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    Toronto / North York / Newtonbrook

    502 - 1 Pemberton Ave

    For SalePark Lane I Condos
    $629,000
    2 Beds
    1 Bath
    1 Parking
    715 SQFT
    5 Days on Strata
    Est Sell Timeframe
    13 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $752/mth
    Taxes:
    $2,282 (2024)
    Cost Per Sqft:
    $880/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North West
    Possession Date:
    Immediately
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Laminate, Walkout To Balcony
    18.31 x 10.99ft
    Dining
    Combined with Living, Laminate, Walkout To Balcony
    18.31 x 10.99ft
    Kitchen
    Ceramic Floor, Window
    7.48 x 7.48ft

    About this Listing

    Steps from Finch Station, this bright and thoughtfully designed two-bedroom, one-bath corner unit offers a desirable northwest exposure. The spacious primary bedroom provides exceptional comfort, while the sun-filled second bedroom is perfect for guests, a home office, or extra living space. Experience the best of urban convenience with direct transit access, connecting you seamlessly to the entire city, and reach Union Station in just 30 minutes. With dining, shopping, and North Yorks top amenities just steps away, this is city living at its finest. Residents benefit from 24-hour Gatehouse Security for added peace of mind, and maintenance fees that include all utilities, ensuring hassle-free living in this sought-after community.

    digiMLS® #C11993254

    Amenities

    Indoor Parking
    Visitor Parking
    Bike Storage
    Rec Room
    Gym Room
    Games Room

    Explore Neighbourhood

    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 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

    Park Lane I Condos vs The Newtonbrook Area

    Building Trends At Park Lane I Condos

    Days on Strata

    Units at Park Lane I Condos spend an average of
    32
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    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
    4.8
    YEARS before being sold again

    Property Value

    -6%
    Decrease 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

    9
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

    Park Lane I Condos offers the
    ?
    best value out of 51 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    Park Lane I Condos has the
    ?
    highest ROI out of 51 condos in the Newtonbrook neighbourhood

    Rental Yield

    Park Lane I Condos yields the
    ?
    highest rent prices out of 51 condos in the Newtonbrook neighbourhood

    High Demand

    Park Lane I Condos is the
    ?
    most popular building out of 51 condos in the Newtonbrook neighbourhood

    Transaction Insights at 1 Pemberton Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$506,000 - $572,000$588,000 - $600,000No Data$679,000 - $725,000No Data
    Avg. Cost Per Sqft$940$874No Data$712No Data
    Avg. Wait for Unit Availability92 Days185 DaysNo Data160 DaysNo Data
    Ratio of Units in Building53%23%3%21%2%

    Transactions vs Inventory

    Total number of units listed and sold in Newtonbrook