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    Toronto / North York / Newtonbrook

    1501 - 5740 Yonge St

    For RentThe Palm Residences
    $3,000/mth
    2 Beds
    2 Bath
    1 Parking
    730 SQFT
    11 Days on Strata
    Est Lease Timeframe
    23 Days

    Listing History

    Unit Highlights

    Possession Date:
    February 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Partially
    Exposure:
    South
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    New Flooring; Sunfilled and Spacious *Students & Newcomers are also welcomed*; Prime North York Location! Walking Steps To Finch Subway Station; South Facing 2 Bedroom/ 2 Bath In The Luxury Palm Condos! Very Clean, Well Maintained Unit; Master Bedroom W/ Ensuite, Open Concept Kitchen W/ Granite Countertops, Stainless Steel Appliances. Walking Distance To Groceries, Restaurants, Shopping! Facilities Include Exercise Room, Party Room With Kitchen, Board Rooms, Indoor Pool, Outdoor Sitting Area

    ExtrasStainless Steel Appliances: Fridge, Stove, Dishwasher; Stacked Washer & Dryer, All Existing Light Fixtures, One Parking; Bed, Sofa, Table & Chairs, *Furniture Can Be Removed*

    housesigma inc.MLS® #C11901944

    Amenities

    Visitor Parking
    Rec Room
    Party Room
    Sauna
    Indoor Pool
    Rooftop Deck

    Explore Neighbourhood

    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 Listings

    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%

    Price Trends

    Maintenance Fees

    The Palm Residences vs The Newtonbrook Area

    Building Trends At The Palm Residences

    Days on Strata

    Units at The Palm Residences spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    5.9
    YEARS before being sold again

    Property Value

    -13%
    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

    31
    Units were Rented over the past twelve months

    Best Value Rank

    The Palm Residences offers the
    ?
    best value out of 41 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    The Palm Residences has the
    ?
    highest ROI out of 41 condos in the Newtonbrook neighbourhood

    Rental Yield

    The Palm Residences yields the
    ?
    highest rent prices out of 41 condos in the Newtonbrook neighbourhood

    High Demand

    The Palm Residences is the
    ?
    most popular building out of 41 condos in the Newtonbrook neighbourhood

    Transaction Insights at 5740 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$550,000$625,000$697,500No Data
    Avg. Cost Per SqftNo Data$838$863$754No Data
    Avg. Wait for Unit Availability131 Days103 Days46 Days135 DaysNo Data
    Ratio of Units in Building19%21%42%18%2%

    Transactions vs Inventory

    Total number of units listed and leased in Newtonbrook