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    Toronto / North York / Newtonbrook

    511 - 8 Pemberton Ave

    For SalePark Palace Condos
    $519,000
    1 Bed
    1 Bath
    1 Parking
    600 - 699 SQFT
    48 Days on Strata
    Est Sell Timeframe
    11 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $588/mth
    Taxes:
    $1,946 (2023)
    Cost Per Sqft:
    $742 - $865/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North West
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Den, Walkout To Balcony, Open Concept
    17.29 x 10.5ft
    Dining
    O/Looks Living, Laminate
    17.29 x 10.5ft
    Kitchen
    Renovated, Quartz Counter, Stainless Steel Appliances
    9.84 x 7.61ft

    About this Listing

    Superb location at Yonge/Finch Subway with direct underground access to the building. A Walk Score of 92/100, so daily errands do not require a car. GO, VIVA & York Bus terminals nearby. Very easy access to downtown within 30 minutes using the Yonge subway line. Shops, supermarkets, restaurants at Yonge St.; North York City Center, library and parks are just a quick stroll away. The suite is freshly painted and move-in ready!

    ExtrasAll Kitchen Appliances, Washer/Dryer, Window Blinds & Electric Light Fixtures.

    re/max atrium home realtyMLS® #C9360187

    Amenities

    Concierge
    Party Room
    Rec Room
    Rooftop Deck
    Security System
    Sauna

    Explore Neighbourhood

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    16,570
    Average Individual Income
    $67,675
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $115,798
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    17%
    50 - 64
    23%
    65+
    23%
    Household Income
    $0 - $30,000
    52%
    $30,000+
    25%
    $60,000+
    11%
    $90,000+
    6%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    51%
    Semi Detached
    20%
    Low Rise Apartment
    12%
    High Rise Apartment
    7%
    Duplex
    7%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    54%
    Cantonese
    17%
    Mandarin
    13%
    Other
    12%
    Tamil
    3%
    Tagalog
    1%
    Education
    University and Above
    28%
    High School
    27%
    None
    20%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    7%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Park Palace Condos vs The Newtonbrook Area

    Building Trends At Park Palace Condos

    Days on Strata

    Units at Park Palace Condos spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Newtonbrook

    Turnover of Units

    On average, each unit is owned for
    6.3
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

    Park Palace Condos offers the
    ?
    best value out of 41 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    Park Palace Condos has the
    ?
    highest ROI out of 41 condos in the Newtonbrook neighbourhood

    Rental Yield

    Park Palace Condos yields the
    ?
    highest rent prices out of 41 condos in the Newtonbrook neighbourhood

    High Demand

    Park Palace Condos is the
    ?
    most popular building out of 41 condos in the Newtonbrook neighbourhood

    Transaction Insights at 8 Pemberton Avenue

    1 Bed2 Bed
    Price Range$540,000$610,000 - $673,000
    Avg. Cost Per Sqft$927$705
    Avg. Wait for Unit Availability136 Days68 Days
    Ratio of Units in Building40%61%

    Transactions vs Inventory

    Total number of units listed and sold in Newtonbrook