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$679K · 1+1 bed Condo Apartment · Mimico, Toronto | MyPropertyScout

$678,500

Unit 2812

200 DOM

1+11200d

Map

⚡ Insider Deal

DOM 200

↓ $120,500Price Reduced

$678,500

F●●●○○DOM200days

Unit 2812

Palace Place · 1 Palace Pier Court · Toronto · Ontario M8V 3W9

MLS® W12628994 · Mimico · M8V 3W9

1+11OwnerOccupied800-899 ft²Condo Apartment1-car Underground200d$799/ft²$2,339 tax/yr

13% above market · 200 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Thoughtfully designed to maximize space! Suite 2812 is a stunning condominium residence, with approximately 813 square feet of living space, 1+1-bedroom, and beautiful Humber River and Swansea Village views. Palace Place is Toronto's most luxurious waterfront condominium residence. Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and one of the only condominiums in Toro…

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Property details

MLS#: W12628994
Status: Buy Now
Beds: 1+1
Baths: 1 full, 0 half
Size: 800-899
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Waterfront, Park, Public Transit, Clear View

Building name: Palace Place
Condo corp #: 1053
Balcony: None
Locker: Owned
Association amenities: Concierge, Guest Suites, Gym, Indoor Pool, Party Room/Meeting Room, Squash/Racquet Court
Fees include: Heat Included, Hydro Included, Water Included, Cable TV Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Other
Fronting on: —
Cross street: Lake Shore/Palace Pier
Basement: None
Stories: 27
Utilities: —
Laundry: In-Suite Laundry
Interior: Other
Parking features: —

Rooms

Level	Room	Dimensions
—	Living Room	6m × 3.07m
—	Dining Room	6m × 3.07m
—	Kitchen	3.65m × 3.07m
—	Primary Bedroom	3.68m × 3.13m
—	Sunroom	2.16m × 2.77m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® W12628994

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$679K

Unit 2812 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $678,500✓ $2,339 tax✓ Electric✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,938/mo

incl. closing costs (yr 1)

Annual total

$71,261

year 1

Mortgage only

$2,574/mo

principal + interest

Beyond mortgage

$2,069/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$135,700

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$195/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~850 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,785/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$84/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,045

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $30,888/yr

Property taxes17% $12,384/yr

Utilities3% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance10% $6,785/yr

Condo fees17% $12,044/yr

Closing costs7% $5,100/yr

Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$30,888	$2,574/mo
Government & taxes
Property tax	$2,339	$195/mo
Land transfer tax(closing)	$10,045	$837/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,785	$565/mo
Condo fees
Condo / HOA fees	$12,044	$1,004/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$71,261	$5,938/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 2812

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs