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    3 Pemberton Avenue

    Park Lane II Condos
    3for Sale
    4for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    23
    Number of Units:
    176
    Condo Completion:
    1999
    Condo Demand:
    Low
    Unit Size Range:
    350 - 1,144 SQFT
    Unit Availability:
    Low

    Listing History for Park Lane II Condos

    Receive listing updates for Newtonbrook

    Amenities

    Gym Room
    Sauna
    Games Room
    Party Room
    Rec Room
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 3 Pemberton AvenuePark Lane II Condos

    Anyone who’s seeking a Toronto condo for sale should consider Park Lane II Condos at 3 Pemberton Avenue. Pemberton Group completed this building back in 1999, but unlike other buildings of that age, maintenance fees are on the higher end at $0.98 per-square-foot. The 23-storey building is home to 176 suites with units ranging between 350 and 1144 square feet.

    This condo has an excellent Walk Score of 92 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees at 3 Pemberton Avenue are $0.98 per-square-foot, which is significantly higher than the city average of about $0.67.

    The Suites

    The average cost per-square-foot for a unit at 3 Pemberton Avenue is $804, based on the past 12 months of sales, and these suites have a medium probability of receiving multiple offers.

    Units at Park Lane II Condos spend 47 days on the market on average and usually sell for 1.52% above the listing price. In the last 12 months, 23 units have rented, and 7 have sold.

    The Neighbourhood

    This is a great choice for foodies — with restaurants like Potato Noodle Soup of Bai, Basil Box and Puck 'N Wings nearby, the only issue will be picking just one. You’ll only have to walk 4 minutes to pick-up a coffee before heading out for your day at Tim Hortons and Café Princess.

    Grocery shopping can feel like a chore — but not when Metro, Food Basics and H Mart North York are just an easy 16-minute walk away.

    Park Lane II Condos is a great choice for residents who are money conscious — with banks like CIBC Business Contact Centre and First Swiss Financial Group nearby.

    Having Finch Parkette and Olive Square within 3 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Those who love to shop will appreciate all the options nearby with Collaboht Branding, Yonge Connaught Plaza and Whohou Marketplace just 3 minutes from here.

    If you’re tired of the usual neighbourhood attractions, then perhaps having GallerySunami, Irena Art Gallery and Gibson House Museum less than a 3-minute drive away will give you a lift. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.

    Park Lane II Condos is a short drive away from McKee Public School, Churchill Public School and Lillian Public School, giving you plenty of choice for your child’s education. Newtonbrook is an excellent area for parents and teens alike where your teenager will be able to explore close to home after attending Jonas High School, Horizons Secondary School and Avondale Secondary Alternative School. And you’ll have peace of mind they’re nearby!

    Transportation

    Transit users aren’t far from a light transit stop at Finch Ave East At Yonge St. Finch Station station is only 0 minutes walking distance from the building.

    Curious about similar condos in the area? Check out 1 Pemberton Avenue, 26 Olive Avenue and 39 Pemberton Avenue — all within walking distance.

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    Listings For Sale

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    Explore Newtonbrook

    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.

    Similar condos

    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
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    17%
    50 - 64
    23%
    65+
    23%
    Household Income
    $0 - $30,000
    52%
    $30,000+
    25%
    $60,000+
    11%
    $90,000+
    6%
    $125,000+
    4%
    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%

    Maintenance Fees

    Park Lane II Condos vs The Newtonbrook Area

    Days on Strata

    Units at Park Lane II Condos spend an average of
    47
    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
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Newtonbrook

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    -19%
    Decrease in property value within the past twelve months

    Price Ranking

    10th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    23
    Units were Rented over the past twelve months

    Best Value Rank

    Park Lane II Condos offers the
    ?
    best value out of 41 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    Park Lane II Condos has the
    ?
    highest ROI out of 41 condos in the Newtonbrook neighbourhood

    Rental Yield

    Park Lane II Condos yields the
    ?
    highest rent prices out of 41 condos in the Newtonbrook neighbourhood

    High Demand

    Park Lane II Condos is the
    ?
    most popular building out of 41 condos in the Newtonbrook neighbourhood

    Transaction Insights at 3 Pemberton Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$490,000 - $522,500No DataNo Data$685,000 - $708,000
    Avg. Cost Per Sqft$907No DataNo Data$680
    Avg. Wait for Unit Availability82 Days125 Days686 Days140 Days
    Ratio of Units in Building51%24%6%21%

    Unit Sales vs Inventory

    Total number of units listed and sold in Newtonbrook