$488,500

For sale

#907 88 Palace Pier Court, Toronto (Mimico) - Single Family for Sale

#907 88 Palace Pier Court, Toronto (Mimico), Ontario, M8V4C2

1 bed1 bath1 parking650 ft²$801/mo condo feeListed 45 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $488,500, it is attractively priced about 25% below the $650,000 median asking price in Toronto. It has been on the market 45 days, fresher than the Toronto average of 58 days.

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Description

Welcome to 88 Palace Pier Court, Suite 907 one bedroom corner suite with 9 foot ceilings. Where waterfront living meets exceptional comfort and convenience. Enjoy the best of Etobicoke living in this beautifully maintained suite at the prestigious Palace Place community. Ideally situated along the waterfront, this bright and spacious residence offers an inviting open-concept layout with vinyl floors, generous living and dining areas, large windows, and an abundance of natural light. The well-appointed kitchen provides ample cabinetry and workspace, making it equally suited for everyday living and entertaining. The spacious primary bedroom offers vinyl floors and a comfortable retreat. Residents of Nevis enjoy an impressive range of amenities and services, creating a true resort-style lifestyle. Take advantage of the BBQ area, fitness facilities, indoor sauna, party and entertainment spaces, landscaped grounds, guest suites, and 24-hour concierge/security services. Perfectly positioned close to Lake Ontario, waterfront trails, parks, marinas, restaurants, shopping, and convenient access to downtown Toronto and major highways. Whether you're looking for a full-time residence, a convenient city retreat, or a sophisticated waterfront lifestyle, Suite 907 offers an excellent opportunity in one of Etobicoke's sought-after communities. A wonderful opportunity to experience waterfront condominium living at Nevis. (id:66096)

Property Details

MLS®: W13811992
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $801/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,309.61/yr
Listed: 45 days ago

Rooms

Main level

Kitchen: 3.15 x 3.05 meters
Living room: 6.2 x 3.3 meters
Primary Bedroom: 3.1 x 2.9 meters

Second level

Dining room: 6.2 x 3.3 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, Intercom, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Vinyl
Exterior: Concrete
Lot Features: Cul-de-sac, Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$752

List price

$489K

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 1-bed single family in Toronto (Mimico) has been listed for 45 days, which is 13 days fresher than the city average of 58. Act while there is still low competition.

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Listed by INTERCITY REALTY INC. · TONY MOZZONE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8V)

This home lists at $488,500, about 6.2× the local median household income of $79,000.

Carrying it typically needs a household income of about $95,421 (20% down, 25-yr amortization, stress-tested) — roughly 21% 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)

$488,500· $752/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,425

Min 5%50%

Mortgage payment$2,573/mo

↳ CMHC premium ($18,563 capitalized)

Property tax (est.)$192/mo

Condo fee$801/mo

Total monthly$3,566

Cash Needed to Close

Down payment (5%)$24,425

Land transfer tax$12,490

Est. closing costs$3,966

Total cash needed$40,881

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