Maintenance Fees
The Palace Pier Condos vs The Mimico Area
$2,388,0003 bds3 ba2 pk3,000 - 3,249 sqft
For SaleThe Palace Pier Condos
5.0
89 Days on Strata
$2,388,000
3 Beds
3 Bath
2 Parking
3,000 - 3,249 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$3,659/mth
Taxes:
$7,618 (2024)
Cost Per Sqft:
$735 - $796/sqft
Outdoor Space:
None
Locker:
Owned
Exposure:
South East
Possession Date:
February 1, 2025
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
Palace Pier. Can see right across the Lake and incredible view of downtown Toronto Skyline!. Over 3000 square feet with 2 Parking spots and a locker. Renovated!. Valet Parking and Great Amenities. Two Squash Courts, Gym, Games Room, Table Tennis, Spa and Restaurant. Some of the pictures were taken one year ago. **EXTRAS** All appliances and window coverings. Fireplace in Living Room and Ensuite Laundry.
ExtrasThermador Fridge, Stove, Double Oven, Dishwasher, Panasonic Microwave, Clothes Washer, Clothes Dryer.
royal lepage terrequity realtyMLS® #W11912183
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
Gas
Heating
Forced Air
Room Dimensions
Foyer
Double Closet, hardwood floor, Double Closet
20.31 x 9.51ft
Kitchen
Centre Island, Quartz Counter, Updated
18.37 x 15.09ft
Living
Fireplace, Overlooks Water, South View
26.9 x 26.58ft
Dining
Overlooks Water, South View, hardwood floor
20.34 x 13.12ft
Primary
5 Piece Ensuite, East View, North View
21.33 x 18.7ft
Bedroom
Double Closet, hardwood floor, North View
18.7 x 9.84ft
Bedroom
Double Closet, hardwood floor, North View
18.7 x 9.84ft
Buyer's Market
Balanced
Seller'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 sold in Mimico
