$1.95M · 4 bed Condo Apartment · Mimico, Toronto

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About this home

Waterfront luxury reaches new heights at the prestigious Palace Pier. This spectacular, 4 bedroom residence in the coveted South Wing offers approximately 3,595 sq. ft. of exquisitely designed living space with breathtaking panoramic Lake Ontario, Toronto skyline, and western sunset views. Professionally designed and renovated by renowned designer Brian Gluckstein and featured on The Marilyn Denis Show, this one-of-a-kind suite. Every detail reflects timeless sophistication, from the extensive c…

Property details

MLS#

W13118134

Status

Buy Now

Beds

Baths

4 full, 0 half

Size

3500-3749

Style

1 Storey/Apt

Type

Condo Apartment

Year built

—

Water view: Direct
Water body: Lake Ontario

Building name: Palace Pier
Condo corp #: 382
Balcony: None
Locker: Owned
Fees include: Heat Included, Hydro Included, Building Insurance Included, Cable TV Included, Common Elements Included, Parking Included, Water Included, CAC Included
Pets: Yes-with Restrictions

Garage: 3-car Underground
Garage spaces: 3
Parking: 3 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Exterior: Brick, Concrete
Fronting on: —
Cross street: Lake Shore Blvd & Palace Pier Crt
Basement: None
Stories: 40
Utilities: —
Laundry: Ensuite
Interior: Bar Fridge
Parking features: Underground

Level	Room	Dimensions
Flat	Foyer	2.4m × 6.82m
Flat	Living Room	7.95m × 8.29m
Flat	Dining Room	6.04m × 9.71m
Flat	Family Room	3.9m × 6.3m
Flat	Kitchen	4.26m × 5m
Flat	Office	2.6m × 3.3m
Flat	Primary Bedroom	4.41m × 6.52m
Flat	Bedroom 2	3.13m × 5.21m
Flat	Bedroom 3	3.13m × 5.21m
Flat	Bedroom 4	3.5m × 8.2m

Level

Room

Dimensions

Flat

Foyer

2.4m × 6.82m

Flat

Living Room

7.95m × 8.29m

Flat

Dining Room

6.04m × 9.71m

Flat

Family Room

3.9m × 6.3m

Flat

Kitchen

4.26m × 5m

Flat

Office

2.6m × 3.3m

Flat

Primary Bedroom

4.41m × 6.52m

Flat

Bedroom 2

3.13m × 5.21m

Flat

Bedroom 3

3.13m × 5.21m

Flat

Bedroom 4

3.5m × 8.2m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,950,000✓ $8,860 tax✓ Gas✓ 3500-3749 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$18,052/mo

incl. closing costs (yr 1)

Annual total

$216,629

year 1

Mortgage only

$7,398/mo

principal + interest

Beyond mortgage

$7,240/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$738/mo

Utilities

Hydro / electricity$140/mo

≈ $0.07/ft² × ~3,625 ft² · ON avg ~$140/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)$365/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)41% $88,772/yr

Property taxes20% $44,335/yr

Utilities2% $4,735/yr

Insurance & security1% $1,600/yr

Maintenance9% $19,500/yr

Condo fees24% $52,587/yr

Closing costs2% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$88,772	$7,398/mo
Government & taxes
Property tax	$8,860	$738/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	$1,675	$140/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	$52,587	$4,382/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	$216,629	$18,052/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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