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1201 - 5740 Yonge Street
Newtonbrook West, Toronto
$569,900
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.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $767 |
| Locker | Owned |
| Balcony | Open |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $2,724 |
| mls© Number | C13592490 |
| Listed By | IGNITE STAR REALTY INC. |
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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