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    Toronto / North York / Newtonbrook

    207 - 5740 Yonge St

    For SaleThe Palm Residences
    $679,880
    2 Beds
    2 Bath
    1 Parking
    782 SQFT
    39 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $750/mth
    Taxes:
    $2,618 (2024)
    Cost Per Sqft:
    $869/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    November 15, 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
    Combined with Dining, Laminate, Walkout To Balcony
    18.21 x 10.79ft
    Dining
    Combined with Living, Laminate
    18.21 x 10.79ft
    Kitchen
    Open Concept, Granite Counter, Breakfast Bar
    7.97 x 8.79ft

    About this Listing

    Discover the conveniences of your new home or investment property at the heart of North York right at the cross intersection of Yonge & Finch Subway Line just steps away from the TTC subway, GO Transit stations, York Region Busses and much more. This is at a heart of vibrant communities that displays array of Place of Worships, vast selections of groceries, restaurants, shops, and parks.This sophisticated and improved 2-bedroom, 2-bathroom condo offers and open-concept unit with a spacious kitchen with a large island, modern finishes, and beautiful laminate floors throughout, upgraded lighting, beautifully interiored space to maximize your living, enjoy the convenience of having two full size bedrooms and two well-appointed bathrooms in a fantastic building with lots of amenities. Parking is included, making this the perfect urban retreat for young adults, students, starting families and upgrading from renting to owning. Don't miss out on this incredible opportunity to own a perfect home in an outstanding location.

    ExtrasAll Electrical Light Fixtures, All Window Coverings, All Kitchen Appliances, Washer & Dryer.

    re/max hallmark realty ltd.MLS® #C9397529

    Amenities

    Indoor Pool
    Gym Room
    Sauna
    Party Room
    Rec Room
    Visitor Parking

    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
    2%
    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

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    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

    30
    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 Availability130 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