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    The Palm Residences

    5740 Yonge Street

    3for Sale
    8for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    23
    Number of Units:
    214
    Condo Completion:
    2013
    Condo Demand:
    Medium
    Unit Size Range:
    499 - 1,710 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for The Palm Residences

    Amenities

    Security System
    Party Room
    Concierge
    Sauna
    Indoor Pool
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 5740 Yonge StreetThe Palm Residences

    5740 Yonge Street is a great choice for those seeking a Newtonbrook condo for sale. This condo is 23 storeys tall and is home to 214 units. The complex was completed in 2013, and features Toronto condo that range in size from 499 square feet to 1710 square feet.

    This condo has a Walk Score of 85 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.83 per-square-foot, which is higher than the neighbourhood average of $0.79 per-square-foot.

    The Suites

    We’ve aggregated a number of stats at 5740 Yonge Street. Here are some highlights: In the past 12 months, 4 units have sold, and 19 have been rented. Meanwhile, property values here have increased by 4.1%.

    Units at The Palm Residences have a low likelihood of receiving more than one offer, and on average they sell for -1.75% below the listed price. Suites here have an average cost per-square-foot of $943 based on sales over the past 12 months, and the median time a unit spends on the market is 22 days.

    The Neighbourhood

    Living here means you’re just a 4-minute walk from Jung Soo Nae Restaurant, Mr. Souvlaki and Fit For Life, making it easy to dazzle your taste buds without much effort. You’ll only have to walk 6 minutes to pick-up a coffee before heading out for your day at Timothy's World Coffee, Tim Hortons and Starbucks.

    There are a number of grocery stores within a short drive, including Food Basics, Arzon Food Market and Khorak Supermarket.

    Residents here can stop by RBC Royal Bank and First Swiss Financial Group on their way home from work, so they can take care of their financial needs.

    Whether you're looking to play, exercise or gather with friends — nearby parks like Hendon Park and Finch Parkette are the perfect spot for all kinds of activities.

    Those who love to shop will appreciate all the options nearby with Yonge Connaught Plaza, Whohou Marketplace and Collaboht Branding just 2 minutes from here.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Irena Art Gallery, Pars Art Gallery and Centre Rug Gallery less than a 2-minute drive away will give you a lift. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.

    The Palm Residences is a short drive away from McKee Public School, Churchill Public School and Pleasant Public School, giving you plenty of choice for your child’s education. Newtonbrook is an excellent area for parents and teens alike where your teenager will be able to explore close to home after attending Jonas High School, Horizons Secondary School and Unionville Academy. And you’ll have peace of mind they’re nearby!

    Transportation

    Transit users aren’t far from a light transit stop at Yonge St At Bishop Ave North Side. Finch Station station is only 0 minutes walking distance from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 5793 Yonge Street, 5765 Yonge Street and 5785 Yonge Street.

    3

    Listings For Sale

    Interested in receiving new listings for sale?

    8

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    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.

    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%

    Days on Strata

    Units at The Palm Residences spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    4%
    Increase in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 39 condos in the Newtonbrook area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    20
    Units were Rented over the past twelve months

    Best Value Rank

    The Palm Residences offers the
    ?
    best value out of 39 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    The Palm Residences has the
    ?
    highest ROI out of 39 condos in the Newtonbrook neighbourhood

    Rental Yield

    The Palm Residences yields the
    ?
    highest rent prices out of 39 condos in the Newtonbrook neighbourhood

    High Demand

    The Palm Residences is the
    ?
    most popular building out of 39 condos in the Newtonbrook neighbourhood

    Transaction Insights at 5740 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$570,000No Data$685,000 - $725,000$697,500No Data
    Avg. Cost Per Sqft$1,007No Data$1,006$754No Data
    Avg. Wait for Unit Availability122 Days100 Days42 Days130 DaysNo Data
    Ratio of Units in Building20%20%41%19%2%

    Maintenance Fees

    The Palm Residences vs The Newtonbrook Area

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