For SaleThe Palace Pier CondosEst Sell Timeframe 8 Days
$988,000
Price Cut: $998,000
2 Beds
2 Bath
1 Parking
1,478 SQFT
96 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$1,733/mth
Taxes:
$2,998 (2024)
Cost Per Sqft:
$668/sqft
Locker:
Owned
Outdoor Space:
None
Exposure:
North West
Possession Date:
Immediately
Laundry:
Ensuite
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Hydro
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
None
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Fan Coil
Room Dimensions
Living
Laminate, Windows Floor to Ceiling
27.07 x 17.23ft
Dining
Laminate, Windows Floor to Ceiling
19.65 x 12.47ft
Kitchen
Tile Floor, Backsplash, Stainless Steel Appliances
13.19 x 7.45ft
About this Listing
Luxury living at 'The Palace Pier' elegant, secure and friendly environment in one of Toronto's most desirable residence located in nine acres of beautifully landscaped property on the shores of Lake Ontario just 15 minutes from Downtown or Pearson international airport by car or private shuttle bus that takes you to Financial & Theatre Districts and all the city has to offer. Enjoy the outdoors with quick access to the parks & more.
ExtrasMore amenities than any condo in Toronto; Restaurant, Club, Spa, Pool, Tennis court, BBQ, Roof top Lounge, Guest Suites, Convenience stores, valet parking, private bus & 24 Hr
re/max expertsMLS® #W9260166
Amenities
Indoor Pool
Party Room
Visitor Parking
Concierge
Gym Room
Squash Court
Explore Neighbourhood
5/10
Walkability
Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
7/10
Transit
Transit's there for you, like a loyal golden retriever.
6/10
Bikeability
The bike lane starts to feel like a second home.
Similar Listings
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
23,316
Average Individual Income
$64,286
Average Household Size
3 persons
Average Age
45
Average Household Income
$109,977
Dominant Housing Type
Detached
Population By Age
Household Income
Housing Types & Tenancy
Detached
36%
Semi Detached
26%
High Rise Apartment
20%
Low Rise Apartment
11%
Duplex
5%
Marital Status
Commute
Languages (Primary Language)
English
58%
Mandarin
14%
Other
13%
Cantonese
10%
Tagalog
2%
Spanish
1%
Korean
1%
Tamil
1%
Education
University and Above
33%
High School
27%
None
16%
College
15%
Apprenticeship
3%
University Below Batchelor
3%
Major Field of Study
Business Management
25%
Architecture & Engineering
20%
Health & Related Fields
12%
Social Sciences
10%
Math & Computer Sciences
7%
Education
5%
Humanities
4%
Physical Sciences
4%
Personal, Protective & Transportation Services
3%
Visual & Performing Arts
3%
Price Trends
Maintenance Fees
The Palace Pier Condos vs The Mimico Area
Building Trends At The Palace Pier Condos
Days on Strata
Units at The Palace Pier Condos spend an average of
23
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
above
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Mimico
Turnover of Units
On average, each unit is owned for
16.2
YEARS before being sold againProperty Value
2%
Increase in property value within the past twelve months
Price Ranking
49th
Highest price per SQFT out of 57 condos in the Mimico area
Sold Units
18
Units were Sold over the past twelve months
Rented Units
7
Units were Rented over the past twelve months
Best Value Rank
The Palace Pier Condos offers the best value out of 57 condos in the Mimico neighbourhood
?
Appreciation Rank
The Palace Pier Condos has the highest ROI out of 57 condos in the Mimico neighbourhood
?
Rental Yield
The Palace Pier Condos yields the highest rent prices out of 57 condos in the Mimico neighbourhood
?
High Demand
The Palace Pier Condos is the most popular building out of 57 condos in the Mimico neighbourhood
?
Transaction Insights at 2045 Lake Shore Boulevard W
| 1 Bed | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|
| Price Range | $705,000 | $790,000 - $1,150,000 | $750,000 - $1,990,000 | $1,375,000 - $2,300,000 | $1,480,000 |
| Avg. Cost Per Sqft | $644 | $661 | $617 | $661 | $460 |
| Price Range | No Data | $3,500 - $6,000 | No Data | $6,500 | $6,000 - $7,000 |
| Avg. Wait for Unit Availability | 199 Days | 35 Days | 562 Days | 68 Days | 153 Days |
| Avg. Wait for Unit Availability | 347 Days | 85 Days | 526 Days | 305 Days | 236 Days |
| Ratio of Units in Building | 14% | 52% | 4% | 19% | 14% |
Transactions vs Inventory
Total number of units listed and sold in Mimico
