$1,199,000

For sale

#2210 1 Palace Pier Court, Toronto (Mimico) - Single Family for Sale

#2210 1 Palace Pier Court, Toronto (Mimico), Ontario, M8V3W9

3 beds2 baths2 parking1,500 ft²$1,764/mo condo feeListed 12 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 12 days, fresher than the Toronto average of 57 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

**Experience Luxury Waterfront Living at Its Finest!** Welcome to the prestigious Palace Place, one of Toronto's most coveted waterfront residences in beautiful Humber Bay Shores! This stunning, renovated 2-bedroom plus den suite offers over 1,450 sq. ft. of elegant living space with breathtaking views of Lake Ontario, Toronto's iconic skyline and High Park's ever-changing seasonal colours. Flooded with natural light, the spacious living, dining and den areas provide the perfect setting for relaxing or entertaining. The beautifully appointed open-concept kitchen features stainless steel appliances, a high-capacity range hood and an oversized waterfall island with generous seating and storage. Ensuite locker provides plenty of storage and can be used as a dream walk-in pantry. **Move-in ready with 2 parking spaces!** Enjoy an exceptional resort-style lifestyle in this exclusive gated community, featuring all-inclusive maintenance fees, high-end concierge service, valet parking, shuttle service, fitness centre, indoor pool, hot tub, guest suites, BBQ area and mini golf. Steps to scenic waterfront trails, parks, marina, charming cafés, restaurants and seasonal farmers' markets. Whether enjoying an active lifestyle or peaceful lakeside strolls, Palace Place offers the perfect balance of luxury, convenience and tranquility. This is more than a home, it's an exemplary waterfront lifestyle! (id:66096)

Property Details

MLS®: W14111990
Property Type: Single Family
Zoning: R4
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 1,500 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $1,764/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Flat

Living room: 5.26 x 4.57 meters
Kitchen: 4.09 x 4.01 meters
Dining room: 2.46 x 4.01 meters
Den: 2.21 x 2.21 meters
Primary Bedroom: 3.76 x 5.87 meters
Bedroom: 2.77 x 5.11 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Window Coverings, Garage door opener remote(s)
Lot Features: Cul-de-sac, Guest Suite

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Toronto (Mimico) listings, avg age

57d

Price / ft²

$800

List price

$1.20M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Mimico) has been listed for 12 days, which is 45 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Listed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE · MICHAEL PHINNEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $1,199,000, about 15.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $234,207 (20% down, 25-yr amortization, stress-tested) — roughly 196% above the area median.

Median household income: $79,000
Population: 44,144
Median age: 40
Owner / renter: 49% / 51%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M8V)

$1,199,000· $800/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.91% · $94,900

Min 7.91%50%

Mortgage payment$6,121/mo

↳ CMHC premium ($44,164 capitalized)

Property tax (est.)$310/mo

Condo fee$1,764/mo

Total monthly$8,196

Cash Needed to Close

Down payment (7.91%)$94,900

Land transfer tax$40,910

Est. closing costs$6,097

Total cash needed$141,907

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator