$2.19M · 3 bed Condo Apartment · Mimico, Toronto

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About this home

Palace Pier. Can see right across the Lake and incredible view of downtown Toronto Skyline!. Over 3000 square feet with 2 Parking spots and a locker. Renovated!. Valet Parking and Great Amenities. Two Squash Courts, Gym, Games Room, Table Tennis, Spa and Restaurant. Some of the pictures were taken one year ago. **EXTRAS** All appliances and window coverings. Fireplace in Living Room and Ensuite Laundry.

Property details

MLS#

W12774100

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

3000-3249

Style

Apartment

Type

Condo Apartment

Year built

—

Building name: Palace Pier
Condo corp #: 382
Balcony: None
Locker: Owned
Association amenities: Concierge, Indoor Pool, Gym, Squash/Racquet Court, Tennis Court, Visitor Parking
Fees include: Heat Included, Water Included, Cable TV Included, Hydro Included, Common Elements Included, Parking Included, Building Insurance Included, CAC Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Water
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Parklawn and Lakeshore
Basement: None
Stories: 32
Utilities: —
Laundry: In-Suite Laundry
Interior: Bar Fridge, Primary Bedroom - Main Floor
Parking features: Underground

Level	Room	Dimensions
Flat	Foyer	2.9m × 6.19m
Flat	Kitchen	4.6m × 5.6m
Flat	Living Room	8.1m × 8.2m
Flat	Dining Room	4m × 6.2m
Flat	Primary Bedroom	5.7m × 6.5m
Flat	Bedroom	3m × 5.7m
Flat	Bedroom	3m × 5.7m

Level

Room

Dimensions

Flat

Foyer

2.9m × 6.19m

Flat

Kitchen

4.6m × 5.6m

Flat

Living Room

8.1m × 8.2m

Flat

Dining Room

4m × 6.2m

Flat

Primary Bedroom

5.7m × 6.5m

Flat

Bedroom

3m × 5.7m

Flat

Bedroom

3m × 5.7m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,188,000✓ $8,031 tax✓ Gas✓ 3000-3249 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$19,011/mo

incl. closing costs (yr 1)

Annual total

$228,127

year 1

Mortgage only

$8,301/mo

principal + interest

Beyond mortgage

$6,820/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$437,600

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$669/mo

Utilities

Hydro / electricity$120/mo

≈ $0.07/ft² × ~3,125 ft² · ON avg ~$120/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

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%$21,880/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)$321/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$41,175

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $99,607/yr

Property taxes22% $49,206/yr

Utilities2% $4,504/yr

Insurance & security1% $1,600/yr

Maintenance10% $21,880/yr

Condo fees20% $46,230/yr

Closing costs2% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$99,607	$8,301/mo
Government & taxes
Property tax	$8,031	$669/mo
Land transfer tax(closing)	$41,175	$3,431/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,444	$120/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$21,880	$1,823/mo
Condo fees
Condo / HOA fees	$46,230	$3,853/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	$228,127	$19,011/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 3305

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