Maintenance Fees
Palace Place Condos vs The Mimico Area
$1,699,0002 bds3 ba2 pk1,985 sqft
For SalePalace Place Condos
4.4
19 Days on Strata
$1,699,000
2 Beds
3 Bath
2 Parking
1,985 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$2,042/mth
Taxes:
$6,087 (2024)
Cost Per Sqft:
$856/sqft
Outdoor Space:
None
Locker:
Owned
Exposure:
South West
Possession Date:
June 30, 2025
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
Wake up to stunning water views from every room in this luxurious 1,985 sq. ft. suite. This spacious 2-bedroom, 2.5-bath home features an updated cherry kitchen with stainless steel appliances, pantry, glass barn door, porcelain tile, 10' black granite island with power, drawers, induction cooktop, exhaust and seating for six (stools included!), Open concept living dining, cornice mouldings. Full wall of Cherry built-ins in the living room, blending elegance with functionality. Two solariums for home office or enjoy the views with your favourite beverage. Includes two parking spaces and a locker for added convenience. A rare opportunity for waterfront living at its finest!
ExtrasGE Professional Series induction cooktop. Frigidaire convection oven, Kitchen Aid fridge. Microwave (2022), Maytag w/d. (appliances working and being sold as is). 3 fan coil units with UVC lights. 6 adjustable bar stools, window coverings, light fixtures, tv mount (exclude tv). Two parking spaces and one locker.
re/max professionals inc.MLS® #W12028394
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
No Data
Heating
Fan Coil
Room Dimensions
Living
Laminate
22.31 x 16.57ft
Dining
Laminate, Open Concept
15.09 x 13.09ft
Kitchen
Porcelain Floor, Granite Counter
21.92 x 12.3ft
Primary
Laminate, 6 Piece Ensuite
22.57 x 17.39ft
2nd Bedroom
Laminate, 4 Piece Ensuite
23.95 x 9.42ft
Solarium
Laminate, Combined with Living
7.05 x 7.05ft
Solarium
Laminate, combined with primary
7.05 x 7.05ft
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
