3507-2045 Lake Shore Blvd
Mimico, Toronto, Ontario M8V 2Z6
- Bedrooms
- 3+1
- Bathrooms
- 3
- Size
- 3,250–3,499sq ft
- Per sq ft
- $530at the range’s middle
- Tax a year
- $8,0342026 tax year
- Parking
- 22 underground
- Days on market
- Members
The brief
About 3507-2045 Lake Shore Blvd
3507-2045 Lake Shore Blvd is a 3+1-bedroom, 3-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $1,788,000 (MLS® W13820704).
Welcome to award-winning Palace Pier in the heart of Humber Bay Shores! Situated high above the waterfront on the 35th floor, this rarely available, exceptionally spacious 3,257 sf residence captures breathtaking panoramic views of Lake Ontario and the Toronto skyline through expansive, floor-to-ceiling windows in every principal room. This extraordinary suite showcases a massive combined living and dining room with marble floors, a striking stone water feature, andwalls of windows & an enclosed balcony overlooking the lake, a family-sized kitchen with white cabinetry and centre island, a coveted family room with built-ins and sweeping, unobstructed waterfront views, three generous bedrooms including a refined primary retreat with wall-to-wall windows framing the lake, an oversized walk-in closet, a private enclosed balcony and a 4-piece ensuite, a dedicated office with lake views and built-in bookshelves, a second full bathroom, a convenient powder room, ensuite laundry and multiple storage closets. Well maintained and comfortable to enjoy as it is, this suite also offers the opportunity to renovate and personalize to your taste. Two parking spaces and one locker included. Set on nine acres of land, Palace Pier is renowned for its state of the art amenities, including 24-hour concierge and security, valet parking, a complimentary private shuttle to Union Station and Sherway Gardens, indoor saltwater pool, hot tub, sauna, fitness and yoga studios, tennis and squash courts, golf simulator, putting green, rooftop entertaining space, party room, billiards room, guest suites and more! All-inclusive maintenance fees add to the convenience of waterfront living at Palace Pier. Steps to waterfront trails, parks, marinas, restaurants and cafes, with easy access to downtown Toronto, TTC and major highways. A distinctive waterfront residence offering impressive proportions, panoramic vistas and resort-style amenities in one of Toronto's most recognized condo residences.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall8/100−$6,630/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 homes with 4 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
- $8,034 / 2026
- MLS® number
- W13820704
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 3250-3499 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 3250-3499 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc Main, 1 × 2pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Extras
- See Schedule C
- Condo maint.
- $3,803
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 2.48 × 5.31 m | Tile Floor, Double Closet, 2 Pc Bath | Main |
| Living | 8.06 × 8.14 m | Combined W/Dining, Window Flr to Ceil, Overlook Water | Main |
| Dining | 8.06 × 8.14 m | Combined W/Living, B/I Shelves, Window Flr to Ceil | Main |
| Kitchen | 4.35 × 5.04 m | Tile Floor, Centre Island, Double Sink | Main |
| Family | 5.43 × 6.41 m | Window Flr to Ceil, B/I Shelves, Overlook Water | Main |
| Primary | 5.65 × 6.37 m | 4 Pc Ensuite, W/I Closet, Overlook Water | Main |
| 2nd Br | 3.22 × 5.55 m | Window Flr to Ceil, Overlook Water, Broadloom | Main |
| 3rd Br | 2.98 × 5.55 m | Double Closet, Window Flr to Ceil, Overlook Water | Main |
| Office | 3.81 × 4.13 m | B/I Shelves, Overlook Water, Broadloom | Main |
| Laundry | 1.64 × 2.21 m | Laundry Sink, B/I Shelves, Vinyl Floor | Main |
Listing history
Buy/sell history for 3507-2045 Lake Shore Blvd, 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 | $1,788,000 | N/A | For Sale | W13820704 |
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
- $357,600
- Total mortgage amount
- $1,430,400
- Total interest payment
- $1,017,000
- Total purchase cost
- $2,805,000
- Mortgage payment
- $8,158/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
85%Monthly carrying cost
$12,630- Rent $6,000
- Shortfall $6,630
Rental income opens at $6,000, the median asking rent of 5 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
- $32,235
- Toronto municipal land transfer tax
- $32,235
- Total land transfer tax
- $64,470
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $55,995
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 $1,788,000
- $27,760
- Ontario total
- $32,235
Toronto’s municipal tax uses the same brackets at this price, so it adds another $32,235.
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 1 building permit issued within 250 m in the last 2 years250 m
- Nearest airport: 5.6 km5.6 km
- Mapped parcel: about 205,310 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home2
- Nearest rail line: 210 m210 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — Humber Treatment Plant, 610 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.90 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
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
RA (x25)By-law
569-2013Municipality
Toronto1 x25
Site-specific exception 25: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(25)
3 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. 2 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
600 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.
660 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 179% 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 | 2.3 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Mimico GO | GO Transit train: Lakeshore West | 2.6 km |
| High Park Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.7 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 |
|---|---|---|---|
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.4 km | 61%Grade 6 average |
| Swansea Junior and Senior Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1.4 km | 79%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 1.4 km | 79%Grade 3 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.7 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 | 2.8 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.6 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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