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    Toronto / Etobicoke / Mimico

    2611 - 1 Palace Pier Crt

    For RentPalace Place Condos
    $4,100/mth
    Price Cut: $4,500
    2 Beds + 1
    2 Bath
    1 Parking
    1,106 SQFT
    51 Days on Strata
    Est Lease Timeframe
    20 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 4, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    Yes
    Outdoor Space:
    None
    Furnished:
    No
    Exposure:
    North East
    Locker:
    Owned
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Prim Bdrm
    Windows Floor to Ceiling, Ensuite Bath, Double Closet
    15.19 x 14.21ft
    2nd Bedroom
    Closet, Vinyl Floor
    11.48 x 10.11ft
    Kitchen
    Ceramic Back Splash, Ceramic Floor, Double Sink
    12.01 x 8.4ft

    About this Listing

    Live In Absolute Luxury! Beautiful, Newly Renovated Condominium Residence With 1106 Sq Ft Of Living Space With Floor To Ceiling High Windows. 2 Bedrooms Plus Solarium And 2 Full Baths. Breathtaking Views Of The Humber River, Swansea Village, High Park, And More. Palace Place Is Toronto's Most Luxurious Waterfront Condominium Residence Offering Private Shuttle Service To Downtown, Gated Security, Valet Parking, Indoor Pool & Spa, Squash/Basketball Court, Private Putting Green And Much More! Palace Place Truly Defines Luxury From Offering High-End Finishes And Is One Of The Only Condominiums In Toronto to offer Les Clefs d'Or Concierge Services, The Same Service That You Would Find On A Visit To The Four Seasons.

    right at home realtyMLS® #W9382376

    Amenities

    Indoor Pool
    Gym Room
    Tennis Court
    Games Room
    Party Room
    Visitor Parking

    Explore Neighbourhood

    4/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    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

    Palace Place Condos vs The Mimico Area

    Building Trends At Palace Place Condos

    Days on Strata

    Units at Palace Place Condos spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    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
    8.4
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    39th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Palace Place Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 1 Palace Pier Court

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$630,000 - $670,000$730,000$885,000 - $1,870,000$851,000 - $2,650,000$2,875,000No Data
    Avg. Cost Per Sqft$810$977$853$850$1,057No Data
    Avg. Wait for Unit Availability70 Days205 Days30 Days181 Days261 DaysNo Data
    Ratio of Units in Building23%8%55%12%4%1%

    Transactions vs Inventory

    Total number of units listed and leased in Mimico