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For SaleThe Palace Pier CondosEst Sell Timeframe 2 Days
$765,000
Price Cut: $767,700
1 Bed
1 Bath
1 Parking
920 SQFT
84 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Cost Per Sqft:
$832/sqft
Maintenance Fees:
$1,337/mth
Taxes:
$2,045 (2024)
Locker:
Exclusive
Outdoor Space:
Balcony
Exposure:
South East
Possession Date:
To Be Determined
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Hydro
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
None
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Electric
- Heating
- Radiant
- Ensuite Laundry
- No
Room Dimensions
Dining
Combined with Living, Wood Floor
23.62 x 15.75ft
Living
Combined with Dining, Wood Floor, Walkout To Balcony
23.62 x 15.75ft
Kitchen
Vinyl Floor, Combined with Laundry
13.29 x 7.55ft
About this Listing
The Palace Pier was voted the number 1 Luxury building of the year 2020. 1 Bedroom, 1 bath, new electric circuit breakers, new HVAC. Raised ceiling in the Foyer with Potlights. Quiet and cozy southeast corner with Lake and City views, enjoy magnificent sunrises as you sip your morning coffee on the balcony. Recently painted fashionable white. Hunter Douglas-type window coverings, gallery art hanging system, move-in ready, bring your own personal touch.
ExtrasElectric light fixtures, Fridge, Stove, Dishwasher, Washer, Dryer, Window coverings
royal lepage real estate services ltd.MLS® #W8053490
Amenities
Games Room
Rooftop Deck
Visitor Parking
Concierge
Indoor Pool
Squash Court
Nearby Amenities
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%
Price Trends
Building Trends At The Palace Pier Condos
Days on Strata
Units at The Palace Pier Condos spend an average of
26
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
Turnover of Units
On average, each unit is owned for
16.1
YEARS before being sold againProperty Value
-4%
Decrease in property value within the past twelve months
Price Ranking
47th
Highest price per SQFT out of 57 condos in the Mimico area
Sold Units
22
Units were Sold over the past twelve months
Rented Units
7
Units were Rented over the past twelve months
Best Value Rank
The Palace Pier Condos offers the best value out of 57 condos in the Mimico neighbourhood
?
Appreciation Rank
The Palace Pier Condos has the highest ROI out of 57 condos in the Mimico neighbourhood
?
Rental Yield
The Palace Pier Condos yields the highest rent prices out of 57 condos in the Mimico neighbourhood
?
High Demand
The Palace Pier Condos is the most popular building out of 57 condos in the Mimico neighbourhood
?
Transaction Insights at 2045 Lake Shore Boulevard W
1 Bed | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|
Price Range | No Data | $877,400 - $1,300,000 | $750,000 - $1,990,000 | $1,450,000 - $2,300,000 | $1,480,000 - $1,800,000 |
Avg. Cost Per Sqft | No Data | $729 | $602 | $694 | $424 |
Price Range | $2,800 | $3,500 - $6,000 | No Data | $6,500 | $6,000 |
Avg. Wait for Unit Availability | 131 Days | 33 Days | 562 Days | 70 Days | 124 Days |
Avg. Wait for Unit Availability | 347 Days | 90 Days | 526 Days | 258 Days | 244 Days |
Ratio of Units in Building | 14% | 52% | 4% | 18% | 15% |
Maintenance Fees
The Palace Pier Condos vs The Mimico Area