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    Toronto / Etobicoke / Mimico

    1609 - 2045 Lake Shore Blvd

    For SaleThe Palace Pier Condos
    $998,000
    2 Beds
    2 Bath
    1 Parking
    1,478 SQFT
    80 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,733/mth
    Taxes:
    $2,998 (2024)
    Cost Per Sqft:
    $675/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North West
    Possession Date:
    August 31, 2024
    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
    Fan Coil

    Room Dimensions

    Living
    Laminate, Windows Floor to Ceiling
    27.07 x 17.23ft
    Dining
    Laminate, Windows Floor to Ceiling
    19.65 x 12.47ft
    Kitchen
    Tile Floor, Backsplash, Stainless Steel Appliances
    13.19 x 7.45ft

    About this Listing

    Luxury living at 'The Palace Pier' elegant, secure and friendly environment in one of Toronto's most desirable residence located in nine acres of beautifully landscaped property on the shores of Lake Ontario just 15 minutes from Downtown or Pearson international airport by car or private shuttle bus that takes you to Financial & Theatre Districts and all the city has to offer. Enjoy the outdoors with quick access to the parks & more.

    ExtrasMore amenities than any condo in Toronto; Restaurant, Club, Spa, Pool, Tennis court, BBQ, Roof top Lounge, Guest Suites, Convenience stores, valet parking, private bus & 24 Hr

    re/max expertsMLS® #W9260166

    Amenities

    Concierge
    Party Room
    Tennis Court
    Rooftop Deck
    Indoor Parking
    Games Room

    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%

    Price Trends

    Maintenance Fees

    The Palace Pier Condos vs The Mimico Area

    Building Trends At The Palace Pier Condos

    Days on Strata

    Units at The Palace Pier Condos spend an average of
    22
    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

    -5%
    Decrease 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

    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 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 - $1,575,000
    Avg. Cost Per Sqft$644$677$617$661$359
    Avg. Wait for Unit Availability190 Days35 Days562 Days68 Days142 Days
    Ratio of Units in Building14%52%4%19%14%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico