5740 Yonge St #507 is a 2-bedroom, 2-bathroom condo in Toronto, listed for $499,800. It has 700-799 sq ft of living space.
1Welcome 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.
2Open-concept living and dining areas extend to a private 52 sq ft balcony, while the modern kitchen features granite countertops and stainless steel appliances.
3Ensuite laundry and owned parking add everyday convenience.
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.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $714 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 5740 Yonge St #507
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
5740 Yonge St #507 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,455
/mo
based on the purchase price of $499,800
$99,960 cash
$399,840 financed
$336,770 total interest
Principal54%$399,840
Interest46%$336,770
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Toronto
Other 1-bed homes for sale in Toronto around $500K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4966.8%On average, homes sold at or above asking.
Active listings12,274Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 30 – Jul 29, 2026.
Based on 9,552 sales from Jul 29 – Oct 27, 2026 (6,950 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale · 1 for rent at 5740 Yonge St — plus its sale and lease history.
5740 Yonge St #507 is listed at $499,800 (MLS® C14119416). Summitly updates the price as soon as the MLS® record changes.
Is $499,800 a good price for 5740 Yonge St #507?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5740 Yonge St #507 changed?
No — 5740 Yonge St #507 is still listed at its original asking price of $499,800.
How many bedrooms and bathrooms does 5740 Yonge St #507 have?
5740 Yonge St #507 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 5740 Yonge St #507 close to transit?
The nearest rapid-transit station is Finch Station (Line 1), about 210 m (about a 3-minute walk) in a straight line. North York Centre Station is about 1.6 km (about a 20-minute walk), and Sheppard-Yonge Station is about 2.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 5740 Yonge St #507?
About $2,455 a month — principal and interest on $499,800 with 20% down ($99,960), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 5740 Yonge St #507 compare with other homes in Toronto?
Its asking price of $499,800 is about 41% below the median sold price in Toronto over the last 90 days, $840,000, across 9,552 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 5740 Yonge St #507 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 5740 Yonge St #507 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 5740 Yonge St #507?
5740 Yonge St #507 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5740 Yonge St #507 been on the market?
1 day — 5740 Yonge St #507 was listed on October 26, 2026.
What is the price per square foot of 5740 Yonge St #507?
About $626 to $714 per square foot: the asking price of $499,800 over the 700–799 sq ft the listing gives as its size range.
Does 5740 Yonge St #507 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
