Maintenance Fees
Park Lane I Condos vs The Newtonbrook Area
502 - 1 Pemberton Ave
$629,0002 bds1 ba1 pk715 sqft
For SalePark Lane I Condos
39 Days on Strata
$629,000
2 Beds
1 Bath
1 Parking
715 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$752/mth
Taxes:
$2,282 (2024)
Cost Per Sqft:
$880/sqft
Outdoor Space:
Balcony
Locker:
Owned
Exposure:
North West
Possession Date:
Immediately
Laundry:
Main
Amenities
Rec Room
Indoor Parking
Security System
Concierge
Games Room
Party Room
Bike Storage
Gym Room
Visitor Parking
About this Listing
Steps from Finch Station, this bright and thoughtfully designed two-bedroom, one-bath corner unit offers a desirable northwest exposure. The spacious primary bedroom provides exceptional comfort, while the sun-filled second bedroom is perfect for guests, a home office, or extra living space. Experience the best of urban convenience with direct transit access, connecting you seamlessly to the entire city, and reach Union Station in just 30 minutes. With dining, shopping, and North Yorks top amenities just steps away, this is city living at its finest. Residents benefit from 24-hour Gatehouse Security for added peace of mind, and maintenance fees that include all utilities, ensuring hassle-free living in this sought-after community.
ExtrasFridge, Stove, Built-In Dishwasher, Washer & Dryer, All Window Coverings, All Elfs. 1 Parking & 1 Locker Included.
digiMLS® #C11993254
Fees & Utilities
Maintenance Fees
Included in Fees
Hydro
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Combined with Dining, Laminate, Walkout To Balcony
18.31 x 10.99ft
Dining
Combined with Living, Laminate, Walkout To Balcony
18.31 x 10.99ft
Kitchen
Ceramic Floor, Window
7.48 x 7.48ft
Primary
Double Closet, Laminate
10.01 x 10.01ft
2nd Bedroom
Double Closet, Window, Laminate
10.63 x 8.56ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
Explore Newtonbrook
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9/10
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%
Building Trends At Park Lane I Condos
Days on Strata
Units at Park Lane I Condos spend an average of
42
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
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
4.8
YEARS before being sold againProperty Value
-2%
Decrease in property value within the past twelve months
Price Ranking
7th
Highest price per SQFT out of 51 condos in the Newtonbrook area
Sold Units
6
Units were Sold over the past twelve months
Rented Units
14
Units were Rented over the past twelve months
Best Value Rank
Park Lane I Condos offers the best value out of 51 condos in the Newtonbrook neighbourhood
?
Appreciation Rank
Park Lane I Condos has the highest ROI out of 51 condos in the Newtonbrook neighbourhood
?
Rental Yield
Park Lane I Condos yields the highest rent prices out of 51 condos in the Newtonbrook neighbourhood
?
High Demand
Park Lane I Condos is the most popular building out of 51 condos in the Newtonbrook neighbourhood
?
Market Insights
Transaction Insights at Park Lane I Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|
| Price Range | $506,000 - $572,000 | $588,000 | No Data | $679,000 | No Data |
| Avg. Cost Per Sqft | $941 | $846 | No Data | $719 | No Data |
| Price Range | $2,300 - $2,450 | $2,400 - $2,700 | No Data | $3,500 - $4,000 | No Data |
| Avg. Wait for Unit Availability | 92 Days | 185 Days | No Data | 160 Days | No Data |
| Avg. Wait for Unit Availability | 24 Days | 77 Days | No Data | 80 Days | No Data |
| Ratio of Units in Building | 53% | 23% | 3% | 21% | 2% |
Market Inventory
Total number of units listed and sold in Newtonbrook
