$1,070,000

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#602 1 Palace Pier Court, Toronto (Mimico) - Single Family for Sale

#602 1 Palace Pier Court, Toronto (Mimico), Ontario, M8V3W9

3 beds2 baths1 parking1,300 ft²$1,334/mo condo feeListed 134 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space.

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Description

Experience the pinnacle of Canadian waterfront living at Palace Place, a symbol of unmatched prestige and luxury. This immaculately managed condominium residence is a beacon of grandeur that impresses at every turn. This Two (2) Bedrooms + Den apartment of 1,204 square feet of inviting living space comes with a mesmerizing city skyline and serene lake views serve as a testament to its unique charm. Strategically located near Lake Shore Blvd West & Palace Pier Crt, in the heart of Etobicoke's vibrant Mimico neighborhood. Palace Place offers a wealth of amenities to enhance your lifestyle - a state-of-the-art gym/exercise room, a refreshing pool, concierge and guest suites, complemented by the luxury of a sauna, the assurance of a security guard, and the convenience of an Enter Phone System. Immerse yourself in the essence of sophisticated living at Palace Place. For your convenience, the building comes with a private Shuttle Bus Service to multiple locations in Toronto. Photos are virtually staged. (id:66096)

Property Details

MLS®: W13484066
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Waterfront: Yes
Condo Fee: $1,334/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking

Rooms

Flat

Foyer: 1.52 x 1.41 meters
Living room: 4.92 x 4.14 meters
Dining room: 3.64 x 2.85 meters
Den: 2.15 x 2.15 meters
Kitchen: 3.57 x 3.14 meters
Bathroom: 1.71 x 1.53 meters
Primary Bedroom: 4.23 x 4.16 meters
Bathroom: 2.76 x 2.71 meters
Bedroom: 3.02 x 3.01 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, Microwave, Blinds
Flooring: Tile, Hardwood, Vinyl
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

134d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$823

List price

$1.07M

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by AKARAT GROUP INC. · M. ABUSAA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $1,070,000, about 13.5× the local median household income of $79,000.

Carrying it typically needs a household income of about $209,008 (20% down, 25-yr amortization, stress-tested) — roughly 165% 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)

$1,070,000· $823/ft²

For sale

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Full Cost Breakdown

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Down Payment7.66% · $82,000

Min 7.66%50%

Mortgage payment$5,478/mo

↳ CMHC premium ($39,520 capitalized)

Property tax (est.)$335/mo

Condo fee$1,334/mo

Total monthly$7,147

Cash Needed to Close

Down payment (7.66%)$82,000

Land transfer tax$35,750

Est. closing costs$5,710

Total cash needed$123,460

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#602 1 Palace Pier Court, Toronto (Mimico) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M8V)

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Full Cost Breakdown