507 - 5740 Yonge Street, Toronto, ON M2M 0B1
Newtonbrook West, Toronto · Near Yonge St/ Finch Ave · View map
About this home
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.
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 700-799 sq ft
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Basement
- None
- Faces
- North
- Level
- 05
- Balcony
- Open
- Laundry
- Ensuite
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $803.40/mo
- Fee includes
- Heat, Water, CAC, Common Elements, Parking, Building Insurance
- Complex
- TSCC 2323
- Property management
- ICC Property Management Inc.
- Pets
- Allowed, with restrictions
- Security
- Concierge/Security
- Exterior
- Concrete
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Garage spaces
- 1
- Total parking
- 1
Taxes & other
- Property taxes
- $2,785/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- Yonge St/ Finch Ave
- Neighbourhood
- Newtonbrook West
More
- Price per sq ft
- ~$666 (at 750 sq ft)
- MLS® number
- C14119416
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The home and its surroundings
- Primary Bedroom - Main Floor
- Clear View
- Park
- Public Transit
- School
Included in the maintenance fee
- Heat
- Water
- CAC
- Common Elements
- Parking
- Building Insurance
Shared in the complex
- Concierge
- Gym
- Indoor Pool
- Party Room/Meeting Room
- Visitor Parking
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
5740 Yonge Street, Toronto, ON M2M 0B1
Newtonbrook West, Toronto · Near Yonge St/ Finch Ave
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Listing history for 5740 Yonge Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 507 - 5740 Yonge Street
Answers come straight from this home’s MLS® listing.
How much is 507 - 5740 Yonge Street listed for, and what would it cost each month?
507 - 5740 Yonge Street is listed for $499,800. With 20% down ($99,960), the mortgage payment would be roughly $2,016 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $3,052 a month, all in. That figure is an illustration, not a quote.
Is 507 - 5740 Yonge Street freehold or a condo, and is there a monthly fee?
507 - 5740 Yonge Street is a condo apartment in Newtonbrook West, Toronto. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $803.40 a month. The listing says it covers heat, water, cac, common elements, parking, building insurance. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 507 - 5740 Yonge Street have?
507 - 5740 Yonge Street has 2 bedrooms and 2 bathrooms.
Does 507 - 5740 Yonge Street have a garage and parking?
Yes. The listing shows the garage as underground, with room for 1 car. In total the listing counts 1 parking space.
Does 507 - 5740 Yonge Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 507 - 5740 Yonge Street?
507 - 5740 Yonge Street is a condo apartment. A condo apartment is a unit in a multi-storey building, owned outright, with a monthly fee for the shared parts of the building.
How big is 507 - 5740 Yonge Street?
The listing puts the home between 700 and 799 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 507 - 5740 Yonge Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 507 - 5740 Yonge Street?
Property taxes are $2,785 a year (2026), or about $232 a month.
Are pets allowed at 507 - 5740 Yonge Street?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 507 - 5740 Yonge Street?
507 - 5740 Yonge Street is in the Newtonbrook West community of Toronto. The nearest main intersection is Yonge St/ Finch Ave. The postal code is M2M 0B1.
Is 507 - 5740 Yonge Street still for sale?
Yes. It is an active listing (MLS® C14119416). Listings here update from the board through the day and come down once a home sells.
What are similar condos near 507 - 5740 Yonge Street asking?
Similar condos for sale nearby right now include 1006 - 5740 Yonge Street at $499,000 (2 bed), 1905 - 5793 Yonge Street at $488,800 (2 bed) and 913 - 555 Yonge Street at $635,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 5740 Yonge Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 507 - 5740 Yonge Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.