$1.95M · 3 bed Condo Apartment · Mimico, Toronto

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About this home

Spacious 3,247 sq. ft residence on the 36th floor of the Luxurious Resort-Style Palace Pier showcasing breathtaking lake and city skyline views. Elegant wainscoting enhances the foyer and corridors, complemented by marble and porcelain flooring throughout. The open-concept kitchen features a marble peninsula, statement marble wall, and backsplash overlooking the breakfast area and family room with built-in wall unit. The great room offers a dining area, built-in bar, solarium with julitette balc…

Property details

MLS#

W12942446

Status

Buy Now

Beds

Baths

3 full, 0 half

Size

3000-3249

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Electric Car Charger, Public Transit, Waterfront, Marina

Fireplaces: 2
Fireplace features: Living Room

View: Lake, Marina, Skyline

Waterfront: Yes
Water view: Direct
Water body: Lake Ontario
Shoreline: Unknown
Waterfront features: Marina Services

Condo corp #: 382
Balcony: Juliette
Locker: Exclusive
Association amenities: Car Wash, Club House, Concierge, Exercise Room, Tennis Court, Indoor Pool
Fees include: Heat Included, Hydro Included, Cable TV Included, CAC Included, Water Included, Common Elements Included, Parking Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Water
Heating fuel: Gas
Cooling: Central Air
Exterior: Brick
Fronting on: —
Cross street: Park Lawn/Lakeshore Rd.
Basement: None
Stories: —
Utilities: —
Laundry: Ensuite
Interior: Bar Fridge, Countertop Range, Guest Accommodations
Parking features: —

Level	Room	Dimensions
Main	Kitchen	4.2m × 3.9m
Main	Family Room	6.2m × 4.9m
Main	Great Room	8.5m × 8.1m
Main	Laundry	2.8m × 2.3m
Main	Primary Bedroom	7.9m × 5.6m
Main	Other	1.3m × 4.2m
Main	Other	3.2m × 2.3m
Main	Bedroom 2	6.7m × 5.7m
Main	Bathroom	—
Main	Bathroom	—
Main	Bathroom	—

Level

Room

Dimensions

Main

Kitchen

4.2m × 3.9m

Main

Family Room

6.2m × 4.9m

Main

Great Room

8.5m × 8.1m

Main

Laundry

2.8m × 2.3m

Main

Primary Bedroom

7.9m × 5.6m

Main

Other

1.3m × 4.2m

Main

Other

3.2m × 2.3m

Main

Bedroom 2

6.7m × 5.7m

Main

Bathroom

—

Main

Bathroom

—

Main

Bathroom

—

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,950,000✓ $8,476 tax✓ Gas✓ 3000-3249 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$17,422/mo

incl. closing costs (yr 1)

Annual total

$209,068

year 1

Mortgage only

$7,398/mo

principal + interest

Beyond mortgage

$6,610/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$390,000

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

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$706/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%$19,500/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)$317/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$35,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $88,772/yr

Property taxes21% $43,951/yr

Utilities2% $4,504/yr

Insurance & security1% $1,600/yr

Maintenance9% $19,500/yr

Condo fees22% $45,641/yr

Closing costs2% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$88,772	$7,398/mo
Government & taxes
Property tax	$8,476	$706/mo
Land transfer tax(closing)	$35,475	$2,956/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%)	$19,500	$1,625/mo
Condo fees
Condo / HOA fees	$45,641	$3,803/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	$209,068	$17,422/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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