- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700–799sq ft
- Per sq ft
- $866at the range’s middle
- Tax a year
- $2,5552026 tax year
- Built
- 31-50
- Parking
- 11 underground
- Days on market
- Members
The brief
About 607-1 Palace Pier Crt
607-1 Palace Pier Crt is a 1-bedroom, 1-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $648,888 (MLS® W13638296).
Welcome To Suite 607 At 1 Palace Pier Court, Where Refined Waterfront Living Meets UnmatchedLuxury In One Of Toronto's Most Sought-After Condominium Communities. Perfectly Positioned Along The Shores Of Lake Ontario, This Beautifully Appointed Residence Offers An Exceptional Opportunity To Enjoy Resort-Style Living With World-Class Amenities And Outstanding Service. Inside, You'll Discover A Bright And Spacious Layout Designed For Both Everyday Comfort And Elegant Entertaining. Expansive Principal Rooms, Large Windows, And Quality Finishes Create A Warm Yet Sophisticated Atmosphere Throughout. A Standout Feature Of The Home Is The StunningSpa-Inspired Bathroom, Professionally Renovated With Floor-To-Ceiling Porcelain Tile, A Freestanding Soaker Tub, Premium Fixtures, And A Contemporary Design That Delivers A True Luxury Hotel Experience. Palace Place Is Renowned For Its First-Class Lifestyle, Offering Residents An Incredible Selection Of Amenities Including An Indoor Pool, Whirlpool, Sauna, Fully Equipped Fitness Centre, Squash Courts, Putting Green, Guest Suites, Library, Party And Meeting Rooms, Valet Service, Car Wash, Shuttle Service, And Beautifully Landscaped Grounds With Spectacular Lake Views. A Dedicated Concierge Team Provides Exceptional White-Glove Service And Security, Elevating Everyday Living To An Extraordinary Standard. Located Just Minutes From Downtown Toronto, Major Highways, Pearson Airport, Marinas, Waterfront Parks, Scenic Walking And Cycling Trails, Along With Outstanding Shopping, Dining, And Entertainment, This Is Luxury Living Without Compromise. Suite 607 Offers More Than An Exceptional Residence-It Presents An Opportunity To Enjoy One OfToronto's Most Exclusive Waterfront Lifestyles In A Building Celebrated For Its Prestige, Service, And Unrivalled Amenities.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall18/100−$1,766/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 49 condos with 1 bedroom 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
- $2,555 / 2026
- MLS® number
- W13638296
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 31-50
- Days on market
- Size
- 700-799 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 700-799 sqft
- Building Age
- 31-50
- Construction
- Metal/Side
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 5pc 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 Window Coverings, Stainless Steel, Fridge, Stove, Range/Microwave, Dishwasher, Brand New Top Of The Line Clothes Washer and Dryer.
- Condo maint.
- $992
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.66 × 5.69 m | Vinyl Floor, Window Flr to Ceil, Combined W/Dining | Main |
| Dining | 3.66 × 5.69 m | Vinyl Floor, Open Concept, Combined W/Living | Main |
| Kitchen | 2.77 × 2.64 m | Ceramic Floor, Stainless Steel Appl, Marble Counter | Main |
| Breakfast | 2.77 × 2.31 m | Ceramic Floor, Window Flr to Ceil, Combined W/Kitchen | Main |
| Primary | 3.73 × 3.53 m | Vinyl Floor, Large Window, Large Closet | Main |
Listing history
Buy/sell history for 607-1 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 | $648,888 | N/A | Ext | W13638296 |
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
- $129,778
- Total mortgage amount
- $519,110
- Total interest payment
- $369,190
- Total purchase cost
- $1,018,078
- Mortgage payment
- $2,961/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
68%Monthly carrying cost
$4,166- Rent $2,400
- Shortfall $1,766
Rental income opens at $2,400, the median asking rent of 49 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
- $9,453
- Toronto municipal land transfer tax
- $9,453
- Total land transfer tax
- $18,906
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $10,431
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 $648,888
- $4,978
- Ontario total
- $9,453
Toronto’s municipal tax uses the same brackets at this price, so it adds another $9,453.
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
- 233
- Median asking price
- $635K
- New in 7 days
- 22
- Price cuts
- 20%
Middle half: $540K to $799K
80 in 28 days
47 listings
This home is asking 2% above the median.
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
Similar Active Listings
Recently sold nearby
Sold prices in Mimico are shown to signed-in members.