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    Palace Place Condos
    by Bramalea Limited

    1 Palace Pier Court

    7for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    44
    Number of Units:
    504
    Condo Completion:
    1993
    Condo Demand:
    Medium
    Unit Size Range:
    350 - 2,836 SQFT
    Unit Availability:
    Medium
    Property Management:
    Crossbridge, A Brookfield Company, 416-503-1200

    Listing History for Palace Place Condos

    Amenities

    Gym Room
    Rooftop Deck
    Games Room
    Visitor Parking
    Concierge
    Party Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1 Palace Pier CourtPalace Place Condos

    Anyone who’s seeking a Toronto condo for sale should consider Palace Place Condos at 1 Palace Pier Court. Bramalea Limited completed this building back in 1993, but unlike other buildings of that age, maintenance fees are on the higher end at $0.95 per-square-foot. The 44-storey building is home to 504 suites with units ranging between 350 and 2836 square feet.

    Maintenance fees are $0.95 per-square-foot, which is higher than the neighbourhood average of $0.84 per-square-foot.

    The Suites

    The average cost per-square-foot for units at 1 Palace Pier Court is $946, based on the past 12 months of sales, and units tend to sell within 33 days of being listed. 10 units have been rented in the previous 12 months, and 18 units have been sold. Suites often sell for -3.75% below the listing price and have a medium chance of receiving multiple offers.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Pier Food Shoppe, Rustic Social House and Eden Trattoria are all within 12 minutes walking distance from 1 Palace Pier Court. There’s always time for coffee with Cafe Cocoa Boulangerie, Gravity Pizza Cafe & Starbucks and Tim Hortons a short 14-minute walk away.

    Grocery shopping is never a chore with stores such as Sobeys Queensway, Rabba Fine Foods and Metro in the area.

    Planning for your future is easy with BMO Bank of Montreal ATM and BMO Bank of Montreal in the area.

    Having Palace Pier Park and Rocky Point Lookout within 3 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Enhance your personal style while living in the Mimico neighbourhood by visiting Loulou, Rockwood plaza and Westlake Village.

    When the weekend rolls around, Studio Connect (Painting Studio / Art Gallery), Artistic Impressions Canada Inc and Norman Felix Gallery Administrative Office are within a short 4-minute drive away.

    Transportation

    Transit riders can catch the Lake Shore Blvd West At Palace Pier Crt within minutes. Jane is about a 6-minute drive from the building.

    If you’re interested in checking out other similar condos within walking distance, you might like 2220 Lake Shore Boulevard W, 2045 Lake Shore Boulevard W and 80 Palace Pier Court.

    7

    Listings For Sale

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    1

    Listings For Rent

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    Nearby Amenities

    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.

    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
    0 persons
    Average Age
    2
    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
    Tagalog
    1%
    Spanish
    1%
    Mandarin
    9%
    Cantonese
    7%
    English
    40%
    Indigenous Language
    31%
    Other
    11%
    Education
    High School
    27%
    Apprenticeship
    3%
    University and Above
    33%
    College
    15%
    University Below Batchelor
    3%
    None
    16%
    Major Field of Study
    Personal, Protective & Transportation Services
    3%
    Health & Related Fields
    12%
    Architecture & Engineering
    20%
    Humanities
    4%
    Physical Sciences
    4%
    Math & Computer Sciences
    7%
    Social Sciences
    10%
    Education
    5%
    Visual & Performing Arts
    3%
    Business Management
    25%

    Price Trends

    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
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    8.4
    YEARS before being sold again

    Property Value

    9%
    Increase in property value within the past twelve months

    Price Ranking

    19th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    10
    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$685,000 - $973,000$730,000$600,000 - $2,398,000$901,000 - $2,250,000$2,200,000 - $2,875,000No Data
    Avg. Cost Per Sqft$1,040$977$898$1,011$1,079No Data
    Avg. Wait for Unit Availability65 Days205 Days29 Days181 Days289 DaysNo Data
    Ratio of Units in Building23%8%53%13%4%1%

    Maintenance Fees

    Palace Place Condos vs The Mimico Area

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