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Listed 13 days ago

1201 - 5740 Yonge Street

Newtonbrook West, Toronto

$569,900

Condo Apartment |
2 | 2 | 1 | 1
About this home

Spacious Split 2-Bedroom **| 2 Full Bathrooms **| Welcome to luxury living at The Palm Residences, located at the prime intersection of Yonge and Finch**I.Bright and spacious layout. Floor-to-ceiling windows in the living area flood the space with natural light while show casing stunning South views**I. Floor plan provides both privacy and functionality, while the balcony offers a relaxing outdoor retreat**I. The generous primary bedroom easily fits a king-size bed and features a private ensuite bathroom. Ample storage is available throughout the suite, Residents enjoy recently refreshed amenities, including an indoor swimming pool**I, and 24-hour concierge/security**I. Set back from Yonge Street, the building offers a quiet, park-like setting while remaining just steps from a world-class transit hub-including the Finch Subway Station***I, GO Transit***I, and YRT/Viva bus terminal***I. Minutes from Highways 401, 404, 407, and Hwy 7. This vibrate neighborhood is a foodie's paradise, famous for its diverse selection of Korean eateries, Trendy cafes, and international cuisine, and is within easy reach of York University***I, close to Toronto Centre for the Arts**I. Residents enjoy resort-style amenities,a fully equipped gym**I, a sauna, and party room***I. Whether you're commuting across the GTA or enjoying the local culture and entertainment, this unit offers the ultimate urban lifestyle. One Parking***& One Locker*** Included! $$$ Freshly Updated! **: Flooring (Both Bedrooms): 2020; Flooring (rest of the unit, living room, hallway, etc.) : 2022; Guest Bathroom vanity: 2022; In-suite Fan Coil unit - motor (both living room and small bedroom): 2026; Range Hood: 2026; Kitchen Faucet: 2026; Dishwasher: Wash/dryer: 2026; Master Bedroom Vanity and Faucet: 2026; Hallway closet door: 2026. A brand new large format H-Mart Asian grocery store is opening soon, It located just across the street.

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$767
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,724
mls© NumberC13592490
Listed ByIGNITE STAR REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Parking Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,917
Property tax
$227
Heat allowance
$150
Condo fees, half counted
$384
Housing costs
$3,678 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $113,980
25-yr amortization

Income needed

$113,000

gross annual household income

Payment at 4%
$2,398 / mo
Cash down
$113,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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