CBRE is pleased to present a rare opportunity to acquire 501 Yonge Street, a full city block of prime retail space in the podium of Teahouse Condominiums, located in the heart of Toronto’s Downtown Yonge corridor. This high-profile property offers exceptional frontage along Yonge Street between Maitland and Alexander Streets, delivering unparalleled visibility in one of Canada’s most dynamic urban markets. The asset is fully leased to a curated mix of 10 reputable tenants, including national brands and strong local operators such as Fit4Less, Firehouse Subs, HeyTea, and Me Va Me. With units designed for food uses and robust contractual rent escalations, investors benefit from secure, diversified cash flow and long-term income stability. The property’s strategic positioning near Toronto Metropolitan University, Yonge-Dundas Square, and the Eaton Centre ensures consistent foot traffic and sustained demand. Connectivity is unmatched, with Wellesley and College subway stations just steps away and multiple streetcar lines nearby. The surrounding area is experiencing exponential growth, with over 21,000 new residential units planned or under construction along the Yonge corridor, reinforcing the property’s future upside. This offering represents a rare chance to own a trophy retail asset in a market characterized by strong fundamentals, high barriers to entry, and enduring appeal.