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    1504 - 2045 Lake Shore Blvd W

    For RentThe Palace Pier Condos
    $4,850/mth
    2 Beds + 1
    3 Bath
    2 Parking
    1,800 SQFT
    11 Days on Strata
    Est Lease Timeframe
    24 Days

    Listing History

    Unit Highlights

    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    Yes
    Outdoor Space:
    None
    Furnished:
    No
    Exposure:
    South West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Water

    Room Dimensions

    Living
    Overlooks Water, Combined with Kitchen, Hardwood Floor
    0 x 0ft
    Kitchen
    Eat-In Kitchen, Stainless Steel Appliances, Hardwood Floor
    0 x 0ft
    Dining
    Built-in Shelves, Combined with Living, Hardwood Floor
    0 x 0ft

    About this Listing

    RARE OPPORTUNITY! Welcome to the luxurious and renowned Palace Pier in Toronto's Humber Bay Shores. This bright and modern 2 bedroom + solarium, 3-bath suite has been fully renovated with high-end finishes offering elegance and tranquility. Expansive windows stretching across each room frame astonishing views of Lake Ontario and the surrounding community while filling each room with an abundance of natural light. Suites with this spacious floor plan and square footage are seldom offered for lease in the Palace Pier, making this a rare chance to experience the best of waterfront living. Step into the open-concept living space where sleek cabinetry and premium appliances add both style and convenience. The generous-sized primary bedroom includes ample built-in closet space, ensuring a tidy and organized retreat. Whether you're a working professional, a couple, or a growing family, this suite offers the comfort and flexibility you need. Palace Pier is known for its welcoming, secure atmosphere and top-tier amenities. Enjoy the convenience of valet parking, the peace of mind of a 24-hour concierge, and the delight of an on-site restaurant. Take advantage of multiple daily shuttles to and from Union Station, perfect for stress-free commuting. Other resort-style features, such as an indoor pool, outdoor tennis court, fitness centre, and a penthouse-level party lounge with a panoramic terrace, let you experience a vacation lifestyle without ever leaving home. Surrounded by parks, walking trails, and the beautiful shoreline, this location seamlessly blends nature with city convenience. Downtown Toronto is just a short drive away, making it easy to reach business centres, dining, and entertainment. Don't miss this once-in-a-lifetime chance to call Palace Pier home! Come see it today and discover why living here is truly something special.

    Extras24-hour security, squash court, billiards room, visitor suites, library, outdoor BBQ area, sauna room, convenience store. A full list of building amenities can be found by visiting http://PalacePier.com/AmenitiesAndServices

    forest hill real estate inc.MLS® #W11932365


    Amenities

    Party Room
    Concierge
    Tennis Court
    Indoor Pool
    Visitor Parking
    Squash Court

    Explore Neighbourhood

    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 Listings

    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
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    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

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    46th
    Highest price per SQFT out of 62 condos in the Mimico area

    Sold Units

    21
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    The Palace Pier Condos offers the
    ?
    best value out of 62 condos in the Mimico neighbourhood

    Appreciation Rank

    The Palace Pier Condos has the
    ?
    highest ROI out of 62 condos in the Mimico neighbourhood

    Rental Yield

    The Palace Pier Condos yields the
    ?
    highest rent prices out of 62 condos in the Mimico neighbourhood

    High Demand

    The Palace Pier Condos is the
    ?
    most popular building out of 62 condos in the Mimico neighbourhood

    Transaction Insights at 2045 Lake Shore Boulevard W

    1 Bed2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$540,000 - $705,000$775,000 - $1,150,000$750,000 - $1,990,000$1,375,000 - $2,300,000$1,480,000
    Avg. Cost Per Sqft$619$602$652$661$460
    Avg. Wait for Unit Availability199 Days35 Days587 Days77 Days133 Days
    Ratio of Units in Building14%52%4%18%15%

    Transactions vs Inventory

    Total number of units listed and leased in Mimico