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    2045 Lake Shore Boulevard W

    The Palace Pier Condos
    13for Sale
    5for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    45
    Number of Units:
    433
    Condo Completion:
    1978
    Condo Demand:
    Medium
    Unit Size Range:
    886 - 6,470 SQFT
    Unit Availability:
    Medium

    Listing History for The Palace Pier Condos

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    Amenities

    Indoor Pool
    Party Room
    Visitor Parking
    Concierge
    Gym Room
    Squash Court

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    About 2045 Lake Shore Boulevard WThe Palace Pier Condos

    Anyone who’s seeking a Toronto condo for sale should definitely consider The Palace Pier Condos at 2045 Lake Shore Boulevard W. Bramalea Limited completed this building back in 1978, but unlike other buildings of that age, maintenance fees are actually quite high at $1.17 per-square-foot. The building is 45 storeys tall and is home to 433 suites. Units start at 886 square feet on the low end, and can go up to 6470 square feet.

    Maintenance fees at 2045 Lake Shore Boulevard W are $1.17 per-square-foot, which is significantly higher than the city average of about $0.67, however the maintenance fees do include all utilities, making them a bit more reasonable (usually at least hydro is separate).

    The Suites

    On average, units at 2045 Lake Shore Boulevard W sell 0.96% above the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). Units here are among the most affordable in the area with an average cost per-square-foot of $555 (based on past 12 months of sales). Units typically sell with 23 days on market on average. Over the past 12 months, 18 have sold and 7 have been rented out.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Pier Food Shoppe, Rustic Social House and Bento Sushi are all within 10 minutes walking distance from 2045 Lake Shore Boulevard W. If you enjoy grabbing coffee locally, then you’ll love the fact that you can walk less than 11 minutes to get to Tim Hortons, Cafe Cocoa Boulangerie and Gravity Pizza Cafe & Starbucks.

    There are a number of grocery stores within a short drive, including Sobeys Queensway, Rabba Fine Foods and Metro.

    There are a number of banks within a short drive, including BMO Bank of Montreal ATM and BMO Bank of Montreal for all your investment needs.

    There are plenty of parks nearby to keep your family busy, including Palace Pier Park and Rocky Point Lookout, which are less than 7 minutes away by foot.

    Like to shop? Everything you need is close by when you live at 2045 Lake Shore Boulevard W, including Loulou, Rockwood plaza and Westlake Village which are only 3 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Studio Connect (Painting Studio / Art Gallery), Artistic Impressions Canada Inc and Norman Felix Gallery Administrative Office less than a 4-minute drive away will give you a lift.

    The Palace Pier Condos is a short drive away from Park Lawn Junior Middle School, giving you plenty of choice for your child’s education.

    Transportation

    If you commute by public transit then the Mimico neighbourhood is a great choice, as you’ll find the Lake Shore Blvd West At Palace Pier Crt light transit stop makes it easy to get around. Those who live in the area can easily drive to Jane, just 6 minutes from the building.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 80 Palace Pier Court, 2067 Lake Shore Boulevard W and 1 Palace Pier Court.

    Reviews for The Palace Pier Condos

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    13

    Listings For Sale

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    5

    Listings For Rent

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    Explore Mimico

    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 condos

    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%

    Unit Sales vs Inventory

    Total number of units listed and sold in Mimico