Maintenance Fees
The Palm Residences vs The Newtonbrook Area
609 - 5740 Yonge St
$3,0002 bds2 ba1 pk823 sqft
For RentThe Palm Residences
5 Days on Strata
$3,000/mth
2 Beds + 1
2 Bath
1 Parking
823 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Possession Date:
June 1, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South East
Locker:
Owned
Laundry:
Main
Amenities
Indoor Pool
Rec Room
Security System
Sauna
Concierge
Party Room
Media Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
2 Bedrooms Plus Den With 2 Full Baths, parking and locker; 2 Balconies With Parking And Locker The Beautiful Palm Building. Mins Walk To Subway And Go Station While Enjoying Great North York Lifestyle. Bright, Spacious Corner Unit With Upgraded Kitchen And Easy To Maintain Laminate Floors. Great Amenities Including Pool, Gym, Bbq Area, Guest Suites, Visitor Parking, 24 Hr. Concierge. Steps To Great Shopping. Good Credit Rating With Detailed Report, Job Letter, latest 3 paystubs, ID's, References A Must. Hydro and tenant insurance extra
re/max elite real estateMLS® #C12059943
Fees & Utilities
Utilities Included
Rent Includes
Heat
Water
Parking
Building Maintenance
Not Included
Hydro
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
13.48 x 11.22ft
Kitchen
Ceramic Floor
13.48 x 11.22ft
Den
Laminate
5.97 x 5.97ft
Primary
Carpet, 3 Piece Ensuite, Walkout To Balcony
11.09 x 9.48ft
2nd Bedroom
Carpet
9.48 x 12.8ft
Renter's Market
Balanced
Landlord'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 leased in Newtonbrook
