43.7829° N · 79.4174° W — Newtonbrook West, Toronto — MLS® #C14119416
507-5740 Yonge St
$499,800
Newtonbrook West, Toronto, Ontario M2M 0B1
- 2
- BedroomsBeds
- 2
- BathroomsBaths
- 700-799 sqft700-799
- SizeSq ft
Inquire about this listing
In short · from the listing record
507-5740 Yonge St is a 2-bedroom, 2-bathroom condo in Newtonbrook West, Toronto, listed for sale at an asking price of $499,800 (MLS® C14119416).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
71Good
Condition score
1 documented update signal
Listing age, structured features and disclosed update language; not an inspection.
44Shortfall
Cash flow quality
−$516/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 5 condos with 2 bedrooms for lease in Newtonbrook West right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $2,785 / 2026
- MLS® number
- C14119416
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Time on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Listing history
Listing activity for 507-5740 Yonge St, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,800 | N/A | For Sale | C14119416 |
Inside
Room by room
From the listing.
- Kitchen2.43 × 2.66 mModern Kitchen, Stainless Steel Appl, Granite Counter
- Living3.37 × 5.41 mLaminate, Combined W/Dining
- Dining3.37 × 5.41 mLaminate, Combined W/Living
- Primary2.97 × 3.12 mLaminate, 4 Pc Ensuite, Large Window
- 2nd Br2.71 × 3.12 mLaminate, Closet, Window
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Newtonbrook West
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 2 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Finch Station | TTC subway: Line 1 Yonge-UniversityYRT bus rapid transit: Viva Blue | 300 m |
| North York Centre Station | TTC subway: Line 1 Yonge-University | 1.7 km |
| Yonge / Steeles | YRT bus rapid transit: Viva Blue | 1.7 km |
| Sheppard-Yonge Station | TTC subway: Line 1 Yonge-University, Line 4 Sheppard | 2.4 km |
| Old Cummer GO | GO Transit train: Richmond Hill | 3.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; YRT schedule data (GTFS) from York Region Transit under the YRT Open Data Licence 2.0, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Contains public transit Information made available under YRT's Open Data Licence.
Around it
Condo Apt in Newtonbrook West
Active listings only, today.
Condos for sale in Newtonbrook West right now
- For sale now
- 35
- Median asking price
- $570K
- New in 7 days
- 5
- Price cuts
- 11%
Middle half: $499K to $724K
16 in 28 days
4 listings
This home is asking 12% below the median.
See all homes in Newtonbrook WestAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineNone foundNot in a mapped Heritage Conservation District
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningSee Former City of North York By-Law No. 7625Outside By-law 569-2013: the former municipality’s by-law still sets what may be built. Confirm the rules with the City.
- Permits5 clearedNew Building Issued May 14, 2012 · Building Permit Related(MS) Issued February 22, 2012 · Sprinklers Issued February 21, 2012 · Building Permit Related(PS) Issued September 6, 2011 · Building Permit Related (DR) Issued May 31, 2011
- Signals nearby6 to note5800 YONGE ST, Site plan, 180 m away · 5800 YONGE ST, Site plan, 180 m away · 5800 YONGE ST, Site plan, 180 m away · 30 HENDON AVE, Official plan or zoning amendment, 190 m away · 32 HENDON AVE, Official plan or zoning amendment, 200 m away · 36 HENDON AVE, Official plan or zoning amendment, 210 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record37 building permits issued within 250 m in the last 2 years
- devappsOn record11 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 5.2 km
- parcelOn recordMapped parcel: about 37,600 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 27 test or monitoring holes also recorded.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 80 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (80 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rally. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Land transfer tax on this home
- Ontario land transfer tax
- $6,471
- Toronto municipal land transfer tax
- $6,471
- Total land transfer tax
- $12,942
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $4,467
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,800
- $1,996
- Ontario total
- $6,471
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,471.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- St Cyril Catholic SchoolToronto CDSBCatholic · grades JK–8 · French Immersion96%Grade 6 average700 m
- R J Lang Elementary and Middle SchoolToronto DSBPublic · grades JK–861%Grade 6 average750 m
- McKee Public SchoolToronto DSBPublic · grades JK–586%Grade 3 average1.1 km
- École élémentaire Paul-DemersConseil scolaire ViamondeFrench-language public · grades JK–695%Grade 6 average3.7 km
SecondaryGrade 9 math 2024–25
- Drewry Secondary SchoolToronto DSBPublic · grades 9–12—550 m
- ÉSC Monseigneur-de-CharbonnelConseil scolaire catholique MonAvenirFrench-language Catholic · grades 9–1263%Grade 9 math600 m
- Newtonbrook Secondary SchoolToronto DSBPublic · grades 9–12 · French Immersion39%Grade 9 math1.4 km
- St Joseph Morrow Park Catholic Secondary SchoolToronto CDSBCatholic · grades 9–1263%Grade 9 math2.2 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$3,316
- Mortgage$2,281
- Property tax$232
- Condo or maintenance fee$803
A planning figure, not a quote.
Land transfer tax
$12,942
$4,467 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$2,800
a month, median asking rent of 5 similar homes in Newtonbrook West.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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