1402 - 5740 Yonge St
For RentThe Palm ResidencesEst Lease Timeframe 8 Days
$3,300/mth
2 Beds
2 Bath
1 Parking
731 SQFT
30 Days on Strata
Listing History
Unit Highlights
Possession Date:
October 1, 2024
Lease Term:
1 Year
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South
Locker:
None
Laundry:
Ensuite
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Heat
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Combined with Dining, Walkout To Balcony, Laminate
11.19 x 18.11ft
Dining
Combined with Living, Walkout To Balcony, Laminate
0 x 0ft
Kitchen
Stainless Steel Appliances, Granite Counter, Ceramic Back Splash
8.79 x 11.19ft
About this Listing
Welcome To This Extraordinary Condo Located On An Amazing Location On Yonge And Finch. This Corner Unit Features A Bright And Sunny Unobstructed South/West View, Spacious Two Bedrooms And Open Concept Layout With Modern Finishes. This Condo Features Many Amenities Including Pool, Gym, Party Room, Conference Room, BBQ Area. Close To Finch Subway Station, Schools, Shopping & Public Transit. You Don't Want To Miss This!
ExtrasTenant Tp Pay Utilities And Tenant Insurance.
homelife/future realty inc.MLS® #C9263671
Amenities
Media Room
Rooftop Deck
Rec Room
Security System
Gym Room
Concierge
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
Household Income
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
2%
above
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance 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 againProperty Value
-12%
Decrease in property value within the past twelve months
Price Ranking
4th
Highest price per SQFT out of 40 condos in the Newtonbrook area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
32
Units were Rented over the past twelve months
Best Value Rank
The Palm Residences offers the best value out of 40 condos in the Newtonbrook neighbourhood
?
Appreciation Rank
The Palm Residences has the highest ROI out of 40 condos in the Newtonbrook neighbourhood
?
Rental Yield
The Palm Residences yields the highest rent prices out of 40 condos in the Newtonbrook neighbourhood
?
High Demand
The Palm Residences is the most popular building out of 40 condos in the Newtonbrook neighbourhood
?
Transaction Insights at 5740 Yonge Street
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|
Price Range | No Data | $550,000 | $625,000 | $697,500 | No Data |
Avg. Cost Per Sqft | No Data | $838 | $863 | $754 | No Data |
Price Range | $2,200 - $2,400 | $2,400 - $2,500 | $2,600 - $3,300 | $3,000 - $3,400 | No Data |
Avg. Wait for Unit Availability | 130 Days | 103 Days | 46 Days | 135 Days | No Data |
Avg. Wait for Unit Availability | 50 Days | 37 Days | 19 Days | 53 Days | No Data |
Ratio of Units in Building | 19% | 21% | 42% | 18% | 2% |
Transactions vs Inventory
Total number of units listed and leased in Newtonbrook