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For SaleThe Palace Pier CondosEst Sell Timeframe 8 Days
$2,388,000
3 Beds
3 Bath
2 Parking
3,000 - 3,249 SQFT
52 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$3,659/mth
Taxes:
$7,618 (2024)
Cost Per Sqft:
$735 - $796/sqft
Locker:
Owned
Outdoor Space:
None
Exposure:
South East
Possession Date:
November 1, 2024
Laundry:
Ensuite
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Hydro
Heat
Air Conditioning
Water
Parking
Building Insurance
Excluded
None
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Foyer
Hardwood Floor, Pot Lights, Double Closet
20.31 x 9.51ft
Kitchen
Centre Island, Overlooks Water, Updated
18.37 x 15.09ft
Living
Fireplace, Overlooks Water, South View
26.9 x 26.58ft
About this Listing
Palace Pier! Can See Right Across the Lake to the other side! Over 3000 Square Feet with two parking spots and locker. Renovated! Valet parking and great amenities. Two squash courts, Gym, Games Room, Table Tennis, Spa, Pool, Club on top floor, Veloute restaurant, Shuttle Buses
ExtrasAll appliances and Window coverings. Fireplace in Living room and Ensuite Laundry
royal lepage terrequity realtyMLS® #W9374716
Amenities
Guest Suites
Concierge
Indoor Parking
Tennis Court
Rooftop Deck
Gym Room
Explore Neighbourhood
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.
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
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
Maintenance Fees
The Palace Pier Condos vs The Mimico Area
Building Trends At The Palace Pier Condos
Days on Strata
Units at The Palace Pier Condos spend an average of
23
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
above
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Mimico
Turnover of Units
On average, each unit is owned for
16.2
YEARS before being sold againProperty Value
2%
Increase in property value within the past twelve months
Price Ranking
49th
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
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 | $705,000 | $790,000 - $1,150,000 | $750,000 - $1,990,000 | $1,375,000 - $2,300,000 | $1,480,000 |
| Avg. Cost Per Sqft | $644 | $661 | $617 | $661 | $460 |
| Price Range | No Data | $3,500 - $6,000 | No Data | $6,500 | $6,000 - $7,000 |
| Avg. Wait for Unit Availability | 199 Days | 35 Days | 562 Days | 68 Days | 153 Days |
| Avg. Wait for Unit Availability | 347 Days | 85 Days | 526 Days | 305 Days | 236 Days |
| Ratio of Units in Building | 14% | 52% | 4% | 19% | 14% |
Transactions vs Inventory
Total number of units listed and sold in Mimico
