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    28 Pemberton Avenue

    Park Palace III Condos
    4for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    130
    Condo Completion:
    1996
    Condo Demand:
    Medium
    Unit Size Range:
    513 - 1,100 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Park Palace III Condos

    Receive listing updates for Newtonbrook

    Amenities

    Bike Storage
    Gym Room
    Rec Room
    Visitor Parking
    Security System
    Indoor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 28 Pemberton AvenuePark Palace III Condos

    Anyone who’s seeking a Toronto condo for sale should consider Park Palace III Condos at 28 Pemberton Avenue. Pemberton Group completed this building back in 1996, but unlike other buildings of that age, maintenance fees are on the higher end at $0.89 per-square-foot. The 12-storey building is home to 130 suites with units ranging between 513 and 1100 square feet.

    This condo has a Walk Score of 88 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees at 28 Pemberton Avenue are $0.89 per-square-foot, which is notably higher than the city average of about $0.67.

    The Suites

    Here are some stats that would interest renters or buyers at 28 Pemberton Avenue: 2 units have been sold in the past 12 months, and 10 units have been rented over the same period.

    In terms of price per-square-foot, the average cost is $691 and units tend to sell for -4.29% below the list price. Units at 28 Pemberton Avenue have a low probability of receiving more than one offer. On average, a suite will spend 25 days on the market.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Burrito Place, Mega Street Food Complex and Puck 'N Wings are all within 4 minutes walking distance from 28 Pemberton Avenue. There’s always time for coffee with Tim Hortons, Timothy's World Coffee and Starbucks a short 6-minute walk away.

    Grocery shopping is never a chore with stores such as Food Basics, Metro and H Mart North York in the area.

    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.

    Getting some fresh air is a breeze when you live at 28 Pemberton Avenue because excellent green spaces like Bishop Park and Finch Parkette are walkable in under 3 minutes.

    Like to shop? Everything you need is close by when you live at 28 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.

    Park Palace III Condos is a short drive away from McKee Public School, Churchill Public School and Lillian Public School, giving you plenty of choice for your child’s education. Newtonbrook is an excellent area for parents and teens alike where your teenager will be able to explore close to home after attending Jonas High School, Horizons Secondary School and Avondale Secondary Alternative School. And you’ll have peace of mind they’re nearby!

    Transportation

    Transit riders can catch the Finch Ave East At Kenneth Ave within minutes. Residents have access to the subway stop at Finch Station, which is only 0 minutes walking distance from the building.

    If you’re interested in checking out other similar condos within walking distance, you might like 18 Pemberton Avenue, 8 Pemberton Avenue and 39 Pemberton Avenue.

    Park Palace III Condos Reviews

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    4

    Listings For Sale

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    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 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 Palace III Condos vs The Newtonbrook Area

    Days on Strata

    Units at Park Palace III Condos spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    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
    YEARS before being sold again

    Property Value

    -17%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 41 condos in the Newtonbrook area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 28 Pemberton Avenue

    Studio1 Bed1 Bed + Den2 Bed
    Price RangeNo DataNo DataNo Data$670,000 - $715,000
    Avg. Cost Per SqftNo DataNo DataNo Data$723
    Avg. Wait for Unit AvailabilityNo Data155 Days510 Days116 Days
    Ratio of Units in Building1%32%5%64%

    Unit Sales vs Inventory

    Total number of units listed and sold in Newtonbrook