Maintenance Fees
The Palace Pier Condos vs The Mimico Area
$3,7502 bds2 ba1 pk1,500 sqft
For RentThe Palace Pier Condos
5.0
16 Days on Strata
$3,750/mth
2 Beds + 1
2 Bath
1 Parking
1,500 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Possession Date:
June 15, 2025
Lease Term:
1 Year
Utilities Included:
Yes
Outdoor Space:
None
Furnished:
No
Exposure:
North East
Locker:
Owned
Laundry:
Main
Amenities
Party Room
Rooftop Deck
Tennis Court
Indoor Pool
Gym Room
Indoor Parking
Guest Suites
Concierge
Squash Court
Games Room
Visitor Parking
About this Listing
Spacious 2 Bedroom Suite With A Den Available In Luxury Palace Pier. The Suite Is Approximately 1,500 Square Feet With Gallery Kitchen. Building Amenities Include Indoor Pool, Gym & Recreation Facilities, Sauna & Whirlpool, Tennis/Basketball Court, In-House Convenient Store, Restaurant, Valet Parking And 24 Hour Security.
ExtrasExisting Fridge, Stove, Dishwasher, Washer & Dryer. 24 hours notice required.
re/max metropolis realtyMLS® #W12034708
Fees & Utilities
Utilities Included
Rent Includes
Hydro
Heat
Water
Parking
Building Maintenance
Not Included
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Combined with Dining, Carpet, Overlooks Water
27.07 x 17.26ft
Dining
Combined with Living, Carpet, Overlooks Water
9.68 x 9.02ft
Kitchen
Ceramic Back Splash, Ceramic Floor
13.12 x 8.37ft
Primary
6 Piece Ensuite, Walk-in Closet, Wood Floor
15.75 x 11.16ft
2nd Bedroom
Mirrored Closet, Wood Floor
12.14 x 9.02ft
Renter's Market
Balanced
Landlord's Market
Similar Listings
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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.
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 The Palace Pier Condos
Days on Strata
Units at The Palace Pier Condos spend an average of
19
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
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
16.1
YEARS before being sold againProperty Value
-6%
Decrease in property value within the past twelve months
Price Ranking
45th
Highest price per SQFT out of 62 condos in the Mimico area
Sold Units
20
Units were Sold over the past twelve months
Rented Units
11
Units were Rented over the past twelve months
Best Value Rank
The Palace Pier Condos offers the best value out of 62 condos in the Mimico neighbourhood
?
Appreciation Rank
The Palace Pier Condos has the highest ROI out of 62 condos in the Mimico neighbourhood
?
Rental Yield
The Palace Pier Condos yields the highest rent prices out of 62 condos in the Mimico neighbourhood
?
High Demand
The Palace Pier Condos is the most popular building out of 62 condos in the Mimico neighbourhood
?
Market Insights
Transaction Insights at The Palace Pier Condos
| 1 Bed | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|
| Price Range | $540,000 - $705,000 | $775,000 - $1,150,000 | $750,000 - $1,102,000 | $1,375,000 - $2,300,000 | $1,420,000 |
| Avg. Cost Per Sqft | $619 | $626 | $650 | $657 | $537 |
| Price Range | No Data | $3,550 - $4,650 | No Data | $6,400 - $6,500 | $7,000 |
| Avg. Wait for Unit Availability | 206 Days | 35 Days | 587 Days | 81 Days | 142 Days |
| Avg. Wait for Unit Availability | 373 Days | 79 Days | 526 Days | 324 Days | 236 Days |
| Ratio of Units in Building | 14% | 52% | 4% | 18% | 15% |
Market Inventory
Total number of units listed and leased in Mimico
