| Heat Included | |
| Water Included | |
| CAC Included | |
| Common Elements Included | |
| Parking Included | |
| Building Insurance Included |
Listed 9 days ago
507 - 5740 Yonge Street
Newtonbrook West, Toronto
$549,800
Condo Apartment |
2 | 2 | 1 | 0
About this home
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.
Extras
No extras listed.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $803 |
| Locker | None |
| Balcony | Open |
| Exposure | North |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $2,785 |
| mls© Number | C13656176 |
| Listed By | RE/MAX CITY ACCORD 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%
- $2,814
- Property tax
- $232
- Heat allowance
- $150
- Condo fees, half counted
- $402
- Housing costs
- $3,598 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $109,960
25-yr amortization
Income needed
$111,000
gross annual household income
- Payment at 4%
- $2,314 / mo
- Cash down
- $109,960
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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