Building Details
Listing History for The Palace Pier Condos
Amenities
Maintenance Fees
About 2045 Lake Shore Boulevard W — The 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 $1.16 per-square-foot. The building is 45 storeys tall and is home to 433 suites. Units start at 886 square feet on the low end, and can go up to 6470 square feet.
Maintenance fees at 2045 Lake Shore Boulevard W are $1.16 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
On average, units at 2045 Lake Shore Boulevard W sell 0.29% above the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). Units here are among the most affordable in the area with an average cost per-square-foot of $596 (based on past 12 months of sales). Units typically sell with 20 days on market on average. Over the past 12 months, 21 have sold and 7 have been rented out.
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, 2067 Lake Shore Boulevard W and 1 Palace Pier Court.
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Price Increase: $44,000 (Dec 11)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At The Palace Pier Condos
Days on Strata
List vs Selling Price
Or in other words, the
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 2045 Lake Shore Boulevard W
1 Bed | 2 Bed | 2 Bed + Den | 3 Bed | 3 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 | $620 | $638 | $655 | $661 | $460 |
Price Range | No Data | $3,550 - $6,000 | No Data | $6,500 | $7,000 |
Avg. Wait for Unit Availability | 199 Days | 35 Days | 513 Days | 70 Days | 158 Days |
Avg. Wait for Unit Availability | 347 Days | 87 Days | 526 Days | 305 Days | 236 Days |
Ratio of Units in Building | 14% | 52% | 4% | 19% | 14% |
Unit Sales vs Inventory
Total number of units listed and sold in Mimico