$2,199,000

$2,375,000For salePrice drop↓ $176,000 (7%)

#3801 1 Palace Pier Court, Toronto (Mimico) - Single Family for Sale

#3801 1 Palace Pier Court, Toronto (Mimico), Ontario, M8V3W9

3 beds3 baths2 parking2,875 ft²$3,384/mo condo feeListed 37 days ago

Overview

This 3-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 2,875 sq ft of space. It has been on the market 37 days, fresher than the Toronto average of 57 days.

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Description

Find out why Palace Place is the better building. Elevated living and classical elegance captivatingly merged without compromise. Suite 3801 is a palatial condominium residence, with approximately 2,836 square feet of luxury living space, 3-bedrooms, and the most enchanting views of the lake, the city skyline, and High Park. This spectacular residence has been thoughtfully built using the finest materials, refined finishes, one-of-a-kind details, and quality craftsmanship that have been beautifully combined to create timeless appeal. Palace Place is Toronto's most luxurious waterfront condominium residence. Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and 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. *The all-inclusive fees are among the lowest in the area, yet they include the most. **2 Parking spots and 2 lockers** (id:66096)

Property Details

MLS®: W13835612
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,875 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground, Tandem
Pool: Yes
Waterfront: Yes
Condo Fee: $3,384/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Other

Living room: 6.71 x 8.55 meters
Dining room: 3.36 x 7.03 meters
Kitchen: 2.77 x 4.58 meters
Eating area: 2.76 x 3.06 meters
Primary Bedroom: 6.71 x 4.89 meters
Sunroom: 2.15 x 2.15 meters
Bedroom 2: 3.06 x 4.57 meters
Bedroom 3: 3.07 x 4.29 meters
Solarium: 2.15 x 2.15 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, Oven, Dryer, Microwave, Cooktop, Blinds
Flooring: Hardwood
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Toronto (Mimico) listings, avg age

57d

Price / ft²

$765

List price

$2.20M

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 37 days, which is 20 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · LUKE DALINDA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $2,199,000, about 27.8× the local median household income of $79,000.

Carrying it typically needs a household income of about $429,542 (20% down, 25-yr amortization, stress-tested) — roughly 444% 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)

$2,199,000· $765/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $439,800

Min 20%50%

Mortgage payment$9,378/mo

Property tax (est.)$783/mo

Condo fee$3,384/mo

Total monthly$13,546

Cash Needed to Close

Down payment (20%)$439,800

Land transfer tax$82,900

Est. closing costs$9,097

Total cash needed$531,797

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