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    1 Pemberton Avenue

    Park Lane I Condos
    2for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    25
    Number of Units:
    192
    Condo Completion:
    1999
    Condo Demand:
    Medium
    Unit Size Range:
    513 - 1,200 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Park Lane I Condos

    Receive listing updates for Newtonbrook

    Amenities

    Concierge
    Security System
    Indoor Parking
    Gym Room
    Bike Storage
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1 Pemberton AvenuePark Lane I Condos

    Park Lane I Condos is located at 1 Pemberton Ave in the Newtonbrook neighbourhood. This North York condo stands 25 storeys tall, steps from the intersection of Finch and Yonge, and Finch Station.

    Residents of this building have a shared fitness centre, a concierge service, underground parking and visitor parking. Condo fees are higher than the neighbourhood average, however, they cover all utilities.

    Built in 1999, 1 Pemberton Ave was the first of the Park Lane developments, which includes a second development situated just next door: Park Lane II Condos.

    The Suites

    There are 192 units at 1 Pemberton Ave, ranging in size from 555 square feet for a one bedroom suite, to 1200 square feet for the largest 2 bedroom unit. Prospective buyers can find floor plans up to 3 bedrooms, and many units have large dens.

    Just as floor plans vary, finishes and features are dependent on prior renovations. Many units in the building are practically brand new, and others are fairly dated and could have carpet. Investors or first home buyers could unlock great value within these units, especially with the large suite sizes and all inclusive fees.

    Suites feature galley kitchens with modern appliances — and storage is plentiful. large living rooms provide enough square footage for a small dining area, and large windows flood units with natural light. Units have stackable laundry, and either a private balcony or a sunroom.

    The Neighbourhood

    Banded by Bayview in the east and Bathurst in the west — Newtonbrook is a sprawling North York neighbourhood, home to a diverse population. The area is dotted with charming parks, and long greenbelts; the Finch Hydro Corridor winds through the area and offers a great locale for walking and biking. As well, residents can walk this path to the sizable G Ross Lord Park, home to nature trails and athletic facilities.

    Residents of 1 Pemberton Ave are mere steps from dining options; there's Basil Box on Yonge, Pizza Nova, Tim Hortons, Puck N Wings — and many more on Finch. For shopping, there are several specialized shops in the area. Should residents need a more substantial offering, Centrepoint Mall is roughly a 7 minute drive from Park Lane I Condos. As well, Yonge Sheppard Centre is only an 8 minute drive south on Yonge.

    Families have multiple schools in the neighbourhood, at all academic levels. Edithvale Community Centre is just west of the condo and hosts community events and programs for children.

    Transportation

    1 Pemberton Ave is an excellent choice for renters and buyers who love to get things done on foot. There are several grocery stores within a 5 minute walk, and also pharmacies and banks. Those who rely on public transit will be pleased with direct subway access right outside of the parking lot. Transit users can also catch a bus at the intersection of Finch and Yonge.

    Car owners can head south on Yonge for the nearest on-ramp for the 40; an 8 minute from the building. Travel time to the downtown core takes roughly 30 minutes on a good day.

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    Explore Newtonbrook

    9/10
    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

    Park Lane I Condos vs The Newtonbrook Area

    Days on Strata

    Units at Park Lane I Condos spend an average of
    21
    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
    4.9
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 1 Pemberton Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$508,000 - $572,000$600,000No Data$679,000 - $725,000No Data
    Avg. Cost Per Sqft$945$897No Data$712No Data
    Avg. Wait for Unit Availability92 Days177 DaysNo Data160 DaysNo Data
    Ratio of Units in Building53%23%3%21%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Newtonbrook