Maintenance Fees
Park Palace Condos vs The Newtonbrook Area
402 - 8 Pemberton Ave
$2,8502 bds2 ba1 pk800 - 899 sqft
For RentPark Palace Condos
51 Days on Strata
$2,850/mth
Price Cut: $2,900
Price Cut: $2,900
2 Beds
2 Bath
1 Parking
800 - 899 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Possession Date:
April 1, 2025
Lease Term:
1 Year
Utilities Included:
Yes
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South
Locker:
Owned
Laundry:
Ensuite
Amenities
Rec Room
Indoor Parking
Security System
Sauna
Concierge
Games Room
Party Room
Rooftop Deck
Bike Storage
Gym Room
Visitor Parking
About this Listing
Two Bedrooms Luxury Condo Unit With 24 Hours Concierge & Security, Newly Renovated Kitchen Cabinet And Countertop, New Vanities, New Light Fixtures, Living Room Overlook The Big Balcony, Laminate Floor Thru-Out, Close To All Amenities, Restaurant, Shopping, TTC, Park, Schools, And Easy Access To Subway Station, No Pets & Smoking Please.
ExtrasStove (2021), Dishwasher (2021), Fridge, Washer, Dryer, All Window Coverings, Ample Visitor Parking, Offer With Rental Application, Job Letter, Credit Check, Tenant Obtain Contents & Liability Insurance.
century 21 miller real estate ltd.MLS® #C11974782
Fees & Utilities
Utilities Included
Rent Includes
Hydro
Heat
Water
Parking
Not Included
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Dining
Combined with Living, Wood Floor
18.01 x 10.99ft
Kitchen
Modern Kitchen, Double Sink
8.01 x 8.01ft
Primary
4 Piece Ensuite, Walk-in Closet, Wood Floor
12.24 x 10.01ft
2nd Bedroom
Closet, Wood Floor
11.42 x 10.99ft
Renter's Market
Balanced
Landlord's Market
Similar Listings
Explore Newtonbrook
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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 Park Palace Condos
Days on Strata
Units at Park Palace Condos spend an average of
30
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
above
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
6.4
YEARS before being sold againProperty Value
7%
Increase in property value within the past twelve months
Price Ranking
5th
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
19
Units were Rented over the past twelve months
Best Value Rank
Park Palace Condos offers the best value out of 51 condos in the Newtonbrook neighbourhood
?
Appreciation Rank
Park Palace Condos has the highest ROI out of 51 condos in the Newtonbrook neighbourhood
?
Rental Yield
Park Palace Condos yields the highest rent prices out of 51 condos in the Newtonbrook neighbourhood
?
High Demand
Park Palace Condos is the most popular building out of 51 condos in the Newtonbrook neighbourhood
?
Market Insights
Transaction Insights at Park Palace Condos
| 1 Bed | 2 Bed | |
|---|---|---|
| Price Range | $488,000 - $540,000 | $632,000 |
| Avg. Cost Per Sqft | $898 | $749 |
| Price Range | $2,225 - $3,100 | $2,800 - $3,100 |
| Avg. Wait for Unit Availability | 140 Days | 72 Days |
| Avg. Wait for Unit Availability | 45 Days | 30 Days |
| Ratio of Units in Building | 40% | 61% |
Market Inventory
Total number of units listed and leased in Newtonbrook
