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    1. 5740 Yonge St, unit 1506 for rent - image #1
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    1506 - 5740 Yonge Street

    Newtonbrook, North York, Toronto
    For RentThe Palm Residences
    $2,800/mth
    Price Cut: $2,950
    2 Beds
    2 Bath
    1 Parking
    747 SQFT
    29 Days on Strata
    Est Lease Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North
    Locker:
    None
    Possession Date:
    Available
    Lease Term:
    1 Year
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    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
    No

    Room Dimensions

    Foyer
    7.38 x 3.94ft
    Kitchen
    Stainless Steel Appliances, Granite Counter
    8.04 x 8.86ft
    Prim Bdrm
    Closet, Ensuite Bath
    10.99 x 10.43ft

    About this Listing

    Bright And Spacious 2 Bedroom Suite Located At "The Palm Residence '" With Fantastic Unobstructed Views. 747 Sq.Ft. As Per Developer Plan Unobstructed North Exposure. 2 Bdr/2 Bath W Balcony & Parking. Just Minutes Away From Desirable Finch TTC subway, kitchen Granite Counter Tops S/S Appliances. Great Building Amenities. Unit Is Currently Vacant. Split Bedroom Layout. Viva And Subway At The Doorstop. Minutes To HWYs 401/404/407. Rental Application, Credit Report, Employment Letter or School Enrollment, Reference Lotter's And Ontario Standard Lease & Certified Deposit cheque (1st and Last month). Must Bring 10 Post Dated Cheques. Attach Sch B, C and Disclosure. Tenant Must Provide tenant insurance, Aaa Tenants, No Smoking, Key Deposit $300

    Extras24 Hour Concierge. Guest Parking. Great Amenities. One Parking Spot,

    century 21 innovative realty inc.MLS® #C8222462

    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
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

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

    Property 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 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$570,000No Data$725,000$697,500No Data
    Avg. Cost Per Sqft$1,007No Data$1,030$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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