207 - 5740 Yonge St

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For SaleThe Palm Residences

$679,880

2 Beds

2 Bath

1 Parking

782 SQFT

29 Days on Strata

Est Sell Timeframe

11 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

Rec Room

Visitor Parking

Concierge

Indoor Pool

Party Room

Gym 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

Average Household Income

$115,798

Dominant Housing Type

Detached

Population By Age

0 - 14

12%

15 - 19

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+

$125,000+

Housing Types & Tenancy

Detached

51%

Semi Detached

20%

Low Rise Apartment

12%

High Rise Apartment

Duplex

Marital Status

Commute

Languages (Primary Language)

English

54%

Cantonese

17%

Mandarin

13%

Other

12%

Tamil

Tagalog

Education

University and Above

28%

High School

27%

None

20%

College

16%

Apprenticeship

University Below Batchelor

Major Field of Study

Business Management

28%

Architecture & Engineering

18%

Health & Related Fields

11%

Social Sciences

10%

Math & Computer Sciences

Physical Sciences

Humanities

Education

Personal, Protective & Transportation Services

Visual & Performing Arts

Agriculture & Natural Resources

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

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

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

Units were Sold over the past twelve months

Rented Units

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 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 - $3,150	$3,000 - $3,100	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	54 Days	No Data
Ratio of Units in Building	19%	21%	42%	18%	2%

Transactions vs Inventory

Total number of units listed and sold in Newtonbrook