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    8 Pemberton Avenue

    Park Palace Condos
    1for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    14
    Number of Units:
    148
    Condo Completion:
    1996
    Condo Demand:
    Low
    Unit Size Range:
    350 - 1,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Park Palace 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 8 Pemberton AvenuePark Palace Condos

    Park Palace Condos was completed in 1996 by Pemberton Group. While some buyers associate high maintenance fees with older buildings, maintenance fees at 8 Pemberton Avenue are only $0.89 per-square-foot. These Newtonbrook condos for sale offer floor plans that are more spacious than most modern condos; there are 148 suites in this 14-storey residence, and units range from 350 square feet to 1000 square feet.

    This condo has a Walk Score of 88 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees at 8 Pemberton Avenue are $0.89 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 8 Pemberton Avenue is $850 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 Park Palace Condos spend 42 days on the market on average and usually sell for -0.07% below the listing price. In the last 12 months, 18 units have rented, and 3 have sold.

    The Neighbourhood

    Living here means you’re just a 4-minute walk from Burrito Place, Mega Street Food Complex and Puck 'N Wings, 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 Tim Hortons, Timothy's World Coffee and Starbucks.

    There are a number of grocery stores within a short drive, including Food Basics, Metro and H Mart North York.

    Residents here can stop by RBC Royal Bank and CIBC Business Contact Centre on their way home from work, so they can take care of their financial needs.

    8 Pemberton Avenue is also a great fit for nature lovers, as Bishop Park and Finch Parkette are all just a hop, skip, and a jump away.

    Like to shop? Everything you need is close by when you live at 8 Pemberton Avenue, including Collaboht Branding, Yonge Connaught Plaza and Whohou Marketplace which are only 2 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having GallerySunami, Irena Art Gallery and Pars Art Gallery 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.

    There are plenty of nearby school choices — McKee Public School, Churchill Public School and Lillian Public School — with more in neighbouring areas so you can find the best school for your child’s needs. This location is a great choice for families who are seeking top-notch educational institutions like Jonas High School, Horizons Secondary School and Avondale Secondary Alternative School.

    Transportation

    Transit users will love the Newtonbrook neighbourhood with convenient light transit routes like Finch Station nearby. Finch Station station is only 0 minutes walking distance from the building.

    Curious about similar condos in the area? Check out 18 Pemberton Avenue, 39 Pemberton Avenue and 7 Bishop Avenue — all within walking distance.

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    Explore Newtonbrook

    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.

    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 Palace Condos vs The Newtonbrook Area

    Days on Strata

    Units at Park Palace Condos spend an average of
    42
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    6.4
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    18
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 8 Pemberton Avenue

    1 Bed2 Bed
    Price Range$540,000$632,000 - $673,000
    Avg. Cost Per Sqft$927$724
    Avg. Wait for Unit Availability136 Days72 Days
    Ratio of Units in Building40%61%

    Unit Sales vs Inventory

    Total number of units listed and sold in Newtonbrook