5740 Yonge St. This condo at The Palm Residences is located in  North York, Toronto - image #1 of 2 by Strata.ca
pin_buy5740 Yonge St
2Listings for Salefor Sale
3Listings for Rentfor Rent
building_buyThe Palm Residences
pin_buy5740 Yonge Stexpand addresses list
    building_buyThe Palm Residences
    2Listings for Salefor Sale
    3Listings for Rentfor Rent
    Walkability
    9/10
    Transit
    10/10
    Bikeability
    6/10
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Castle Group
    Condo Completion
    2013
    Property Management
    Del Property Management Inc.
    Unit Size Range
    504 - 1710 SQFT
    Number of Units
    214
    Number of Storeys
    23

    5740 Yonge St, Toronto

    About this condo

    5740 Yonge St 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 504 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 $0.77 per-square-foot, which is higher than the neighbourhood average of $0.72 per-square-foot.

    The Suites

    We’ve aggregated a number of stats at 5740 Yonge St. Here are some highlights: In the past 12 months, 16 units have sold, and 31 have been rented. Meanwhile, property values here have increased by 9.1%.

    Units at The Palm Residences have a medium likelihood of receiving more than one offer, and on average they sell for 4.63% above the listed price. Suites here have an average cost per-square-foot of $907 based on sales over the past 12 months, and the median time a unit spends on the market is 24 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 St, 5765 Yonge St and 5785 Yonge St.

    2

    Listings For Sale

    Interested in receiving new listings for sale?

    3

    Listings For Rent

    Amenities

    Amenities
    Concierge
    Security System
    Rooftop Deck/Garden
    Recreation Room
    Sauna
    Gym
    Indoor Pool
    Party/Meeting Room
    Media Room
    Visitor Parking

    Maintenance Fees Cover

    Maintenance fees include

    None

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning
    Water

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    The Palm Residences vs The Newtonbrook Area

    $196.00
    More Expensive
    per SQFT compared to the neighbourhood average
    The Palm Residences's Avg
    price per SQFT
    $1,011 / SQFT
    Neighbourhood Avg
    price per SQFT
    $815 / SQFT

    Building Trends At The Palm Residences

    Days on Market

    Units at The Palm Residences spend an average of
    24
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    above
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

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

    Property Value

    9%
    Increase in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 37 condos in the Newtonbrook area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    31
    Units were Rented over the past twelve months

    Best Value

    The Palm Residences offers the
    ?
    best value out of 37 condos in the Newtonbrook neighbourhood

    Return on Investment

    The Palm Residences has the
    ?
    highest ROI out of 37 condos in the Newtonbrook neighbourhood

    Rental Yield

    The Palm Residences yields the
    ?
    highest rent prices out of 37 condos in the Newtonbrook neighbourhood

    High Demand

    The Palm Residences is the
    ?
    most popular building out of 37 condos in the Newtonbrook neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed534 - 600 SQFT
    Average Cost Per Sqft$1,027
    Sales Price Range$630,000 - $672,000
    Rental Price Range$1,800 - $2,300
    1 Bed + Den549 - 679 SQFT
    Average Cost Per Sqft$1,054
    Sales Price Range$575,000 - $615,000
    Rental Price Range$1,850 - $2,450
    2 Bed712 - 1208 SQFT
    Average Cost Per Sqft$861
    Sales Price Range$635,000 - $790,000
    Rental Price Range$2,300 - $2,950
    2 Bed + Den800 - 823 SQFT
    Average Cost Per Sqft$849
    Sales Price Range$695,000 - $695,000
    Rental Price Range$2,400 - $3,100

    How Often Are Units Listed?

    1 Bed504 - 600 SQFT
    Average Sales Availability
    Every107Days
    Average Rental Availability
    Every39Days
    Ratio of Unit Type in Building20%
    1 Bed + Den549 - 679 SQFT
    Average Sales Availability
    Every105Days
    Average Rental Availability
    Every31Days
    Ratio of Unit Type in Building20%
    2 Bed712 - 1208 SQFT
    Average Sales Availability
    Every38Days
    Average Rental Availability
    Every18Days
    Ratio of Unit Type in Building42%
    2 Bed + Den800 - 869 SQFT
    Average Sales Availability
    Every125Days
    Average Rental Availability
    Every47Days
    Ratio of Unit Type in Building18%
    3 Bed1710 - 1710 SQFT
    Average Sales Availability
    No Data
    Average Rental Availability
    No Data
    Ratio of Unit Type in Building2%

    Maintenance Fees
    The Palm Residences vs The Newtonbrook Area

    $0.05
    More Expensive
    per SQFT compared to the neighbourhood average
    The Palm Residences's Avg
    monthly maintenance
    fee per SQFT
    $0.77 / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.72 / SQFT

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