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    Toronto / Etobicoke / Mimico

    511 - 2045 Lake Shore Blvd W

    For SaleThe Palace Pier Condos
    $599,000
    1 Bed
    1 Bath
    1 Parking
    920 SQFT
    52 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,090/mth
    Taxes:
    $1,959 (2023)
    Cost Per Sqft:
    $651/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North East
    Possession Date:
    November 1, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Water

    Room Dimensions

    Foyer
    Closet, Tile Floor, Pot Lights
    14.93 x 4.17ft
    Living
    Combined with Dining, Hardwood Floor, Windows Floor to Ceiling
    16.08 x 17.26ft
    Dining
    Open Concept, Hardwood Floor, Combined with Living
    16.08 x 9.15ft

    About this Listing

    Luxury And Lifestyle Is Yours In The Award-Winning "Condo Of The Year", Palace Pier. This 920 Sq Ft One Bedroom, One Bath Suite With Its Gallery Entrance, Expansive Open Concept Living And Dining Room, and Open Balcony With Floor-To-Ceiling Windows is Perfect For Entertaining. Hardwood Floor, Neutral Tones and Stainless Steel Appliances Add to the Comfort of this Oversized One Bedroom Suite. This Unit Comes With an Owned Parking Spot and Easy Access To Waterfront Boardwalk, Downtown Via Private Coach on the 1/2 Hour To Union Station, Bloor West Village, Mimico, High Park, Kingsway Shops, Gardiner Expressway, 427, DVP, QEW, and 401. Floor Plans and Virtual 360 Tour Available.

    sutton group realty systems inc.MLS® #W9379604

    Amenities

    Indoor Pool
    Gym Room
    Tennis Court
    Games Room
    Squash Court
    Party 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
    16.2
    YEARS before being sold again

    Property Value

    3%
    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

    19
    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$655$661$460
    Avg. Wait for Unit Availability199 Days35 Days513 Days68 Days153 Days
    Ratio of Units in Building14%52%4%19%14%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico