$499,800

For sale

#507 5740 Yonge Street, Toronto (Newtonbrook West) - Single Family for Sale

#507 5740 Yonge Street, Toronto (Newtonbrook West), Ontario, M2M0B1

2 beds2 baths1 parking750 ft²$803/mo condo feeListed 10 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $499,800, it is attractively priced about 9% below the $549,000 median asking price in Toronto. It has been on the market 10 days, fresher than the Toronto average of 56 days.

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Description

Welcome to Suite 507 at The Palm Residences-a bright, recently renovated 752 sq ft two-bedroom, two-bathroom suite in the heart of Yonge & Finch. Featuring new flooring and fresh paint throughout, this inviting home offers a functional split-bedroom layout. Open-concept living and dining areas extend to a private 52 sq ft balcony, while the modern kitchen features granite countertops and stainless steel appliances. Ensuite laundry and owned parking add everyday convenience. Steps to Finch Subway Station and the GO/YRT/VIVA terminal, with a direct bus connection to York University and easy access to Highways 401 and 404. Enjoy outstanding amenities, including an indoor pool, sauna and steam room, fully equipped gym, party and games rooms, media room, business centre, rooftop terrace with BBQs, visitor parking, and 24-hour concierge. (id:66096)

Property Details

MLS®: C14119416
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $803/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,785.34/yr
Listed: 10 days ago

Rooms

Flat

Kitchen: 2.66 x 2.43 meters
Living room: 5.41 x 3.37 meters
Dining room: 5.41 x 3.37 meters
Primary Bedroom: 3.12 x 2.97 meters
Bedroom 2: 3.12 x 2.71 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Microwave, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

10d

Toronto (Newtonbrook West) listings, avg age

56d

Price / ft²

$667

List price

$500K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Newtonbrook West) has been listed for 10 days, which is 46 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX CITY ACCORD REALTY INC. · LALIT SETH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2M)

This home lists at $499,800, about 6.2× the local median household income of $81,000.

Carrying it typically needs a household income of about $97,628 (20% down, 25-yr amortization, stress-tested) — roughly 21% above the area median.

Median household income: $81,000
Population: 31,915
Median age: 44.4
Owner / renter: 58% / 43%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M2M)

$499,800· $667/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,990

Min 5%50%

Mortgage payment$2,632/mo

↳ CMHC premium ($18,992 capitalized)

Property tax (est.)$232/mo

Condo fee$803/mo

Total monthly$3,668

Cash Needed to Close

Down payment (5%)$24,990

Land transfer tax$12,942

Est. closing costs$3,999

Total cash needed$41,931

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