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SAGE Real Estate Ltd., Brokerage logo

Mark Savel

SAGE Real Estate Ltd., Brokerage

2010 Yonge St, Toronto, ON M4S 1Z9, Canada

Phone: 416-483-8000

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

© 2026 Mark Savel. All rights reserved.

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MLS# C12906962Bay Street Corridor, Toronto · M4Y 1X9
For LeaseCommercial Retail

514 Yonge Street

$50/mo
2 Bath1,245 sqft$0.04/sq ft33d on market
Teahouse Condos Phase 2byLanterra Developments
MLS# C12906962Bay Street Corridor, Toronto · M4Y 1X9
For LeaseCommercial Retail

514 Yonge Street

Teahouse Condos Phase 2byLanterra Developments

$50/mo

33 days on market

Bedrooms
—
Bathrooms
2 Bath
Size
1,245 sq ft
Parking
None
Lot Size
0.00 x 0.00 Feet
OverviewHistoryDetailsBuildingNeighbourhood

Listing History — This Unit

Mar 21, 2026(1mo ago)·33 DOM
$50
Active
GITALIS REAL ESTATE INC.
C12906962Current

About This Listing

Retail space on Yonge St, previous Asian themed tea house, one block south of Wellesley station, usable basement.

Property Details

MLS NumberC12906962
Property TypeCommercial Retail
StyleRetail
Listing TypeFor Lease
StatusActive
Bathrooms2
Size1,245 sq ft
Lot Size0.00 x 0.00 Feet
Parking TypeNone
Property Tax$32/yr
Days on Market33
Listed2026-03-21
Possession2026-05-01
CommunityBay Street Corridor
MunicipalityToronto
Cross StreetYonge St & Grosvenor St.
Teahouse Condos Phase 2

Teahouse Condos Phase 2

Red Bricks Data

by Lanterra Developments · 501 Yonge Street

22 StoreysCompleteWalk 99Transit 100

Maint. Fees

0.58

Parking

$55,000

Locker

$5,000

Occupancy

2018

Live MLSFor Sale: 4 · $1365/sqftFor Rent: 15 · $4.93/sqft
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.Perhaps you will stop and enter the Tea Room, where you might lounge a while to refresh before you ascent to your suite.The 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.Invite 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.
View full building profile

Location & nearby

│
100
Walk
100
Transit

514 Yonge Street

Nearby schools

Closest publicly funded schools within 5 km, ranked by EQAO standardized test scores

Elementary

3 schools

Church Street Junior Public School

402 m
PublicGrades JK-6
EQAO scoreStrong
73 / 100
Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 3R81%W69%▼ 14.0M70%
Grade 6R84%W87%▲ 12.0M45%▲ 9.0

R = Reading · W = Writing · M = Math · arrows show 3-year change

485 students5% Special Ed0% Gifted

Collège français élémentaire

543 m
FrenchGrades 7-8·Français
EQAO data not available
Per-grade breakdown & demographics▾
Per-grade EQAO breakdown

R = Reading · W = Writing · M = Math · arrows show 3-year change

75 students20% Special Ed0% Gifted

St Martin Catholic School(OL of Lourdes

794 m
CatholicGrades 6-8
EQAO data not available

Secondary

3 schools

St Joseph's College School

363 m
CatholicGrades 9-12
EQAO scoreStrong
77 / 100
Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 9 Math66%▲ 7.0
OSSLT literacy pass rate87%▼ 5.0

Arrows show 3-year change

545 students14% Special Ed

EQAO score is the average of available reading, writing & math results, 0–100 · Source: Ontario Ministry of Education

PublicCatholicFrench

Transit access

Nearest rapid transit and bus stops

M
Nearest subway
Wellesley Station - Southbound Platform
168 m · every 3 min at peak
1
S
Nearest streetcar
Yonge St at Alexander St
93 m · every 6 min at peak
1930632050697

Nearby amenities

630 within a 10-min walk · 2102 within 20 min · click a card to see the closest ones

Daily essentials

🏪
Convenience
35within 800 m
+68more by 1.6 km
17 within a 5-min walk
  • Thai Mart47 m
  • INS Market55 m
  • BZB Convenicne64 m
🛒
Builder Documents

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April 2026

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Listing provided by GITALIS REAL ESTATE INC.

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing or renting.

Sold and leased listing data is provided under the Virtual Office Website (VOW) data feed and is available only to registered users who have agreed to the Terms of Use. This data is for personal, non-commercial use only and may not be copied, redistributed, or retransmitted.

MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 22, 2026 at 03:43 a.m.

3% Gifted

Native Learning Centre

378 m
PublicGrades 9-12
EQAO data not available

Collège français secondaire

566 m
FrenchGrades 9-12·Français
EQAO scoreExcellent
93 / 100

Top 25% of Ontario secondary schools

Per-grade breakdown & demographics▾
Per-grade EQAO breakdown
Grade 9 Math86%▲ 26.0
OSSLT literacy pass rate100%

Arrows show 3-year change

155 students15% Special Ed0% Gifted

Bus stops within 800 m

5 stops
  • Yonge St at Grosvenor St
    32097
    52 m
  • Yonge St at Wellesley St East - Wellesley Station
    32097
    144 m
  • Wellesley St West at Yonge St
    94
    152 m
  • Wellesley St East at Yonge St
    94
    169 m
  • Yonge St at Wellesley St West - Wellesley Station
    32097
    172 m

Source: TTC GTFS · straight-line distances · routes shown are short names

Grocery
29within 800 m
+44more by 1.6 km
15 within a 5-min walk
  • Kream25 m
  • Galleria Supermarket Express123 m
  • Shu Cake150 m
💊
Pharmacy
27within 800 m
+42more by 1.6 km
14 within a 5-min walk
  • White Cross Drugs35 m
  • The Village Pharmacy80 m
  • Remedy'sRx175 m
🏦
Bank / ATM
22within 800 m
+63more by 1.6 km
9 within a 5-min walk
  • Scotiabank141 m
  • Rapport Credit Union168 m
  • Meridian Credit Union192 m
📮
Post
3within 800 m
+14more by 1.6 km
1 within a 5-min walk
  • Wood Street Canada Post234 m
  • Canada Post544 m
  • Bay and Gerrard Canada Post605 m

Food & drink

🍽️
Restaurants
291within 800 m
+617more by 1.6 km
123 within a 5-min walk
  • Taning Lemon Tea4 m
  • Diyijia8 m
  • Mars Village Eatery11 m
☕
Coffee
93within 800 m
+172more by 1.6 km
39 within a 5-min walk
  • Heytea45 m
  • Kati47 m
  • Charles Tea89 m
🍺
Bars & pubs
20within 800 m
+42more by 1.6 km
14 within a 5-min walk
  • Fox and Fiddle191 m
  • Bar Volo254 m
  • Pogue Mahone Irish Pub297 m

Recreation

🏋️
Fitness
10within 800 m
+27more by 1.6 km
5 within a 5-min walk
  • Telomere Fitness9 m
  • Fit4Less36 m
  • Mattamy Athletic Centre347 m
🎭
Entertainment
9within 800 m
+31more by 1.6 km
4 within a 5-min walk
  • Buddies in Bad Times102 m
  • Police Museum & Discovery Centre277 m
  • CARLU289 m
🏛️
Community
6within 800 m
+33more by 1.6 km
4 within a 5-min walk
  • Centre Francophone247 m
  • Native Child & Family Centre of Toronto251 m
  • Sagrario Pilates Studio332 m
🌳
Parks
4within 800 m
+3more by 1.6 km
1 within a 5-min walk
  • James Canning Gardens399 m
  • Podium Green Roof1.1 km
  • Gardens of Justice1.2 km
📚
Libraries
3within 800 m
+18more by 1.6 km
  • Regis College Library482 m
  • The ArQuives513 m
  • Emmanuel College Library - Victoria University766 m

Services & shops

🏥
Healthcare
47within 800 m
+93more by 1.6 km
26 within a 5-min walk
  • Intrepid Health37 m
  • EnerHealth Medical & Wellness Centre37 m
  • Queen's Park Health173 m
🛍️
Shops
28within 800 m
+191more by 1.6 km
8 within a 5-min walk
  • Toronto Tees58 m
  • Toronto Tees71 m
  • Winners278 m
🧸
Daycare
2within 800 m
+8more by 1.6 km
1 within a 5-min walk
  • Queen's Park Child Care Centre315 m
  • Gerrard Early Learning Centre874 m
  • Wellesley Early Learning Centre902 m
⛽
Gas / EV
1within 800 m
+6more by 1.6 km
  • Petro-Canada599 m
  • Tesla Supercharger948 m
  • Canadian Tire1.1 km

© OpenStreetMap contributors · counts are amenities tagged in OSM within walking distance