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    Toronto / North York / Newtonbrook

    304 - 5740 Yonge St

    For SaleThe Palm Residences
    $629,000
    2 Beds
    2 Bath
    1 Parking
    700 - 799 SQFT
    28 Days on Strata
    Est Sell Timeframe
    13 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $827/mth
    Taxes:
    $1,427 (2025)
    Cost Per Sqft:
    $787 - $899/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North East
    Possession Date:
    May 13, 2025
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Parking
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    15.13 x 9.61ft
    Dining
    Laminate, Combined with Living
    15.13 x 9.61ft
    Kitchen
    Ceramic Floor, Open Concept, Open Concept
    9.12 x 9.35ft

    About this Listing

    Client RemarksRarely offered in the sought after "The Palms" condo building in the heart of North York! Unbeatable location with the subway 500m from the building, plus a short walk to Go and TTC! Although no car is needed here, this unit boasts rarely offered 1 underground parking spots, easily rented if not needed. Interior boasts a remodeled kitchen with custom built pantry giving great kitchen space, plus granite counters, laminate flooring, newer SS appliances, ensuite laundry. This building has everything you need for amenities: indoor pool and steam room, gym, concierge, conference room, party room with full kitchen and a beautiful outdoor patio/BBQ area

    master`s trust realty inc.MLS® #C11955840

    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
    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
    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
    AVERAGE
    chance 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 again

    Property 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 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$550,000$625,000$640,000 - $697,500No Data
    Avg. Cost Per SqftNo Data$838$863$760No Data
    Avg. Wait for Unit Availability127 Days103 Days47 Days137 DaysNo Data
    Ratio of Units in Building20%20%42%18%2%

    Transactions vs Inventory

    Total number of units listed and sold in Newtonbrook