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    4406 - 1 PALACE PIER Crt

    For SalePalace Place Condos
    $1,899,000
    2 Beds
    3 Bath
    2 Parking
    1,986 SQFT
    6 Days on Strata
    Est Sell Timeframe
    7 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $2,102/mth
    Taxes:
    $6,194 (2024)
    Cost Per Sqft:
    $956/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    East
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Parking
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Forced Air

    Room Dimensions

    Living
    16.57 x 21.92ft
    Dining
    11.58 x 14.34ft
    Kitchen
    12.93 x 12.01ft

    About this Listing

    Step into a world of elegance and tranquility at this stunning corner suite in the iconic Palace Place. With 1,986 square feet of thoughtfully designed living space, this residence offers unobstructed waterfront views over Humber Bay and Lake Ontario, bringing the serenity of nature right into your home. This coveted Fitzgerald 1 floor plan is known for its bright, open design, featuring floor-to-ceiling windows that flood the space with natural light. The expansive living and dining areas provide plenty of room to relax or entertain, freshly painted in neutral tones. There is a full sized eat-in kitchen with walk in pantry. The split-bedroom layout ensures maximum privacy, with two spacious bedrooms and 2.5 beautifully appointed bathrooms. The expansive primary suite offers a luxurious ensuite and ample closet space, while the guest suite is complete with its own ensuite perfect for hosting family and friends. Living at Palace Pier is like living in a five-star resort with 24-hour concierge and valet parking for your convenience. Five acres of beautifully landscaped grounds with sundecks, BBQ areas, and walking trails. A 47th-floor amenity space with panoramic city views, a party room, library, games room, and lounge. A state-of-the-art fitness centre, indoor pool, sauna, steam room, and even indoor golf ranges. For ease and comfort, Palace Place also offers six guest suites, a convenience store, and a private shuttle to Toronto's downtown financial district, and local shopping malls. This is Hotel Style Living at its finest. Escape and Let this lifestyle be your Haven.

    sotheby's international realty canada, brokerageMLS® #W10429194


    Amenities

    Visitor Parking
    Games Room
    Concierge
    Media Room
    Guest Suites
    Gym 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%

    Maintenance Fees

    Palace Place Condos vs The Mimico Area

    Days on Strata

    Units at Palace Place Condos spend an average of
    31
    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
    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

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    39th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    13
    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 - $2,650,000$2,875,000No Data
    Avg. Cost Per Sqft$810$977$853$850$1,057No 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