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1001 - 5740 Yonge Street
For SaleThe Palm ResidencesEst Sell Timeframe 7 Days
$749,000
2 Beds
2 Bath
1 Parking
767 SQFT
98 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Cost Per Sqft:
$977/sqft
Maintenance Fees:
$709/mth
Taxes:
$2,365 (2023)
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
South
Possession Date:
May 1, 2024
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- Yes
Room Dimensions
Living
Combined with Dining, Open Concept, Walkout To Balcony
15.91 x 10.24ft
Dining
Combined with Living, Laminate, Open Concept
10.24 x 15.91ft
Kitchen
Granite Counter, Stainless Steel Appliances, Breakfast Bar
10.24 x 8.04ft
About this Listing
Best South View 2 Bdrm/2 Bath Suite @ "Palm" In The Dynamic Crossroads Of Yonge/Finch! /Well Managed by Del. Bright & Spacious Unit W/Very Practical Layout & Balcony. Lots Of Storage Space. Next To Everything That Matters: Subway (Finch), Bus Terminal, Shops, Restaurants, Schools, Parks & Sporting. Facilities. First Time on the Market For Sale.
ExtrasAll Existing Elf's, Window Cov,1 Parking & 1 Locker.Full Set Of S/S Appl, Stacked Washer/Dryer.Many Recent Updates. Massive Visitor Parking, Pool, Gym,24/7 Concierge/Security. Closing is Flexible. Tenant Can Stay or Leave w/Proper Notice
royal lepage your community realtyMLS® #C8036498
Amenities
Rooftop Deck
Gym Room
Indoor Pool
Party Room
Media Room
Rec Room
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%
Price Trends
Building Trends At The Palm Residences
Days on Strata
Units at The Palm Residences spend an average of
29
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
LOWchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
6
YEARS before being sold againProperty Value
2%
Increase in property value within the past twelve months
Price Ranking
5th
Highest price per SQFT out of 39 condos in the Newtonbrook area
Sold Units
3
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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|
| Price Range | $570,000 | No Data | $725,000 | $697,500 | No Data |
| Avg. Cost Per Sqft | $1,007 | No Data | $1,030 | $754 | No Data |
| Price Range | $2,300 - $2,450 | $2,400 - $2,650 | $2,900 - $3,300 | $2,850 - $3,400 | No Data |
| Avg. Wait for Unit Availability | 122 Days | 100 Days | 42 Days | 130 Days | No Data |
| Avg. Wait for Unit Availability | 50 Days | 35 Days | 20 Days | 55 Days | No Data |
| Ratio of Units in Building | 20% | 20% | 41% | 19% | 2% |
Maintenance Fees
The Palm Residences vs The Newtonbrook Area
