Maintenance Fees
Palace Place Condos vs The Mimico Area
for sale
10 Days on Strata
- Est Sell Timeframe:
- 22 Days
3101 - 1 Palace Pier Crt
$2,300,000
3 Beds
3 Bath
2 Parking
2,836 SQFT
Price History
- Maintenance Fees:
- $3,097/mth
- Taxes:
- $8,691 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $811/sqft
- Outdoor Space:
- None
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- South East
Amenities
Concierge
Guest Suites
Gym
Indoor Pool
Party Room
Squash Court
About this Listing
Suite 3101 is a stunning, 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. 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.
ExtrasAll appliances, light fixtures, and window coverings. *Special To Palace Place: Rogers Ignite Internet Only $26/Mo (Retail: $119.99/M).
royal lepage real estate services ltd.MLS® #W12539516
Utilities & Inclusions
- Hydro
- Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 22.02 x 28.05ft
- Overlooks Water, hardwood floor
- Dining
- 11.02 x 23.07ft
- Overlooks Water, hardwood floor
- Kitchen
- 9.09 x 15.03ft
- Overlooks Water
- Bedroomeakfast
- 9.06 x 10.04ft
- Overlooks Water
- Primary
- 22.02 x 16.04ft
- Overlooks Water, hardwood floor
- Sunroom
- 7.05 x 7.05ft
- Overlooks Water
- 2nd Bedroom
- 10.04 x 14.99ft
- Hardwood Floor
- 3rd Bedroom
- 10.07 x 14.08ft
- Hardwood Floor
- Solarium
- 7.05 x 7.05ft
- Hardwood Floor
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Explore Mimico
Map
4/10
Walkability
Halfway to a walker's paradise, you might want to invest in a hoverboard.
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.
Mortgage Calculator
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
Household Income
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%
Building Trends At Palace Place Condos
Days on Strata
Units at Palace Place Condos spend an average of
52
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
7%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Mimico
Turnover of Units
On average, each unit is owned for
8.5
YEARS before being sold againProperty Value
-3%
Decrease in property value within the past twelve months
Price Ranking
30th
Highest price per SQFT out of 62 condos in the Mimico area
Sold Units
15
Units were Sold over the past twelve months
Rented Units
22
Units were Rented over the past twelve months
Best Value Rank
Palace Place Condos offers the best value out of 62 condos in the Mimico neighbourhood
?
Appreciation Rank
Palace Place Condos has the highest ROI out of 62 condos in the Mimico neighbourhood
?
Rental Yield
Palace Place Condos yields the highest rent prices out of 62 condos in the Mimico neighbourhood
?
High Demand
Palace Place Condos is the most popular building out of 62 condos in the Mimico neighbourhood
?
Market Insights
Transaction Insights at Palace Place Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $607,000 - $625,000 | No Data | $900,000 - $1,830,000 | $904,900 - $1,000,000 | No Data | $2,200,000 |
| Avg. Cost Per Sqft | $823 | No Data | $891 | $770 | No Data | $792 |
| Price Range | $2,900 - $3,600 | $2,650 | $3,500 - $5,600 | $3,650 - $4,500 | $7,650 | No Data |
| Avg. Wait for Unit Availability | 75 Days | 206 Days | 33 Days | 171 Days | 223 Days | No Data |
| Avg. Wait for Unit Availability | 100 Days | 223 Days | 51 Days | 187 Days | 290 Days | No Data |
| Ratio of Units in Building | 23% | 9% | 53% | 13% | 5% | 1% |
Market Inventory
Total number of units listed and sold in Mimico
