Maintenance Fees
The Palm Residences vs The Newtonbrook Area
304 - 5740 Yonge St
$598,0002 bds2 ba1 pk700 - 799 sqft
For SaleThe Palm Residences
19 Days on Strata
$598,000
Price Cut: $615,000
Price Cut: $615,000
2 Beds
2 Bath
1 Parking
700 - 799 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$827/mth
Taxes:
$2,900 (2025)
Cost Per Sqft:
$748 - $854/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
North East
Possession Date:
May 13, 2025
Laundry:
Main
Amenities
Indoor Pool
Rec Room
Security System
Sauna
Concierge
Party Room
Media Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
Client RemarksRarely offered in the sought after "The Palms" condo building in the heart of North York! Unbeatable location with the subway 500m from the building, plus a short walk to Go and TTC! Although no car is needed here, this unit boasts rarely offered 1 underground parking spots, easily rented if not needed. Interior boasts a remodeled kitchen with custom built pantry giving great kitchen space, plus granite counters, laminate flooring, newer SS appliances, ensuite laundry. This building has everything you need for amenities: indoor pool and steam room, gym, concierge, conference room, party room with full kitchen and a beautiful outdoor patio/BBQ area
master`s trust realty inc.MLS® #C12038106
Fees & Utilities
Maintenance Fees
Included in Fees
Water
Parking
Not Included
Hydro
Heat
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Laminate, Combined with Dining, Walkout To Balcony
15.13 x 9.61ft
Dining
Laminate, Combined with Living
15.13 x 9.61ft
Kitchen
Ceramic Floor, Open Concept, Open Concept
9.12 x 9.35ft
Primary
Laminate, 4 Piece Ensuite, Closet
10.4 x 10.3ft
2nd Bedroom
Laminate, 4 Piece Bath, Closet
10.7 x 9.02ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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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%
Building Trends At The Palm Residences
Days on Strata
Units at The Palm Residences spend an average of
45
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
3%
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
6
YEARS before being sold againProperty Value
-12%
Decrease in property value within the past twelve months
Price Ranking
4th
Highest price per SQFT out of 51 condos in the Newtonbrook area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
36
Units were Rented over the past twelve months
Best Value Rank
The Palm Residences offers the best value out of 51 condos in the Newtonbrook neighbourhood
?
Appreciation Rank
The Palm Residences has the highest ROI out of 51 condos in the Newtonbrook neighbourhood
?
Rental Yield
The Palm Residences yields the highest rent prices out of 51 condos in the Newtonbrook neighbourhood
?
High Demand
The Palm Residences is the most popular building out of 51 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 | No Data | $550,000 | $625,000 | $640,000 | No Data |
| Avg. Cost Per Sqft | No Data | $838 | $863 | $765 | No Data |
| Price Range | $2,200 - $2,400 | $2,400 - $2,500 | $2,600 - $3,000 | $2,900 - $3,100 | No Data |
| Avg. Wait for Unit Availability | 127 Days | 103 Days | 47 Days | 137 Days | No Data |
| Avg. Wait for Unit Availability | 51 Days | 38 Days | 19 Days | 57 Days | No Data |
| Ratio of Units in Building | 20% | 20% | 42% | 18% | 2% |
Market Inventory
Total number of units listed and sold in Newtonbrook
