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    The Palace Condo

    1270 Maple Crossing Boulevard

    3for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    20
    Number of Units:
    234
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    622 - 1,699 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Palace Condo

    Amenities

    Sauna
    Car Wash
    Outdoor Pool
    Squash Court
    Tennis Court
    Concierge

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1270 Maple Crossing BoulevardThe Palace Condo

    Incredible shopping, fantastic dining, beautiful natural scenery, commuter access — in short, 1270 Maple Crossing Blvd is a building for buyers who want it all.

    The Palace Condo stands 20 storeys tall on a small cul-de-sac, with a traditional brick frame and featuring large window bays. Occupancy began back in 1990, and the building has been remarkably well-maintained in the years since. The tower is surrounded by manicured grounds and established in a desirable stretch of Downtown Burlington.

    Condo residents have amazing neighbourhood amenities, but what’s offered on-site is also worth noting: Tennis and squash courts, an outdoor pool, saunas, a ground level sun deck with communal barbeques, a chic party room with a full-sized kitchen, guest suites, and a 24 hour concierge service.

    The Suites

    1270 Maple Crossing Blvd is home to 234 suites, available in an assortment of different layouts and exposures. Units start at 649 square feet for a 1 bedroom suite and can reach up to 1699 square feet for a 2 bedroom condo. Floor plans are available from 1 to 3 bedrooms and there are plus den units as well.

    While many would argue that age is just a number, age does imply variance here. Prospective buyers can expect to encounter hardwood flooring in most suites, but the odd unit could have carpet. Likewise, kitchens have great bones with wide cabinets and full sized appliances, but finishes depend on past occupants.

    The bedrooms are incredibly generous in these Burlington condos and provide far more living space compared to what’s typically offered in Toronto condos for sale. Unfortunately, these homes don’t have private balconies, but they do include large sunrooms.

    The Neighbourhood

    Downtown Burlington is a scenic locale with eclectic eateries, quaint boutiques, cafes, and breathtaking scenery along the waterfront. This affluent pocket is home to some of the largest houses in the province on Lake Shore Blvd, and yet, condos in the area are quite reasonable, especially for a waterfront neighbourhood.

    Residents of The Palace Condo are only minutes from Mapleview Shopping Centre — the largest mall in the region — for fashion boutiques, high-end brands, tech stores, and restaurants. There are several big box retailers close-by as well, such as IKEA and Costco Wholesale. Boutiques are sprinkled throughout the area on Brant St and there’s a collection of locally owned restaurants on Lakeshore Blvd.

    For recreation, there’s Spencer Smith Park less than a 15 minute walk from the condos for walking paths or bike trails. There are playgrounds, picnic benches, monuments, and the Lakeside Festival of Lights, which is beautiful at night. Families have nearby schools and daycares, and plenty of family friendly entertainment.

    Transportation

    Downtown Burlington is a scenic locale with eclectic eateries, quaint boutiques, cafes, and breathtaking scenery along the waterfront. This affluent pocket is home to some of the largest houses in the province on Lake Shore Blvd, and yet, condos in the area are quite reasonable, especially for a waterfront neighbourhood.

    Residents of The Palace Condo are only minutes from Mapleview Shopping Centre — the largest mall in the region — for fashion boutiques, high-end brands, tech stores, and restaurants. There are several big box retailers close-by as well, such as IKEA and Costco Wholesale. Boutiques are sprinkled throughout the area on Brant St and there’s a collection of locally owned restaurants on Lakeshore Blvd.

    For recreation, there’s Spencer Smith Park less than a 15 minute walk from the condos for walking paths or bike trails. There are playgrounds, picnic benches, monuments, and the Lakeside Festival of Lights, which is beautiful at night. Families have nearby schools and daycares, and plenty of family friendly entertainment.

    3

    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    5/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    Unknown
    Transit
    7/10
    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
    10,615
    Average Individual Income
    $84,648
    Average Household Size
    3 persons
    Average Age
    39
    Average Household Income
    $142,041
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    65%
    Semi Detached
    18%
    High Rise Apartment
    9%
    Duplex
    3%
    Low Rise Apartment
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    92%
    Other
    6%
    Spanish
    1%
    Punjabi
    1%
    Education
    University and Above
    30%
    High School
    28%
    College
    22%
    None
    12%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    21%
    Architecture & Engineering
    18%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Humanities
    6%
    Math & Computer Sciences
    6%
    Education
    6%
    Personal, Protective & Transportation Services
    5%
    Physical Sciences
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    2%

    Price Trends

    Days on Strata

    Units at The Palace Condo spend an average of
    19
    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 a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    17.1
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 47 condos in the Downtown Burlington area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    The Palace Condo offers the
    ?
    best value out of 47 condos in the Downtown Burlington neighbourhood

    Appreciation Rank

    The Palace Condo has the
    ?
    highest ROI out of 47 condos in the Downtown Burlington neighbourhood

    Rental Yield

    The Palace Condo yields the
    ?
    highest rent prices out of 47 condos in the Downtown Burlington neighbourhood

    High Demand

    The Palace Condo is the
    ?
    most popular building out of 47 condos in the Downtown Burlington neighbourhood

    Transaction Insights at 1270 Maple Crossing Boulevard

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$489,000 - $495,000No Data$499,900 - $630,000$575,000No DataNo Data
    Avg. Cost Per Sqft$765No Data$577$610No DataNo Data
    Avg. Wait for Unit Availability152 Days405 Days84 Days237 Days501 DaysNo Data
    Ratio of Units in Building25%8%50%12%7%1%

    Maintenance Fees

    The Palace Condo vs The Downtown Burlington Area

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