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    Toronto / North York / Newtonbrook

    1505 - 5740 Yonge St

    For SaleThe Palm Residences
    $579,999
    1 Bed + 1
    1 Bath
    1 Parking
    653 SQFT
    26 Days on Strata
    Est Sell Timeframe
    11 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $611/mth
    Taxes:
    $2,174 (2024)
    Cost Per Sqft:
    $888/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    December 2, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    18.28 x 12.14ft
    Dining
    Laminate, Combined with Living, Walkout To Balcony
    18.28 x 12.14ft
    Kitchen
    Stainless Steel Appliances, Quartz Counter, Breakfast Bar
    8.5 x 6.53ft

    About this Listing

    *Location-Location-Location* The Palm Luxury Condo, Unit Fully Renovated top to bottom including brand new stainless steel appliances One Bedroom + Den High Floor, Right In The Heart Of North York Immaculate Bright Spacious *9'Ceilings* *Quartz Counter Top* Living Room, Breakfast Counter, W/O To A Open Balcony With Unobstructed View* Comes with One Parking close to elevator. Enjoy Amenities Include Gym, Pool, Outdoor Terr, Party Room, Concierge & More *Steps To Finch Station, Bus Stops* Walking To Restaurants, Theatres, Cinemas, Coffee Shops, Etc.

    ExtrasUnit Fully Renovated, Brand new Stainless Steel Appliances, Upgraded Brand New kitchen & Bathroom and New Flooring and Fresh paint done.

    re/max real estate centre inc.MLS® #C11249390

    Amenities

    Concierge
    Indoor Pool
    Rooftop Deck
    Party Room
    Rec Room
    Media Room

    Explore Neighbourhood

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    16,570
    Average Individual Income
    $67,675
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $115,798
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    17%
    50 - 64
    23%
    65+
    23%
    Household Income
    $0 - $30,000
    52%
    $30,000+
    25%
    $60,000+
    11%
    $90,000+
    6%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    51%
    Semi Detached
    20%
    Low Rise Apartment
    12%
    High Rise Apartment
    7%
    Duplex
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    54%
    Cantonese
    17%
    Mandarin
    13%
    Other
    12%
    Tamil
    3%
    Tagalog
    1%
    Education
    University and Above
    28%
    High School
    27%
    None
    20%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    The Palm Residences vs The Newtonbrook Area

    Building Trends At The Palm Residences

    Days on Strata

    Units at The Palm Residences spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Newtonbrook

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -13%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    31
    Units were Rented over the past twelve months

    Best Value Rank

    The Palm Residences offers the
    ?
    best value out of 41 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    The Palm Residences has the
    ?
    highest ROI out of 41 condos in the Newtonbrook neighbourhood

    Rental Yield

    The Palm Residences yields the
    ?
    highest rent prices out of 41 condos in the Newtonbrook neighbourhood

    High Demand

    The Palm Residences is the
    ?
    most popular building out of 41 condos in the Newtonbrook neighbourhood

    Transaction Insights at 5740 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$550,000$625,000$697,500No Data
    Avg. Cost Per SqftNo Data$838$863$754No Data
    Avg. Wait for Unit Availability131 Days103 Days46 Days135 DaysNo Data
    Ratio of Units in Building19%21%42%18%2%

    Transactions vs Inventory

    Total number of units listed and sold in Newtonbrook