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    1504 - 2045 Lake Shore Blvd W

    For SaleThe Palace Pier Condos
    $1,099,999
    2 Beds
    3 Bath
    2 Parking
    1,800 SQFT
    1 Day on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $2,283/mth
    Taxes:
    $4,964 (2024)
    Cost Per Sqft:
    $611/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    TBA-Flexible
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Radiant

    Room Dimensions

    Living
    Hardwood Floor, Large Window, Combined with Kitchen
    0 x 0ft
    Kitchen
    Hardwood Floor, Stainless Steel Appliances, Granite Counter
    0 x -3.28ft
    Dining
    Hardwood Floor, Large Window, Built-in Shelves
    0 x 0ft

    About this Listing

    Discover the pinnacle of luxury and urban convenience at Palace Pier, an iconic full-service residence situated on Toronto's stunning waterfront. Located on Lake Shore Blvd with close access to the Gardiner Expressway, this property offers seamless commuting alongside breathtaking views of Lake Ontario and Downtown Toronto. This fully renovated two-bedroom, three-bathroom condo has been meticulously designed with high-end finishes, including hardwood floors, a custom chefs kitchen with granite countertops, and stainless steel appliances. The open-concept living space is perfect for entertaining, while the expansive windows offer serene views of both sunrises and sunsets over the lake. Every detail of this home, from the modern custom bathrooms to the thoughtfully curated layout, redefines elegance and comfort. Palace Pier offers a wealth of world-class amenities, including an indoor pool, sauna, squash courts, basketball and tennis courts, a rooftop sundeck, a state-of-the-art fitness center, and wellness spa facilities. Residents also enjoy a billiards room, a library, and a gourmet on-site restaurant. Additional conveniences include executive meeting rooms, a party room, and beautifully manicured grounds, perfect for unwinding or exploring the nearby walking and biking trails along the waterfront. The building provides unparalleled services, such as a 24-hour concierge, valet parking, a complimentary shuttle to Union Station, a car wash, and guest suites for visitors. With an emphasis on luxury, comfort, and convenience, Palace Pier seamlessly blends Toronto's urban vibrancy with the tranquility of lakefront living.

    re/max rouge river realty ltd.MLS® #W10433864


    Amenities

    Indoor Pool
    Party Room
    Visitor Parking
    Concierge
    Gym Room
    Squash Court

    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
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    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
    16.2
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    49th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    18
    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 57 condos in the Mimico neighbourhood

    Appreciation Rank

    The Palace Pier Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    The Palace Pier Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    The Palace Pier Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 2045 Lake Shore Boulevard W

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$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$644$661$617$661$460
    Avg. Wait for Unit Availability199 Days35 Days562 Days68 Days153 Days
    Ratio of Units in Building14%52%4%19%14%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico