Maintenance Fees
Palace Place Condos vs The Mimico Area
$1,299,0002 bds2 ba1 pk1,228 sqft
For SalePalace Place Condos
4.4
110 Days on Strata
$1,299,000
2 Beds
2 Bath
1 Parking
1,228 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$1,251/mth
Taxes:
$3,812 (2024)
Cost Per Sqft:
$1,058/sqft
Outdoor Space:
None
Locker:
Owned
Exposure:
South
Possession Date:
30 days
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 this Listing
On a clear day, you can see forever! Suite 1605 is a highly sought-after condominium residence, with approximately 1,228 square feet of living space, 2-bedrooms, 2-baths, and the most enchanting forever views of Lake Ontario.**Brand new Vidar engineered American Oak hardwood floors have just been installed throughout.** *Palace Place is Toronto's most luxurious waterfront condominium residence. *Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and one of the only condominiums in Toronto to offer Les Clefs d'Or concierge services, the same service that you would find on a visit to the Four Seasons. **EXTRAS** *The all-inclusive fees are among the lowest in the area, yet they include the most.*Special To Palace Place: Rogers Ignite Internet Only $26/Mo (Retail: $119.99/M).
ExtrasAll suite inclusions are in as-is condition
royal lepage real estate services ltd.MLS® #W11895734
Fees & Utilities
Maintenance Fees
Included in Fees
Hydro
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
Electric
Heating
Forced Air
Room Dimensions
Living
Overlooks Water, hardwood floor
15.06 x 12.99ft
Dining
Overlooks Water, hardwood floor
12.37 x 12.01ft
Kitchen
12.3 x 8.2ft
Primary
Overlooks Water, hardwood floor, Walk-in Closet
16.54 x 15.91ft
2nd Bedroom
Overlooks Water, hardwood floor
11.68 x 9.58ft
Solarium
hardwood floor, Overlooks Water
8.53 x 7.71ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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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
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%
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
AVERAGEchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $630,000 - $670,000 | No Data | $885,000 - $1,608,888 | $851,000 - $2,650,000 | No Data | $2,200,000 |
| Avg. Cost Per Sqft | $810 | No Data | $784 | $850 | No Data | $792 |
| Price Range | $2,850 - $3,000 | $2,650 - $2,750 | $3,750 - $5,800 | $4,300 - $4,500 | $6,250 | No Data |
| Avg. Wait for Unit Availability | 66 Days | 261 Days | 31 Days | 164 Days | 261 Days | No Data |
| Avg. Wait for Unit Availability | 110 Days | 275 Days | 53 Days | 210 Days | 281 Days | No Data |
| Ratio of Units in Building | 24% | 7% | 53% | 13% | 4% | 1% |
Market Inventory
Total number of units listed and sold in Mimico
