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    Toronto / Mimico

    1 Palace Pier Court

    Palace Place Condos
    7for Sale
    2for Rent

    Building Highlights

    Property Type:

    Condo

    Number of Storeys:

    44

    Number of Units:

    504

    Condo Completion:

    1993

    Condo Demand:

    Medium

    Unit Size Range:

    350 - 2,836 SQFT

    Unit Availability:

    Medium

    Property Management:

    Crossbridge Condominium Services Ltd.

    Amenities

    Indoor Pool
    Media Room
    Rooftop Deck
    Security System
    Guest Suites
    Tennis Court
    Gym Room
    Visitor Parking
    Indoor Parking
    Games Room
    Party Room
    Concierge

    About 1 Palace Pier Court — Palace Place Condos

    Anyone who’s seeking a Toronto condo for sale should consider Palace Place Condos at 1 Palace Pier Court. Bramalea Limited completed this building back in 1993, but unlike other buildings of that age, maintenance fees are quite high at $1.00 per-square-foot. The 44-storey building is home to 504 suites with units ranging between 350 and 2836 square feet.

    Maintenance fees at 1 Palace Pier Court are $1.00 per-square-foot, which is significantly higher than the city average of about $0.67.

    The Suites

    The average cost per-square-foot for units at 1 Palace Pier Court is $758, based on the past 12 months of sales, and units tend to sell within 27 days of being listed. 18 units have been rented in the previous 12 months, and 15 units have been sold. Suites often sell for -3.71% below the listing price and have a medium chance of receiving multiple offers.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Pier Food Shoppe, Rustic Social House and Eden Trattoria are all within 12 minutes walking distance from 1 Palace Pier Court. There’s always time for coffee with Cafe Cocoa Boulangerie, Gravity Pizza Cafe & Starbucks and Tim Hortons a short 14-minute walk away.

    Grocery shopping is never a chore with stores such as Sobeys Queensway, Rabba Fine Foods and Metro in the area.

    Planning for your future is easy with BMO Bank of Montreal ATM and BMO Bank of Montreal in the area.

    Having Palace Pier Park and Rocky Point Lookout within 3 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Enhance your personal style while living in the Mimico neighbourhood by visiting Loulou, Rockwood plaza and Westlake Village.

    When the weekend rolls around, Studio Connect (Painting Studio / Art Gallery), Artistic Impressions Canada Inc and Norman Felix Gallery Administrative Office are within a short 4-minute drive away.

    Transportation

    Transit riders can catch the Lake Shore Blvd West At Palace Pier Crt within minutes. Jane is about a 6-minute drive from the building.

    If you’re interested in checking out other similar condos within walking distance, you might like 2045 Lake Shore Boulevard W, 80 Palace Pier Court and 2067 Lake Shore Boulevard W.

    Maintenance Fees

    Included in Fees
    None
    Not Included
    Hydro
    Heat
    Air Conditioning
    Water

    Listing History for Palace Place Condos

    Apr 03, 2025 • 167 days on Strata
    expired
    $899,000
    3708 - 1 Palace Pier Crt
    2 + 1
    2
    2
    1201 Sqft
    View
    Apr 01, 2025 • 134 days on Strata
    expired
    $1,899,000
    4406 - 1 PALACE PIER Crt
    2
    2
    2
    1986 Sqft
    View
    Receive listing updates for Mimico

    Reviews for Palace Place Condos

    Elizabeth N
    March 19 2025
    5 out of 5
    One of the best-run buildings in the city! I’m living here now and absolutely love it. The security is top-notch, the grounds are beautiful, and the location is unbeatable. I couldn’t imagine living anywhere else—it’s the perfect place with amazing amenities!
    Aisha K
    February 26 2025
    Owner
    5 out of 5
    Prime location with friendly management and a fully renovated space, equipped with all the necessary amenities for a comfortable life!
    Alvaro E
    March 19 2025
    Owner
    5 out of 5
    Love living here! I’m thinking about downsizing, but I’m definitely staying in the building. It’s just that great.
    Ivan E
    February 13 2025
    4 out of 5
    Great location, tidy building with direct access to the lake. No openable windows, but everything clean and safe.
    Tran R
    February 22 2025
    3 out of 5
    Excellent view, but the condos are older with no balcony. High fees that don’t seem to add value – feels like they’re just disappearing.
    7

    Listings For Sale

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    Listings For Rent

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    Similar Condos

    Explore Mimico

    Commute Calculator

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    4/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    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.

    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    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%

    Building Trends At Palace Place Condos

    Days on Strata

    Units at Palace Place Condos spend an average of
    27
    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 an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    8.4
    YEARS before being sold again

    Property Value

    -21%
    Decrease in property value within the past twelve months

    Price Ranking

    37th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    18
    Units were Rented over the past twelve months

    Best Value Rank

    Palace Place Condos offers the
    ?
    best value out of 62 condos in the Mimico neighbourhood

    Appreciation Rank

    Palace Place Condos has the
    ?
    highest ROI out of 62 condos in the Mimico neighbourhood

    Rental Yield

    Palace Place Condos yields the
    ?
    highest rent prices out of 62 condos in the Mimico neighbourhood

    High Demand

    Palace Place Condos is the
    ?
    most popular building out of 62 condos in the Mimico neighbourhood

    Market Insights

    Transaction Insights at Palace Place Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$630,000 - $670,000No Data$885,000 - $1,608,888$851,000 - $2,650,000No Data$2,200,000
    Avg. Cost Per Sqft$810No Data$784$850No Data$792
    Avg. Wait for Unit Availability66 Days261 Days31 Days164 Days261 DaysNo Data
    Ratio of Units in Building24%7%53%13%4%1%

    Market Inventory

    Total number of units listed and sold in Mimico