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    2507 - 2045 Lake Shore Blvd W

    For SaleThe Palace Pier Condos
    $1,100,000
    2 Beds
    2 Bath
    1 Parking
    1,252 SQFT
    39 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,447/mth
    Taxes:
    $2,675 (2024)
    Cost Per Sqft:
    $879/sqft
    Locker:
    Owned
    Outdoor Space:
    Enclosed/Solarium
    Exposure:
    North West
    Possession Date:
    February 1, 2025
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Ground Source
    Heating
    Radiant

    Room Dimensions

    Foyer
    Hardwood Floor
    4.92 x 14.4ft
    Living
    Walkout To Balcony, Open Concept, Hardwood Floor
    14.47 x 15.85ft
    Dining
    Combined with Living, Pot Lights, Combined with Kitchen
    11.19 x 8.6ft

    About this Listing

    Welcome to the Luxurious Palace Pier, an iconic full-service building! Immerse yourself in carefree & luxurious Resort style living on the lake, on 9 acres of meticulously manicured gardens and patios, with Lake Ontario & Downtown Toronto as your backdrop. Embrace a luxurious lifestyle in this fully renovated, 2-bed, 2-bath dream condo - a unique gem in this building! Rare 10-ft ceilings, cozy Balcony and 6 elevators on this specific floor are just the start of what separates this unit from the rest! Your entrance is met with high-end finishes, no detail/expense spared, thoughtfully designed & curated. This turnkey residence features pot-lights & designer light fixtures on smart switches for convenience, top-of-the-line appliances, including a wine fridge for the wine aficionados! Beautiful engineered wood flooring throughout. Custom designer chef's kitchen with ample storage & under-cabinet lighting - open concept makes it the entertainer's dream, enjoy sunrises & sunsets from your living room or balcony! Striking Caesarstone counter with a waterfall edge, and matching backsplash! Recently professionally painted, this home features 9 ft four-panel doors & upgraded solid wood trim throughout! The bathrooms feature Toto tankless toilets, custom vanities, & stunning design. Two large bedrooms, with custom closet & walk-in, bring your belongings & start living! Full-sized ensuite laundry room is equipped with a large sink. Experience elegance and comfort in every corner of this immaculately renovated turn-key space, there is no work to be done here! Luxury amenities: salt water indoor pool/sauna, fitness centre, golf practice cage, squash/basketball/billiards/table tennis/tennis court, a roof-top sun deck, library, meeting/party room, restaurant, guest suites, spa, 24 hour concierge, shuttle bus. Direct access to major thoroughfares such as the Gardiner and Lake Shore Blvd, commuting is effortless, allowing you to seamlessly blend urban vibrancy with lakefront living!

    ExtrasAll Inclusive Maintenance Covering Cable And Internet Services, Heat, Hydro, Water & Tons Of Amenities. Please see amenities list in attachment. 1 parking spot, 2 lockers. Veloute Restaurant in building for fine dining experiences!

    right at home realtyMLS® #W9395317


    Amenities

    Rooftop Deck
    Squash Court
    Indoor Pool
    Party Room
    Indoor Parking
    Gym Room

    Explore Neighbourhood

    5/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    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.

    Similar Listings

    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    19%
    50 - 64
    23%
    65+
    20%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    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%

    Maintenance Fees

    The Palace Pier Condos vs The Mimico Area

    Days on Strata

    Units at The Palace Pier Condos spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mimico

    Turnover of Units

    On average, each unit is owned for
    16.2
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    49th
    Highest price per SQFT out of 57 condos in the Mimico area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    The Palace Pier Condos offers the
    ?
    best value out of 57 condos in the Mimico neighbourhood

    Appreciation Rank

    The Palace Pier Condos has the
    ?
    highest ROI out of 57 condos in the Mimico neighbourhood

    Rental Yield

    The Palace Pier Condos yields the
    ?
    highest rent prices out of 57 condos in the Mimico neighbourhood

    High Demand

    The Palace Pier Condos is the
    ?
    most popular building out of 57 condos in the Mimico neighbourhood

    Transaction Insights at 2045 Lake Shore Boulevard W

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$705,000$790,000 - $1,150,000$750,000 - $1,990,000$1,375,000 - $2,300,000$1,480,000
    Avg. Cost Per Sqft$644$661$617$661$460
    Avg. Wait for Unit Availability199 Days35 Days562 Days68 Days153 Days
    Ratio of Units in Building14%52%4%19%14%

    Transactions vs Inventory

    Total number of units listed and sold in Mimico