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$689K · 1 bed Condo Apartment · Mimico, Toronto | MyPropertyScout

$689,000

Unit 607

27 DOM

1127d

Map

DOM 27

$689,000

F●●●○○DOM27days

Unit 607

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

MLS® W13235294 · Mimico · M8V 3W9

11OwnerOccupied700-799 ft²Condo Apartment1-car Underground27d$919/ft²$2,555 tax/yrBuilt 198541 yrs old

21% above market · 27 days on market

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

About this home

Welcome To Suite 607 At 1 Palace Pier Court, An Exquisite Residence Nestled Within One Of Toronto's Most Prestigious Waterfront Addresses. Offering A Rare Blend Of Sophisticated Design, Resort-Inspired Amenities, And An Unparalleled Lakeside Lifestyle, This Stunning Suite Presents A Unique Opportunity To Experience Luxury Living At Its Finest. From The Moment You Enter, You Are Greeted By An Elegant And Thoughtfully Designed Interior Featuring Spacious Principal Rooms, Refined Finishes, And An A…

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Property details

MLS#: W13235294
Status: Buy Now
Beds: 1
Baths: 1 full, 0 half
Size: 700-799
Style: Apartment
Type: Condo Apartment
Year built: —

Property features: Golf, Hospital, Public Transit, Marina, Lake/Pond, Cul de Sac/Dead End

Water body: Lake Ontario

Building name: Palace Place
Condo corp #: 1053
Balcony: None
Locker: None
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Building Insurance Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Exterior: Metal/Steel Siding, Concrete
Fronting on: —
Cross street: Parklawn & Lake Shore Blvd W
Basement: None
Stories: 6
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Rooms

Level	Room	Dimensions
Main	Living Room	3.66m × 5.69m
Main	Dining Room	3.66m × 5.69m
Main	Kitchen	2.77m × 2.64m
Main	Breakfast	2.77m × 2.31m
Main	Primary Bedroom	3.73m × 3.53m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RIGHT AT HOME REALTY

Source: TRREB/PROPTX · MLS® W13235294

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$689K

Unit 607 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $689,000✓ $2,555 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,136/mo

incl. closing costs (yr 1)

Annual total

$73,627

year 1

Mortgage only

$2,614/mo

principal + interest

Beyond mortgage

$2,209/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$137,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$213/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 ft² · ON avg ~$75/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%$6,890/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)$83/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$10,255

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $31,366/yr

Property taxes17% $12,810/yr

Utilities5% $3,960/yr

Insurance & security2% $1,600/yr

Maintenance9% $6,890/yr

Condo fees16% $11,900/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)	$31,366	$2,614/mo
Government & taxes
Property tax	$2,555	$213/mo
Land transfer tax(closing)	$10,255	$855/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,890	$574/mo
Condo fees
Condo / HOA fees	$11,900	$992/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	$73,627	$6,136/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 607

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs