8 Pemberton Avenue
Building Details
Listing History for Park Palace Condos
Amenities
Maintenance Fees
About 8 Pemberton Avenue — Park Palace Condos
Park Palace Condos was completed in 1996 by Pemberton Group. While some buyers associate high maintenance fees with older buildings, maintenance fees at 8 Pemberton Avenue are only $0.89 per-square-foot. These Newtonbrook condos for sale offer floor plans that are more spacious than most modern condos; there are 148 suites in this 14-storey residence, and units range from 350 square feet to 1000 square feet.
This condo has a Walk Score of 88 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees at 8 Pemberton Avenue are $0.89 per-square-foot, which is notably higher than the city average of about $0.67.
The Suites
The average cost per-square-foot for a unit at 8 Pemberton Avenue is $850 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a medium probability of receiving multiple offers.
Units at Park Palace Condos spend 42 days on the market on average and usually sell for -0.07% below the listing price. In the last 12 months, 18 units have rented, and 3 have sold.
The Neighbourhood
Living here means you’re just a 4-minute walk from Burrito Place, Mega Street Food Complex and Puck 'N Wings, making it easy to dazzle your taste buds without much effort. You’ll only have to walk 6 minutes to pick-up a coffee before heading out for your day at Tim Hortons, Timothy's World Coffee and Starbucks.
There are a number of grocery stores within a short drive, including Food Basics, Metro and H Mart North York.
Residents here can stop by RBC Royal Bank and CIBC Business Contact Centre on their way home from work, so they can take care of their financial needs.
8 Pemberton Avenue is also a great fit for nature lovers, as Bishop Park and Finch Parkette are all just a hop, skip, and a jump away.
Like to shop? Everything you need is close by when you live at 8 Pemberton Avenue, including Collaboht Branding, Yonge Connaught Plaza and Whohou Marketplace which are only 2 away.
If you’re tired of the usual neighbourhood attractions, then perhaps having GallerySunami, Irena Art Gallery and Pars Art Gallery less than a 3-minute drive away will give you a lift. Cineplex Cinemas Empress Walk is just a short drive away for movie nights.
There are plenty of nearby school choices — McKee Public School, Churchill Public School and Lillian 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 Jonas High School, Horizons Secondary School and Avondale Secondary Alternative School.
Transportation
Transit users will love the Newtonbrook neighbourhood with convenient light transit routes like Finch Station nearby. Finch Station station is only 0 minutes walking distance from the building.
Curious about similar condos in the area? Check out 18 Pemberton Avenue, 39 Pemberton Avenue and 7 Bishop Avenue — all within walking distance.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At Park Palace Condos
Days on Strata
List vs Selling Price
Or in other words, the
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 8 Pemberton Avenue
1 Bed | 2 Bed | |
---|---|---|
Price Range | $540,000 | $632,000 - $673,000 |
Avg. Cost Per Sqft | $927 | $724 |
Price Range | $2,225 - $3,100 | $2,800 - $3,150 |
Avg. Wait for Unit Availability | 136 Days | 72 Days |
Avg. Wait for Unit Availability | 46 Days | 29 Days |
Ratio of Units in Building | 40% | 61% |
Unit Sales vs Inventory
Total number of units listed and sold in Newtonbrook