2206 - 5740 Yonge St
1 / 34
For RentThe Palm ResidencesEst Lease Timeframe 24 Days
$2,950/mth
Price Cut: $3,250
2 Beds
2 Bath
1 Parking
741 SQFT
20 Days on Strata
Listing History
Unit Highlights
Ownership Type:
Condo
Possession Date:
March 31, 2025
Lease Term:
1 Year
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
North
Locker:
Owned
Laundry:
Ensuite
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Combined with Dining, Walkout To Balcony, Laminate
15.88 x 9.48ft
Dining
Combined with Living, Laminate
15.88 x 9.48ft
Kitchen
Granite Counter, Open Concept, Tile Floor
9.12 x 9.29ft
About this Listing
Beautiful Unobstructed View In The Palm Condominium Building. Spectacular North View, Floor To Ceiling Windows, Spacious, Bright With 2 Baths Upgraded Kitchen With Granite Countertop, Ceramic Kitchen Floor. Central Air And Heating, Indoor Pool, Rainfall, Steam Room, Gym, Change Room, Bbq Area, Guest Suite, Security. Steps To Subway, Shopping, Restaurants, Entertainment.
century 21 heritage group ltd.MLS® #C11970147
Amenities
Visitor Parking
Media Room
Rec Room
Gym Room
Concierge
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
Household Income
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
39
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
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Newtonbrook
Turnover of Units
On average, each unit is owned for
6
YEARS before being sold againProperty Value
-15%
Decrease in property value within the past twelve months
Price Ranking
4th
Highest price per SQFT out of 51 condos in the Newtonbrook area
Sold Units
4
Units were Sold over the past twelve months
Rented Units
34
Units were Rented over the past twelve months
Best Value Rank
The Palm Residences offers the best value out of 51 condos in the Newtonbrook neighbourhood
?
Appreciation Rank
The Palm Residences has the highest ROI out of 51 condos in the Newtonbrook neighbourhood
?
Rental Yield
The Palm Residences yields the highest rent prices out of 51 condos in the Newtonbrook neighbourhood
?
High Demand
The Palm Residences is the most popular building out of 51 condos in the Newtonbrook neighbourhood
?
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 | $640,000 - $697,500 | No Data |
| Avg. Cost Per Sqft | No Data | $838 | $863 | $760 | No Data |
| Price Range | $2,200 - $2,400 | $2,400 - $2,500 | $2,600 - $3,000 | $2,900 - $3,100 | No Data |
| Avg. Wait for Unit Availability | 127 Days | 103 Days | 47 Days | 137 Days | No Data |
| Avg. Wait for Unit Availability | 52 Days | 38 Days | 19 Days | 57 Days | No Data |
| Ratio of Units in Building | 20% | 20% | 42% | 18% | 2% |
Transactions vs Inventory
Total number of units listed and leased in Newtonbrook
