approximately 235 vehicle parking spaces of which 185 are for residents and 47 are for visitors. There are also 776 proposed bicycle parking spaces in total of which 621 are for residents and 155 are for visitors. The indoor amenity space (1,646 square metres) for this site is proposed to be on the 6th & 7th floors between the two towers. There is 635 square metres of outdoor amenity space and is proposed to be located on the 6th floor.
2% (19) of the residential suites will be for bachelor units. 10% (78) will be for 3 bedroom units. 23% (177) for 2 bedroom units and 65% (502) for 1 bedroom units. The lobbies for the residential condominiums will be on Alexander Street and Maitland Street.
"Amidst the beating heart of the city, two worlds meet. This is where inspiration meets inspired design. Where tranquil living meets the energy of life. This is where East meets West. The culture and design traditions of Asia are the inspiration for a new landmark building set to rise on Toronto’s most iconic street. TeaHouse at 501 Yonge Street is your welcome respite, your serene retreat from the vibrant energy of downtown life. Feel your world restored to balance the moment you arrive home. Here, the modern and the natural come together. Time-honoured traditions are given new life. And all the elements coexist in perfect harmony."
Teahouse Condos Brochure.pdf
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|Developer: Lanterra Developments||Development Name: Teahouse Condos|
|Address: 501 Yonge Street, Toronto, ON M4Y 1Y4||Location: Yonge St/Alexander St/Maitland St|
|No. of Storeys: 52 storeys and 23 storeys||Number of Buildings: 2 Towers|
|Unit Size Range: From 375 sq. ft. to 913 sq. ft.||Unit Type:|
|Price Range: From $241,000 to over $609,900||First Occupancy: Summer 2018|
|Property Taxes: Estimated at approximately 1% of purchase price||Maintenance Fees:|
|Platinum VIP Client Incentives: Developer and Platinum VIP Broker Incentives, Promotions and much more. Click here to register for the Platinum Access Event|
David Vu & Brigitte Obregon, Brokers
Cell: 416-258-8493 & 416-371-3116
RE/MAX Ultimate Realty Inc., Brokerage
1739 Bayview Ave Toronto, ON
Do Not Represent the Developer
We are independent Realtors with Re/Max Ultimate Realty Inc., Brokerage in Toronto. We specialize in pre-construction sales and through our developer relationships have access to INSIDER SALES & TRUE UNIT ALLOCATION in advance of the general Realtor and the general public.
If you are not currently working with a Realtor, we will provide you with a personal consultation to ensure your purchase is a smooth process. We will answer your questions and concerns and will provide you with all relevant information about the Agreement of Purchase and Sale, your rights as a Buyer and we will also assist you if needed until the closing date.
If this is your first time buying a pre-construction house/condo, we will give you professional guidance accordingly. If you are an investor, please contact us first for more details. We offer great advice and knowledge in this industry. You may contact our direct lines listed above for more information.
Register today for the Floor Plans and Price List. Please call or click the Platinum Access Registration button in order to register with us to receive updated information and for future Platinum VIP Preview Sales Event for this project.