Maintenance Fees
The Palm Residences vs The Newtonbrook Area
for sale
19 Days on Strata
- Est Sell Timeframe:
- 15 Days
409 - 5740 Yonge St
$629,000
2 Beds + 1
2 Bath
1 Parking
833 SQFT
Price History
- Maintenance Fees:
- $852/mth
- Taxes:
- $3,009 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $755/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- South East
Amenities
Concierge
Elevator
Gym
Indoor Pool
Sauna
Visitor Parking
About this Listing
Welcome to this inviting and spacious 2 bedroom + den, 2 bath condo in the heart of North York. This bright, functional suite boasts a modern open-concept living and dining area, large windows, and two private balconies. The kitchen is enhanced with a stylish backsplash and granite countertops, while the den features built-in cabinetry for extra storage. Premium building amenities include an indoor pool, gym, party room, and visitor parking. Perfectly situated right beside Finch Subway Station. From here, you can enjoy everything the city has to offer. This vibrant neighbourhood features a wide variety of restaurants, shops, cafés, theatres, cinemas, and parks---all within walking distance. Truly a walker's and rider's paradise. An ideal opportunity for professionals, young families, or investors seeking an unbeatable Yonge Street location.
ExtrasFridge, Stove, Microwave Hood, Washer/Dryer; All Existing Light Fixtures and Window Coverings. One Parking Spot Included.
kw living realtyMLS® #C12501844
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 19.55 x 13.88ft
- Combined with Dining, Walkout To Balcony, Windows Floor to Ceiling
- Dining
- 19.55 x 13.88ft
- Combined with Living, Laminate, Open Concept
- Kitchen
- 19.55 x 13.88ft
- Combined with Dining, Backsplash, Granite Counter
- Primary
- 9.48 x 9.45ft
- Walkout To Balcony, Laminate, 3 Piece Ensuite
- 2nd Bedroom
- 11.32 x 9.38ft
- Window, Laminate, Closet
- Den
- 5.81 x 5.81ft
- Open Concept, Laminate
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Newtonbrook
Map
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.
Mortgage Calculator
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%
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
AVERAGEchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|
| Price Range | $448,888 - $455,000 | No Data | $585,000 - $610,000 | $640,000 | No Data |
| Avg. Cost Per Sqft | $853 | No Data | $807 | $765 | No Data |
| Price Range | $2,180 - $2,300 | $2,250 - $2,450 | $2,600 - $2,950 | $2,700 - $3,000 | No Data |
| Avg. Wait for Unit Availability | 153 Days | 112 Days | 51 Days | 140 Days | No Data |
| Avg. Wait for Unit Availability | 57 Days | 41 Days | 21 Days | 56 Days | No Data |
| Ratio of Units in Building | 19% | 20% | 42% | 18% | 2% |
Market Inventory
Total number of units listed and sold in Newtonbrook
