5740 Yonge Street, Unit 07, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Newtonbrook West. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $549,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 700-799 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Suite 507 at The Palm Residences - a bright, functional 752 sq ft two-bedroom, two-bath split layout in the heart of Yonge & Finch. The smart split-bedroom design offers real privacy, ideal for roommates, guests, or a work-from-home setup. Open-concept living and dining flows to a private 52 sq ft balcony. Modern kitchen with granite counters and stainless appliances, ensuite laundry, and **owned parking included**. Steps to Finch Subway Station, the GO/YRT/VIVA terminal, and one bus to York University; minutes to Hwy 401 and 404. Groceries, restaurants, cafés, and Hendon Park all within a short walk. Outstanding amenities: indoor pool, sauna/steam room, fully equipped gym, party and games rooms, media room, business centre, rooftop terrace with BBQs, visitor parking, and 24-hour concierge. Currently tenanted month-to-month - turnkey for investors.
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Property Summary
This condo apartment located at 5740 Yonge Street, Toronto is currently for sale and has been available on SousaSells for 0 days. This property is listed at $549,800 with an estimated mortgage of $1,830* per month. It has 2 beds, 2 bathrooms, and is 700-799 square feet. 5740 Yonge Street, Toronto is in the Newtonbrook West neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Newtonbrook West, Toronto.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-799 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Clear View
- Park
- Public Transit
- School
Interior Features
- Primary Bedroom - Main Floor
Security Features
- Concierge/Security
Community Features
None listed
Frequently Asked Questions about 5740 Yonge Street, Unit 07, Toronto, ON
Q.What is the asking price for 5740 Yonge Street, Unit 07, Toronto, ON ?
The current listing price for 5740 Yonge Street, Unit 07, Toronto, ON in Newtonbrook West, Toronto is $549,800.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 700-799 sqft.
Q.What property type and architectural style is 5740 Yonge Street, Unit 07, Toronto, ON ?
5740 Yonge Street, Unit 07, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What key property features does 5740 Yonge Street, Unit 07, Toronto, ON offer?
Key property features include: Clear View, Park, Public Transit, School.
Q.What interior features are included in this home?
Interior highlights include: Primary Bedroom - Main Floor.
Q.What security features are installed at 5740 Yonge Street, Unit 07, Toronto, ON ?
Security features include: Concierge/Security.
Q.Is parking available at this property?
Yes, this property offers parking space for 1.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 5740 Yonge Street 507, Toronto, ON M2M 0B1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $549,800 in Toronto, the legal minimum down payment is $29,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,471 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,471 also applies, bringing the total estimated land transfer taxes to $14,942.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.