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    2045 Lake Shore Boulevard W

    The Palace Pier Condos

    Highlights

    Property Type:
    Condo
    Number of Storeys:
    45
    Number of Units:
    433
    Condo Completion:
    1978
    Condo Demand:
    Medium
    Unit Size Range:
    893 - 6,470 SQFT
    Unit Availability:
    Medium
    Property Management:

    Amenities

    Guest Suites
    Tennis Court
    Games Room
    Indoor Parking
    Party Room
    Squash Court
    Indoor Pool
    Gym
    Concierge
    Visitor Parking
    Amenity details for reference only. Independently verify accuracy.

    About 2045 Lake Shore Boulevard WThe Palace Pier Condos

    Anyone who’s seeking a Toronto condo for sale should definitely consider The Palace Pier Condos at 2045 Lake Shore Boulevard W. Bramalea Limited completed this building back in 1978, but unlike other buildings of that age, maintenance fees are actually quite high at $1.14 per-square-foot. The building is 45 storeys tall and is home to 433 suites. Units start at 893 square feet on the low end, and can go up to 6470 square feet.

    Maintenance fees at 2045 Lake Shore Boulevard W are $1.14 per-square-foot, which is significantly higher than the city average of about $0.67, however the maintenance fees do include all utilities, making them a bit more reasonable (usually at least hydro is separate).

    The Suites

    The average cost per-square-foot for a unit at 2045 Lake Shore Boulevard W is $608, based on the past 12 months of sales, and these suites have a low probability of receiving multiple offers.

    Units at The Palace Pier Condos spend 32 days on the market on average and usually sell for -3.09% below the listing price. In the last 12 months, 14 units have rented, and 16 have sold.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Pier Food Shoppe, Rustic Social House and Bento Sushi are all within 10 minutes walking distance from 2045 Lake Shore Boulevard W. If you enjoy grabbing coffee locally, then you’ll love the fact that you can walk less than 11 minutes to get to Tim Hortons, Cafe Cocoa Boulangerie and Gravity Pizza Cafe & Starbucks.

    There are a number of grocery stores within a short drive, including Sobeys Queensway, Rabba Fine Foods and Metro.

    There are a number of banks within a short drive, including BMO Bank of Montreal ATM and BMO Bank of Montreal for all your investment needs.

    There are plenty of parks nearby to keep your family busy, including Palace Pier Park and Rocky Point Lookout, which are less than 7 minutes away by foot.

    Like to shop? Everything you need is close by when you live at 2045 Lake Shore Boulevard W, including Loulou, Rockwood plaza and Westlake Village which are only 3 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Studio Connect (Painting Studio / Art Gallery), Artistic Impressions Canada Inc and Norman Felix Gallery Administrative Office less than a 4-minute drive away will give you a lift.

    The Palace Pier Condos is a short drive away from Park Lawn Junior Middle School, giving you plenty of choice for your child’s education.

    Transportation

    If you commute by public transit then the Mimico neighbourhood is a great choice, as you’ll find the Lake Shore Blvd West At Palace Pier Crt light transit stop makes it easy to get around. Those who live in the area can easily drive to Jane, just 6 minutes from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 80 Palace Pier Court, 3 Marine Parade Drive and 2067 Lake Shore Boulevard W.

    Hydro
    Included
    Heat
    Included
    Air Conditioning
    Included
    Water
    Included

    Listing History for The Palace Pier Condos

    Nov, 2025
    2045 Lake Shore Blvd W, unit 507 for sale
    Unit 507
    Nov 20, 2025141 days on strata
    Sold for $746,000Listed for $806,0002 bd | 2 ba | 1,550 sqft | 1 pkg
    2045 Lake Shore Blvd W, unit 1605 for sale
    Unit 1605
    Nov 09, 202561 days on strata
    ExpiredListed for $799,0001 bd | 1 ba | 800-899 sqft | 1 pkg
    Receive listing updates for Mimico

    Reviews for The Palace Pier Condos

    Howard Y
    March 8 2025
    Owner
    5 out of 5
    The Palace Pier offers stunning waterfront and city views, featuring the iconic arch bridge. A beautiful and desirable place to live
    Bao
    July 24 2025
    Visitor
    5 out of 5
    The condo my son and his partner rent is spacious and lovely—really impressed with the space and layout!
    Pinto H
    July 30 2025
    5 out of 5
    Located lakeside, this condo offers stunning night views of Toronto and easy access to scenic walking trails, perfect for relaxation.
    M. Santos
    May 1 2025
    5 out of 5
    Neat and clean building to live in with amazing security details!
    Charlie H
    July 23 2025
    Owner
    5 out of 5
    Best condo in the city with top-tier amenities and services. Shared amenities are gradually being updated, and the location is unbeatable. Highly recommended for anyone seeking luxury living with excellent facilities.
    Andrew H
    July 28 2025
    5 out of 5
    Great security and friendly management. Location is fantastic, close to restaurants and groceries. Amenities are clean and enjoyable, including a well-kept pool, hot tub, and small but functional gyms.
    10

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    Similar Condos

    Explore Mimico

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    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
    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%



    Days on Strata

    Units at The Palace Pier Condos spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    16.1
    YEARS before being sold again

    Property Value

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

    Price Ranking

    40th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Market Insights

    Transaction Insights at The Palace Pier Condos

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$540,000 - $695,000$746,000 - $1,105,000$1,102,000 - $1,112,000$1,340,000 - $1,450,000$1,785,000
    Avg. Cost Per Sqft$621$641$788$601$562
    Avg. Wait for Unit Availability203 Days38 Days691 Days71 Days199 Days
    Ratio of Units in Building14%52%4%19%13%

    Market Inventory

    Total number of units listed and sold in Mimico