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    for sale
    54 Days on Strata
    Est Sell Timeframe:
    22 Days

    2407 - 1 Palace Pier Crt

    Palace Place Condos4.5
    $539,900
    1 Bed
    1 Bath
    1 Parking
    809 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $922/mth
    Taxes:
    $2,511 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $667/sqft
    Outdoor Space:
    None
    Locker:
    Owned
    Possession Date:
    TBD
    Exposure:
    North West

    Amenities

    Concierge
    Gym
    Guest Suites
    Indoor Pool
    Party Room
    Squash Court

    About this Listing

    Motivated Seller! Experience true luxury living at one of Torontos most prestigious waterfront residences. This beautifully appointed suite comes with 1 parking space and 1 locker, plus all-inclusive maintenance fees that cover all utilities and servicesan unbeatable value in the city.Indulge in resort-style amenities, including 24/7 concierge, valet parking, doorman, private shuttle to downtown, an indoor pool, sauna, spa, state-of-the-art fitness centre, tennis courts, library, party rooms, guest suites, and even an on-site restaurant and convenience store.Enjoy exclusive access to the 47th-floor Sky Lounge, offering breathtaking panoramic views of Lake Ontario, the Toronto Islands, and the city skyline. Outdoors, relax at the BBQ area, practice on the putting green, or explore the waterfront trail system right at your doorstep.As a Palace Place resident, youll also benefit from Rogers Ignite Internet for just $26/month (retail $119.99).

    ExtrasFridge, Stove, Microwave, Dishwasher, Washer, and Dryer

    re/max real estate centre inc.MLS® #W12432600

    Utilities & Inclusions

    Hydro
    Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included
    Parking
    Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Foyer
    0 x 0ft
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

    Explore Mimico

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    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.

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    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%

    Building Trends At Palace Place Condos

    Days on Strata

    Units at Palace Place Condos spend an average of
    52
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    7%
    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
    8.5
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    21
    Units were Rented over the past twelve months

    Best Value Rank

    Palace Place Condos offers the
    ?
    best value out of 62 condos in the Mimico neighbourhood

    Appreciation Rank

    Palace Place Condos has the
    ?
    highest ROI out of 62 condos in the Mimico neighbourhood

    Rental Yield

    Palace Place Condos yields the
    ?
    highest rent prices out of 62 condos in the Mimico neighbourhood

    High Demand

    Palace Place Condos is the
    ?
    most popular building out of 62 condos in the Mimico neighbourhood

    Market Insights

    Transaction Insights at Palace Place Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$607,000 - $625,000No Data$900,000 - $1,830,000$904,900 - $1,000,000No Data$2,200,000
    Avg. Cost Per Sqft$823No Data$891$770No Data$792
    Avg. Wait for Unit Availability75 Days206 Days33 Days171 Days223 DaysNo Data
    Ratio of Units in Building23%9%53%13%5%1%

    Market Inventory

    Total number of units listed and sold in Mimico