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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.

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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 ft19d 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

19 days on market

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

Listing History — This Unit

Mar 21, 2026(19d ago)
For Lease

$50

19 DOM
GITALIS REAL ESTATE INC.·MLS# C12906962
Current

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 Market19
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: 6 · $1438/sqftFor Rent: 15 · $5.27/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.
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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.

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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 8, 2026 at 09:43 p.m.