Maintenance Fees
Palace Place Condos vs The Mimico Area
for sale
7 Days on Strata
- Est Sell Timeframe:
- 22 Days
4009 - 1 Palace Pier Crt
$998,800
2 Beds + 1
2 Bath
1 Parking
1,400 SQFT
Price History
- Maintenance Fees:
- $1,547/mth
- Taxes:
- $4,283 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $713/sqft
- Outdoor Space:
- None
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- South West
Amenities
Concierge
Guest Suites
Gym
Indoor Pool
Party Room
Squash Court
About this Listing
Rising high above the shoreline on the 40th floor, this 1,388 sq ft corner suite captures sweeping views of Lake Ontario and the Humber Bay. Thoughtfully designed for both elegance and comfort, it features two spacious bedrooms, two full bathrooms, an enclosed sun-filled solarium and a formal dining room that's perfect for hosting. The kitchen showcases granite countertops, stainless steel appliances, and classic cabinetry, while the marble-clad primary ensuite offers a spa-like retreat. With timeless wainscoting, warm hardwood floors, and natural light pouring through expansive windows, every detail feels graceful and inviting. Residents of Palace Place enjoy unmatched amenities, attentive concierge service, and the privacy of one of Toronto's most respected waterfront addresses. The amenities deliver a true five star experience with the feel of a luxury hotel!
ExtrasSs fridge, ss range/oven, ss over the range microwave, ss dishwasher, stacked washer & dryer, all existing light fixtures and wall sconces, all existing window coverings.
century 21 miller real estate ltd.MLS® #W12546290
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
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Kitchen
- 10.6 x 10.99ft
- Backsplash, Breakfast Area, Centre Island
- Dining
- 11.68 x 10.99ft
- Formal Room, hardwood floor, Wainscoting
- Sunroom
- 7.51 x 7.51ft
- hardwood floor, French Doors, Windows Floor to Ceiling
- Living
- 17.75 x 14.67ft
- Overlooks Water, Open Concept, hardwood floor
- Primary
- 16.24 x 12.01ft
- Overlooks Water, Walk-in Closet, 4 Piece Ensuite
- 2nd Bedroom
- 15.16 x 9.09ft
- Overlooks Water, Large Closet
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Mimico
Map
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.
Mortgage Calculator
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%
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
AVERAGEchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $607,000 - $625,000 | No Data | $900,000 - $1,830,000 | $904,900 - $1,000,000 | No Data | $2,200,000 |
| Avg. Cost Per Sqft | $823 | No Data | $891 | $770 | No Data | $792 |
| Price Range | $2,900 - $3,600 | $2,650 | $3,500 - $5,600 | $3,650 - $4,500 | $7,650 | No Data |
| Avg. Wait for Unit Availability | 75 Days | 206 Days | 33 Days | 171 Days | 223 Days | No Data |
| Avg. Wait for Unit Availability | 98 Days | 223 Days | 51 Days | 187 Days | 290 Days | No Data |
| Ratio of Units in Building | 23% | 9% | 53% | 13% | 5% | 1% |
Market Inventory
Total number of units listed and sold in Mimico
