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    5785 Yonge Street

    Place Nouveau I Condos
    1for Sale
    3for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    15
    Number of Units:
    126
    Condo Completion:
    1988
    Condo Demand:
    Medium
    Unit Size Range:
    743 - 1,750 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Place Nouveau I Condos

    Receive listing updates for Newtonbrook

    Amenities

    Concierge
    Indoor Parking
    Indoor Pool
    Squash Court
    Party Room
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 5785 Yonge StreetPlace Nouveau I Condos

    Anyone who’s seeking a Toronto condo for sale should consider Place Nouveau I Condos at 5785 Yonge Street. Menkes completed this building back in 1988, but unlike other buildings of that age, maintenance fees are higher than average at $0.75 per-square-foot. The 15-storey building is home to 126 suites with units ranging between 743 and 1750 square feet.

    This condo has a Walk Score of 86 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.75 per-square-foot, which is lower than the neighbourhood average of $0.80 per-square-foot.

    The Suites

    We’ve aggregated a number of stats at 5785 Yonge Street. Here are some highlights: In the past 12 months, 8 units have sold, and 3 have been rented. Meanwhile, property values here have decreased by 11.61%.

    Units at Place Nouveau I Condos have a medium likelihood of receiving more than one offer, and on average they sell for -0.53% below the listed price. Suites here have an average cost per-square-foot of $514 based on sales over the past 12 months, and the median time a unit spends on the market is 37 days.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Jung Soo Nae Restaurant, Burrito Place and Mr. Souvlaki are all within 6 minutes walking distance from 5785 Yonge Street. There’s always time for coffee with Timothy's World Coffee, Tim Hortons and Starbucks a short 8-minute walk away.

    There are a number of grocery stores within a short drive, including Food Basics, Arzon Food Market and Khorak Supermarket.

    Residents here can stop by RBC Royal Bank and First Swiss Financial Group on their way home from work, so they can take care of their financial needs.

    Having Bishop Park and Silverview Park within 7 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Like to shop? Everything you need is close by when you live at 5785 Yonge Street, including Yonge Connaught Plaza, Whohou Marketplace and Iranian Plaza which are only 2 away.

    When the weekend rolls around, Irena Art Gallery, Pars Art Gallery and Centre Rug Gallery are within a short 2-minute drive away. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.

    There are plenty of nearby school choices — McKee Public School, Lillian Public School and Pleasant Public School — with more in neighbouring areas so you can find the best school for your child’s needs. This location is a great choice for families who are seeking top-notch educational institutions like Horizons Secondary School, Jonas High School and Avondale Secondary Alternative School.

    Transportation

    If you commute by public transit then the Newtonbrook neighbourhood is a great choice, as you’ll find the 5800 Yonge St light transit stop makes it easy to get around. Those in the area live roughly 1 minutes walk distance from Finch Station, making it easy to get around.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 5765 Yonge Street, 5793 Yonge Street and 5795 Yonge Street.

    Reviews for Place Nouveau I Condos

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    Explore Newtonbrook

    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 condos

    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%

    Maintenance Fees

    Place Nouveau I Condos vs The Newtonbrook Area

    Days on Strata

    Units at Place Nouveau I Condos spend an average of
    37
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Newtonbrook

    Turnover of Units

    On average, each unit is owned for
    10.2
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    24th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Place Nouveau I Condos offers the
    ?
    best value out of 41 condos in the Newtonbrook neighbourhood

    Appreciation Rank

    Place Nouveau I Condos has the
    ?
    highest ROI out of 41 condos in the Newtonbrook neighbourhood

    Rental Yield

    Place Nouveau I Condos yields the
    ?
    highest rent prices out of 41 condos in the Newtonbrook neighbourhood

    High Demand

    Place Nouveau I Condos is the
    ?
    most popular building out of 41 condos in the Newtonbrook neighbourhood

    Transaction Insights at 5785 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed + Den
    Price Range$541,000No DataNo Data$570,000 - $785,000$960,000
    Avg. Cost Per Sqft$721No DataNo Data$567$560
    Avg. Wait for Unit AvailabilityNo Data377 Days149 Days59 DaysNo Data
    Ratio of Units in Building3%13%8%77%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Newtonbrook