Skip to main

    505 - 80 Palace Pier Crt

    For SaleNevis Condos
    $1,898,888
    1 Bed + 1
    2 Bath
    2 Parking
    1,450 SQFT
    9 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,547/mth
    Taxes:
    $5,057 (2024)
    Cost Per Sqft:
    $1,310/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    December 16, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Kitchen
    Hardwood Floor, Open Concept, Granite Counter
    14.01 x 12.6ft
    Living
    Hardwood Floor, Walkout To Patio, Overlooks Water
    16.9 x 19.1ft
    Dining
    Hardwood Floor, Pot Lights, Overlooks Water
    10.99 x 13.98ft

    About this Listing

    This is the only penthouse unit on the market offering a rare, 230 sq. ft. private terrace with stunning panoramic city skyline and water views in a five-storey boutique 29-unit condo. Steps from Lake Ontario, experience both the urban oasis and Humber Bay Park visible from the moment you enter the spacious 1,440 sq. ft. unit. Completely renovated, the designer 1+1 layout features a gourmet kitchen equipped with stainless steel appliances, custom cabinetry and an expansive island wrapped in a luxurious honed-finish granite waterfall counter, perfect for entertaining. 9 ft. smooth ceilings throughout heighten the striking leather-finish granite slab fireplace wall, while LED recessed adjustable lighting is perfectly placed to showcase artwork. A combination of custom walnut millwork, 7.5 ft. walnut doors and engineered walnut flooring on acoustic-rated padding, brings contemporary and timeless design together in elegant style. Enjoy waterfront trails, restaurants, cafes, shops, and the Etobicoke Yacht Club or stay home and fire up the gas BBQ on your terrace. Commuting is a breeze with easy access to major highways and public transit.

    forest hill real estate inc.MLS® #W9419428


    Amenities

    Security System
    Guest Suites
    Rooftop Deck
    Visitor Parking
    Bike Storage
    Sauna

    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

    Nevis Condos vs The Mimico Area

    Days on Strata

    Units at Nevis Condos spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    5.6
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 80 Palace Pier Court

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$485,000 - $505,000No Data$650,000 - $900,000No DataNo Data
    Avg. Cost Per SqftNo Data$877No Data$811No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data308 Days1394 Days57 Days281 DaysNo Data
    Ratio of Units in Building1%22%2%58%16%4%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico