Maintenance Fees
The Palace Pier Condos vs The Mimico Area
for sale
23 Days on Strata
- Est Sell Timeframe:
- 22 Days
1905 - 2045 Lake Shore Blvd W
$1,158,000
2 Beds
2 Bath
1 Parking
1,260 SQFT
Price History
- Maintenance Fees:
- $1,480/mth
- Taxes:
- $3,356 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $919/sqft
- Outdoor Space:
- Balcony
- Locker:
- Exclusive
- Possession Date:
- TBD
- Exposure:
- South West
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 this Listing
Welcome to Suite 1905 located on the shores of beautiful Lake Ontario, in the iconic Palace Pier. This is an excellent opportunity to reside in this space efficient, 1,260 sq.ft. sun filled, two bedroom, two bath, residence with unperilled, unobstructed views of the lake from every room, through floor to ceiling walls of glass. The welcoming foyer with marble flooring, follows through to the combination living/dining room, perfect for entertaining or relaxing in comfort, or enjoying your morning coffee, or a perfect way to end your day, with an evening cocktail, on your adjoining balcony. The views are awesome. Custom cabinetry, five S/S appliances, ample counter space, makes this a space efficient kitchen. The second bedroom/den/nursery, again a room with a view. The second four piece bath is adjacent, ideal for family or guests. To add to the appeal, Palace Pier is known for its Five Star Services and amenities. Also you are steps away from fine dining as well as casual restaurants, boutique shops, miles of walking trails and parks. It is a great community. This is more than just a place to live, it is a lifestyle and an oasis in the city. Five Star Amenities: Concierge, Valet Services, Private Bus to City, Tennis Court, Gourmet Restaurant, Spa, BBQ's, Sports Simulator, Children's Playroom, Executive Meeting Room and much more. 15 minutes to major airports.
ExtrasAll existing Appliances, All Elfs and Window Coverings
royal lepage real estate services ltd.MLS® #W12496110
Utilities & Inclusions
- Hydro
- Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Fan Coil
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 26.41 x 16.47ft
- Combined with Dining, Windows Floor to Ceiling, Balcony
- Dining
- 26.41 x 16.47ft
- Combined with Living, Windows Floor to Ceiling, Overlooks Water
- Kitchen
- 13.29 x 7.87ft
- Built-in Dishwasher, Stainless Steel Appliances
- Foyer
- 17.19 x 4.92ft
- Marble Floor, Closet
- Primary
- 18.87 x 12.14ft
- 4 Piece Ensuite, Overlooks Water, hardwood floor
- 2nd Bedroom
- 10.83 x 9.58ft
- Double Closet, Sw View
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Map
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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 The Palace Pier Condos
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
LOWchance 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 againProperty 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 Bed | 2 Bed | 2 Bed + Den | 3 Bed | 3 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 |
| Price Range | $2,800 - $2,850 | $3,550 - $4,700 | $3,950 | $6,400 | No Data |
| Avg. Wait for Unit Availability | 203 Days | 38 Days | 691 Days | 71 Days | 199 Days |
| Avg. Wait for Unit Availability | 343 Days | 77 Days | 748 Days | 367 Days | 236 Days |
| Ratio of Units in Building | 14% | 52% | 4% | 19% | 13% |
Market Inventory
Total number of units listed and sold in Mimico
