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    2706 - 2045 Lake Shore Blvd W

    For SaleThe Palace Pier Condos
    $899,000
    1 Bed
    2 Bath
    1 Parking
    1,200 - 1,399 SQFT
    1 Day on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,318/mth
    Taxes:
    $2,897 (2024)
    Cost Per Sqft:
    $643 - $749/sqft
    Locker:
    Ensuite
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    Immediately/TBA
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Radiant

    Room Dimensions

    Living
    Hardwood Floor, Large Window, Overlooks Water
    16.08 x 14.93ft
    Dining
    Combined with Living, Open Concept, Walkout To Balcony
    13.91 x 11.09ft
    Kitchen
    Eat-In Kitchen, Large Window, Overlooks Water
    12.83 x 9.32ft

    About this Listing

    Finally, a one-bedroom with the coveted direct southeast views of the lake and city skyline. Come and experience the award-winning iconic Palace Pier. Luxury living at Toronto's most desirable waterfront residence. A building designed to deliver a "worry-free Manhattan lifestyle" with unparalleled amenities such as valet service, 24-hr concierge, gourmet restaurant, convenience store, rooftop lounge/event space, laundry service, car wash, indoor saltwater pool, sauna, spa, virtual golf, squash, basketball, billiards, library, gym, multiple guest suites, tennis courts and private shuttle every half 1/2 hour to Union Station. This unit has spacious rooms, two renovated bathrooms, and a thoughtfully designed layout to capture lake views and sunlight. Enjoy 9 acres of gardens on Lake Ontario, walking trails, 5 BBQs, picnic tables, and an outdoor putting green. Perfectly located within walking proximity to restaurants, stores, LCBO, and a short drive to the airport or downtown.

    ExtrasStainless Steel Fridge and Dishwasher. Stove/Oven, Washer, Dryer, All Window Coverings, and All Electrical Light Fixtures. Storage Room Shelfing Rack. The Dining Light fixture is non-operational. Kitchen appliances are in as-is condition.

    re/max hallmark realty ltd.MLS® #W11924602


    Amenities

    Concierge
    Indoor Pool
    Tennis Court
    Party Room
    Visitor Parking
    Guest Suites

    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
    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%

    Maintenance Fees

    The Palace Pier Condos vs The Mimico Area

    Days on Strata

    Units at The Palace Pier Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    16.1
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    48th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    21
    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 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

    Transaction Insights at 2045 Lake Shore Boulevard W

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$540,000 - $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$619$638$652$661$460
    Avg. Wait for Unit Availability199 Days35 Days513 Days76 Days133 Days
    Ratio of Units in Building14%52%4%18%15%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico