1208-1 Palace Pier Crt
Mimico, Toronto, Ontario M8V 3W9
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $955at the range’s middle
- Tax a year
- $4,0192026 tax year
- Built
- 16-30
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1208-1 Palace Pier Crt
1208-1 Palace Pier Crt is a 2-bedroom, 2-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $1,049,900 (MLS® W14130444).
Waking up here feels less like home... and more like vacation! Experience next-level luxury in this tastefully renovated 2-bedroom, 2-bath suite at the prestigious Palace Place, Toronto's iconic waterfront residence. Close to1200sqft, this thoughtfully redesigned living space has over 200k in top-to-bottom upgrades and blends elegance, modern convenience, and smart technology. Highlights include fully integrated SMART home system: control lighting, climate & blinds right from your phone! Designer-selected hardwood flooring throughout, gourmet kitchen with custom built-in appliances, quartz counters, sleek cabinetry & breakfast island. Enjoy the spacious, open-concept layout with sun-filled living areas, 2 luxurious bathrooms with premium finishes and agenerous primary suite with spa-like ensuite and custom walk-in closet. Coveted parking and locker combo. Hotel-like 5 Star amenities includes: 24/7 concierge, valet parking, and doorman, private shuttle service to downtown Toronto, state-of-the-art gym, indoor pool, spa, sauna, tennis courts, guest suites, party rooms, library, convenient store and on-site restaurant **All-inclusive maintenance fees - covering utilities and premium services** Who needs a resort when your condo feels like one? Live where every day feels like a getaway.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$3,628/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 66 condos with 2 bedrooms for lease in Mimico right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,019 / 2026
- MLS® number
- W14130444
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 16-30
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Building Age
- 16-30
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 3pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All existing appliances, washer, dryer, all ELFs, all existing window coverings and blinds
- Condo maint.
- $1,453
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.14 × 4.92 m | hardwood floor, Pot Lights, Open Concept | Flat |
| Dining | 2.79 × 3.58 m | hardwood floor, Pot Lights, Open Concept | Flat |
| Kitchen | 2.95 × 3.78 m | hardwood floor, Pot Lights, Quartz Counter | Flat |
| Primary | 4.06 × 4.14 m | hardwood floor, 3 Pc Ensuite, W/I Closet | Flat |
| 2nd Br | 3.7 × 2.64 m | hardwood floor, 3 Pc Bath, B/I Closet | Flat |
| Office | 2.2 × 2.28 m | hardwood floor, Combined W/Living, Window | Flat |
Listing history
Buy/sell history for 1208-1 Palace Pier Crt, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,049,900 | N/A | For Sale | W14130444 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $209,980
- Total mortgage amount
- $839,920
- Total interest payment
- $597,080
- Total purchase cost
- $1,646,980
- Mortgage payment
- $4,790/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
81%Monthly carrying cost
$6,578- Rent $2,950
- Shortfall $3,628
Rental income opens at $2,950, the median asking rent of 66 comparable homes for lease in Mimico. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $17,473
- Toronto municipal land transfer tax
- $17,473
- Total land transfer tax
- $34,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $26,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,049,900
- $12,998
- Ontario total
- $17,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $17,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
ORBy-law
569-2013Municipality
Toronto1 Where this is written
Chapter 90, section 90.30 of By-law 569-2013
2 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 3 open development applications within 800 m of this home.
1978 LAKE SHORE BLVD WSite planUnder Review
Proposal for 698 dwelling units totaling 46,152 square metres of residential gross floor area and 146 square metres of retail space at grade. 250 parking spaces are provided in three levels of underground parking. Related to Rezoing 17 278471 WET 13 OZ
530 m away125 THE QUEENSWAYOfficial plan or zoning amendmentOMB Appeal
The re-designation of the Subject Lands will enable the proposed mixed-use development consisting of seven buildings ranging in height from 12-storeys to 50-storeys.
680 m away21 WINDERMERE AVESite planUnder Review
Site Plan Application regarding a 35-storey residential building with retail and community uses at-grade and a 20-storey residential building. The development includes 639 residential units, including rental replacement housing provided as rent-geared-to-income units, publicly-accessible space along the Queensway, and a shared servicing and pick-up and drop-off area accessed off Windermere Avenue which provides access to separate loading spaces for each building.
730 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Mimico right now
- For sale now
- 234
- Median asking price
- $642K
- New in 7 days
- 23
- Price cuts
- 20%
Middle half: $541K to $799K
81 in 28 days
47 listings
This home is asking 64% above the median, higher than three quarters of them.
See all homes in MimicoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2.1 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.2 km |
| High Park Station | TTC subway: Line 2 Bloor-Danforth | 2.5 km |
| Mimico GO | GO Transit train: Lakeshore West | 2.6 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Swansea Junior and Senior Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1.3 km | 79%Grade 6 average |
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.3 km | 61%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 1.3 km | 79%Grade 3 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.6 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 2.4 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.6 km | 81%Grade 9 math |
| The Student SchoolToronto DSB | Public · grades 9–12 | 2.7 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.5 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Mimico are shown to signed-in members.