5740 Yonge Street
Building Details
Listing History for The Palm Residences
Amenities
Maintenance Fees
About 5740 Yonge Street — The Palm Residences
5740 Yonge Street is a great choice for those seeking a Newtonbrook condo for sale. This condo is 23 storeys tall and is home to 214 units. The complex was completed in 2013, and features Toronto condo that range in size from 499 square feet to 1710 square feet.
This condo has a Walk Score of 85 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees at 5740 Yonge Street are $0.86 per-square-foot, which is notably higher than the city average of about $0.67.
The Suites
The average cost per-square-foot for a unit at 5740 Yonge Street is $877 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a medium probability of receiving multiple offers.
Units at The Palm Residences spend 34 days on the market on average and usually sell for 1.59% above the listing price. In the last 12 months, 30 units have rented, and 3 have sold.
The Neighbourhood
Living here means you’re just a 4-minute walk from Jung Soo Nae Restaurant, Mr. Souvlaki and Fit For Life, making it easy to dazzle your taste buds without much effort. You’ll only have to walk 6 minutes to pick-up a coffee before heading out for your day at Timothy's World Coffee, Tim Hortons and Starbucks.
There are a number of grocery stores within a short drive, including Food Basics, Arzon Food Market and Khorak Supermarket.
Residents here can stop by RBC Royal Bank and First Swiss Financial Group on their way home from work, so they can take care of their financial needs.
Whether you're looking to play, exercise or gather with friends — nearby parks like Hendon Park and Finch Parkette are the perfect spot for all kinds of activities.
Those who love to shop will appreciate all the options nearby with Yonge Connaught Plaza, Whohou Marketplace and Collaboht Branding just 2 minutes from here.
If you’re tired of the usual neighbourhood attractions, then perhaps having Irena Art Gallery, Pars Art Gallery and Centre Rug Gallery less than a 2-minute drive away will give you a lift. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.
The Palm Residences is a short drive away from McKee Public School, Churchill Public School and Pleasant 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 Unionville Academy. And you’ll have peace of mind they’re nearby!
Transportation
Transit users aren’t far from a light transit stop at Yonge St At Bishop Ave North Side. Finch Station station is only 0 minutes walking distance from the building.
In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 5793 Yonge Street, 5765 Yonge Street and 5785 Yonge Street.
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Price Cut: $150 (Oct 18)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At The Palm Residences
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 5740 Yonge Street
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|
Price Range | No Data | $550,000 | $625,000 | $697,500 | No Data |
Avg. Cost Per Sqft | No Data | $838 | $863 | $754 | No Data |
Price Range | $2,200 - $2,400 | $2,400 - $2,500 | $2,600 - $3,150 | $3,000 - $3,100 | No Data |
Avg. Wait for Unit Availability | 130 Days | 103 Days | 46 Days | 135 Days | No Data |
Avg. Wait for Unit Availability | 50 Days | 37 Days | 19 Days | 54 Days | No Data |
Ratio of Units in Building | 19% | 21% | 42% | 18% | 2% |
Unit Sales vs Inventory
Total number of units listed and sold in Newtonbrook