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    Toronto / Etobicoke / Mimico

    1605 - 1 Palace Pier Crt

    For SalePalace Place Condos
    $1,299,000
    2 Beds
    2 Bath
    1 Parking
    1,228 SQFT
    6 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,251/mth
    Taxes:
    $3,812 (2024)
    Cost Per Sqft:
    $1,058/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    South
    Possession Date:
    30 days
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    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

    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).

    royal lepage real estate services ltd.MLS® #W11895734

    Amenities

    Concierge
    Indoor Parking
    Indoor Pool
    Rooftop Deck
    Tennis Court
    Party Room

    Explore Neighbourhood

    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.

    Similar Listings

    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    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%

    Price Trends

    Maintenance Fees

    Palace Place Condos vs The Mimico Area

    Building Trends At Palace Place Condos

    Days on Strata

    Units at Palace Place Condos spend an average of
    33
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance 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 again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    35th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    15
    Units were Rented over the past twelve months

    Best Value Rank

    Palace Place Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    Palace Place Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    Palace Place Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    Palace Place Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 1 Palace Pier Court

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$630,000 - $670,000$730,000$885,000 - $1,870,000$851,000 - $2,650,000No DataNo Data
    Avg. Cost Per Sqft$810$977$853$850No DataNo Data
    Avg. Wait for Unit Availability70 Days205 Days30 Days181 Days261 DaysNo Data
    Ratio of Units in Building23%8%55%12%4%1%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico