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$1.20M · 2 bed Condo Apartment · Mimico, Toronto | MyPropertyScout

$1,199,000

Unit 309

87 DOM

2287d

Map

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DOM 87

↓ $100,000Price Reduced

$1,199,000

DOM87days

Unit 309

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

MLS® W12957174 · Mimico · M8V 3W9

22OwnerOccupied1200-1399 ft²Condo Apartment1-car Underground87d$923/ft²$4,080 tax/yr

Neighbourhood Range

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About this home

Suite 309 is an exquisite condominium residence, with 1,388 square feet of luxury living space, 2-bedrooms, and captivating views of the lake, lush grounds, and beautiful sunsets. This suite has been impeccably renovated featuring stunning wood floors, an elegant open kitchen, a stately fireplace, new washrooms, and smooth ceilings. *Palace Place is Toronto's most luxurious waterfront condominium residence. *Palace Place defines luxury from offering high-end finishes and appointments to a full s…

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Property details

MLS#: W12957174
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 1200-1399
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Waterfront, Park, Public Transit

Fireplaces: 1
Fireplace features: Electric

Building name: Palace Place
Condo corp #: 1053
Balcony: None
Locker: Owned
Association amenities: Party Room/Meeting Room, Guest Suites, Concierge, Gym, Indoor Pool, 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
Waterfront: No
Exterior: Other
Fronting on: —
Cross street: Lake Shore/Palace Pier
Basement: None
Stories: 3
Utilities: —
Laundry: In-Suite Laundry
Interior: Other
Parking features: Underground

Rooms

Level	Room	Dimensions
—	Living Room	4.51m × 5.45m
—	Dining Room	3.35m × 3.59m
—	Kitchen	3.35m × 3.26m
—	Primary Bedroom	3.65m × 4.96m
—	Bedroom 2	2.77m × 4.63m
—	Solarium	2.31m × 2.31m

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® W12957174

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$1.20M

Unit 309 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,199,000✓ $4,080 tax✓ Electric✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,040/mo

incl. closing costs (yr 1)

Annual total

$120,486

year 1

Mortgage only

$4,549/mo

principal + interest

Beyond mortgage

$3,329/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$239,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$340/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,300 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%$11,990/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)$140/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$20,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)45% $54,584/yr

Property taxes20% $24,535/yr

Utilities2% $2,460/yr

Insurance & security1% $1,600/yr

Maintenance10% $11,990/yr

Condo fees17% $20,217/yr

Closing costs4% $5,100/yr

Mortgage is 45% of your true cost of ownership. The other 55% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$54,584	$4,549/mo
Government & taxes
Property tax	$4,080	$340/mo
Land transfer tax(closing)	$20,455	$1,705/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%)	$11,990	$999/mo
Condo fees
Condo / HOA fees	$20,217	$1,685/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	$120,486	$10,040/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 309

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs