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New3 hours ago

2904 - 2045 Lake Shore Boulevard W

Mimico, Toronto

$1,099,999

Condo Apartment |
3 | 3 | 2 | 1
About this home

THE VALUE EQUATION HAS CHANGED AT PALACE PIER. Offered at $1,099,000, this extraordinary approx. 2,777 sq. ft. residence represents remarkable value at approximately $395 per sq. ft. - an exceptional opportunity to own house-sized living within one of Toronto's iconic waterfront communities. Spanning two storeys, this beautifully appointed 3-bedroom, 3-bathroom residence offers something difficult to find in condominium living: space, separation and privacy. Two entrances, two balconies, generous principal rooms and an expansive layout create the feeling of a home, with the convenience and services of condominium living. The custom open-concept kitchen features an impressive wraparound quartz island, premium appliances and exceptional entertaining space. Hardwood-style flooring, enhanced ceiling lighting add warmth and sophistication throughout. The spacious primary bedroom retreat includes a large walk-in closet and luxurious 6-piece ensuite with soaker tub and glass shower. Enjoy northeast views across the surrounding parkland, High Park and Humber River area. And then there is the Palace Pier lifestyle. Maintenance fees of $1.11 per sq. ft. include heat, hydro, water, Bell Fibe high-speed internet, cable with free movie channels, plus an extraordinary collection of amenities: 24-hour concierge and security, valet parking, private shuttle service to downtown, indoor saltwater pool, fitness facilities, tennis, golf simulator, rooftop club/Sky Lounge, spa, onsite Premium Culinary restaurant, guest suites, car wash, EV charging, etc. Two side-by-side parking spaces and locker included. At $1,099,000, the opportunity is compelling: approximately 2,777 sq. ft. of waterfront-community living for approximately $395 per sq. ft. Luxury-sized space. Resort-style services. Exceptional value. Welcome to Suite 2904 at Palace Pier.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style2-Storey
Approx. AgeNot available
Size2750-2999 sq. ft.
Maintenance Fees$3,105
LockerOwned
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$5,693
mls© NumberW13751948
Listed ByROYAL LEPAGE SIGNATURE REALTY
Building Insurance Included
Common Elements Included
Cable TV Included
Water Included
Parking Included
Heat Included
Hydro Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,630
Property tax
$474
Heat allowance
$150
Condo fees, half counted
$1,552
Housing costs
$7,807 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $220,000
25-yr amortization

Income needed

$240,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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