Maintenance Fees
The Palace Pier Condos vs The Mimico Area
$649,0001 bd1 ba2 pk1,000 sqft
For SaleThe Palace Pier Condos
5.0
20 Days on Strata
$649,000
1 Bed
1 Bath
2 Parking
1,000 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$1,236/mth
Taxes:
$2,940 (2025)
Cost Per Sqft:
$649/sqft
Outdoor Space:
Balcony
Locker:
Exclusive
Exposure:
South East
Possession Date:
To Be Determined
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
Welcome to the prestigious Palace Pier and enjoy refined lakeside living! This unit is perched on the 41st floor, and offers breathtaking views of Lake Ontario, and the Toronto skyline including the iconic CN Tower! Enjoy these views through your dramatic floor to ceiling windows or while relaxing with a beverage on your beautiful private balcony. Every moment is framed by stunning panoramic vistas! This 1,000sq ft, 1 bedroom, 1 bathroom unit with a rare DOUBLE parking spot and locker presents a fantastic opportunity! It's ready for renovation- a blank canvas ready for new owners to transform it to their taste and create their dream home. Natural light floods the expansive living and dining areas which provide enough space to entertain family and friends, as well as relaxation after a long week. The primary bedroom boasts a spacious walk-in closet and also offers more spectacular city views, complemented by a 4-piece ensuite bath for ultimate comfort. This prestigious building offers world-class amenities including a gym, indoor swimming pool, saunas, tennis and squash courts, golf simulator, wellness spa, billiard room, craft room, kids' playroom, library, party room, meeting room, concierge service, valet parking, car wash area, games room, putting green, guest suites, and complimentary shuttle bus service. Everything you desire is at your fingertips! This is your chance to live the ultimate lakeside lifestyle in one of Torontos most sought-after residences. Don't miss out! Bring your vision and make this stunning space your own!
ExtrasAll electrical light fixtures, all draperies, washer, dryer, stove and fridge
royal lepage real estate services ltd.MLS® #W12029788
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
Water
Room Dimensions
Living
26.35 x 16.6ft
Dining
7.84 x 4.66ft
Kitchen
13.55 x 8.69ft
Bedroom
16.14 x 9.65ft
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
