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    for rent
    39 Days on Strata
    Est Lease Timeframe:
    23 Days

    1508 - 5740 Yonge St

    The Palm Residences
    $2,300/mth
    1 Bed
    1 Bath
    1 Parking
    549 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Property Type:
    Condo
    Possession Date:
    Nov 1
    Lease Term:
    1 Year
    Utilities Included:
    No
    Furnished:
    No
    Outdoor Space:
    Enclosed/Solarium
    Laundry:
    Ensuite, Main
    Locker:
    None
    Exposure:
    East

    Amenities

    Concierge
    Gym
    Indoor Pool
    Visitor Parking

    About this Listing

    Available from November 1, 2025! Welcome to the Palm in North York! This 1 Bedroom and 1 Bathroom condo suite offers 549 square feet of open living space with great views from your Balcony. This suite has laminate flooring other than the bedroom, U-kitchen with larger sized appliances and tons of storage and counter space. Large open concept living dining area offers clear views. Unit offers an ensuite laundry, 4 pc bathroom and a well sized bedroom. 1 PARKING Included.

    ExtrasFridge, Stove, Dishwasher, Full Sized Stacked Washer/Dryer. Parking Included.

    homelife/gta realty inc.MLS® #C12461697

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Parking
    Included
    Building Maintenance
    Not Included
    Building Insurance
    Not Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Room dimensions are not available for this listing.

    Renter's Market
    Balanced
    Landlord's Market

    Building Spotlight

    Similar Listings

    Explore Newtonbrook

    Map

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    map of location
    View My Travel Time
    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
    0 - 14
    12%
    15 - 19
    1%
    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+
    6%
    $125,000+
    4%
    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%

    Building Trends At The Palm Residences

    Days on Strata

    Units at The Palm Residences spend an average of
    30
    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 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

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 53 condos in the Newtonbrook area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    29
    Units were Rented over the past twelve months

    Best Value Rank

    The Palm Residences offers the
    ?
    best value out of 53 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    The Palm Residences has the
    ?
    highest ROI out of 53 condos in the Newtonbrook neighbourhood

    Rental Yield

    The Palm Residences yields the
    ?
    highest rent prices out of 53 condos in the Newtonbrook neighbourhood

    High Demand

    The Palm Residences is the
    ?
    most popular building out of 53 condos in the Newtonbrook neighbourhood

    Market Insights

    Transaction Insights at The Palm Residences

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$2,180 - $2,300$2,250 - $2,450$2,600 - $2,950$2,700 - $3,000No Data
    Avg. Wait for Unit Availability57 Days41 Days21 Days56 DaysNo Data
    Ratio of Units in Building19%20%42%18%2%

    Market Inventory

    Total number of units listed and leased in Newtonbrook