$1,099,999
For sale: Apartment

THE VALUE EQUATION HAS CHANGED AT PALACE PIER. Offered at $1,099,000, this extraordinary approx. 2,777 sq. ft. residence represents remarkable value at approximately $395 per sq. ft. - an exceptional opportunity to own house-sized living within one of Toronto's iconic waterfront communities. Spanning two storeys, this beautifully appointed 3-bedroom, 3-bathroom residence offers something difficult to find in condominium living: space, separation and privacy. Two entrances, two balconies, generous principal rooms and an expansive layout create the feeling of a home, with the convenience and services of condominium living. The custom open-concept kitchen features an impressive wraparound quartz island, premium appliances and exceptional entertaining space. Hardwood-style flooring, enhanced ceiling lighting add warmth and sophistication throughout. The spacious primary bedroom retreat includes a large walk-in closet and luxurious 6-piece ensuite with soaker tub and glass shower. Enjoy northeast views across the surrounding parkland, High Park and Humber River area. And then there is the Palace Pier lifestyle. Maintenance fees of $1.11 per sq. ft. include heat, hydro, water, Bell Fibe high-speed internet, cable with free movie channels, plus an extraordinary collection of amenities: 24-hour concierge and security, valet parking, private shuttle service to downtown, indoor saltwater pool, fitness facilities, tennis, golf simulator, rooftop club/Sky Lounge, spa, onsite Premium Culinary restaurant, guest suites, car wash, EV charging, etc. Two side-by-side parking spaces and locker included. At $1,099,000, the opportunity is compelling: approximately 2,777 sq. ft. of waterfront-community living for approximately $395 per sq. ft. Luxury-sized space. Resort-style services. Exceptional value. Welcome to Suite 2904 at Palace Pier.
Sold data
Apartment homes in Toronto (Mimico) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 53, across 2,905 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.
The median sale price was $569,999.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 2,905 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Mimico) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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