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Unit 1504 at Palace Pier

Sold

2045 Lake Shore Boulevard W 1504, Toronto W06, ON M8V 2Z6

MLS #W10433864

$1,105,000

Sold on January 15, 2025

January 15, 2025

Originally listed at $1,099,999 8 days on market

About This Property

Discover the pinnacle of luxury and urban convenience at Palace Pier, an iconic full-service residence situated on Toronto's stunning waterfront. Located on Lake Shore Blvd with close access to the Gardiner Expressway, this property offers seamless commuting alongside breathtaking views of Lake Ontario and Downtown Toronto. This fully renovated two-bedroom, three-bathroom condo has been meticulously designed with high-end finishes, including hardwood floors, a custom chefs kitchen with granite countertops, and stainless steel appliances. The open-concept living space is perfect for entertaining, while the expansive windows offer serene views of both sunrises and sunsets over the lake. Every detail of this home, from the modern custom bathrooms to the thoughtfully curated layout, redefines elegance and comfort. Palace Pier offers a wealth of world-class amenities, including an indoor pool, sauna, squash courts, basketball and tennis courts, a rooftop sundeck, a state-of-the-art fitness center, and wellness spa facilities. Residents also enjoy a billiards room, a library, and a gourmet on-site restaurant. Additional conveniences include executive meeting rooms, a party room, and beautifully manicured grounds, perfect for unwinding or exploring the nearby walking and biking trails along the waterfront. The building provides unparalleled services, such as a 24-hour concierge, valet parking, a complimentary shuttle to Union Station, a car wash, and guest suites for visitors. With an emphasis on luxury, comfort, and convenience, Palace Pier seamlessly blends Toronto's urban vibrancy with the tranquility of lakefront living.

Investment Analysis

Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($2283/mo) and property tax ($4,964/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$579/sqft
Mimico
$742/sqft-22%
Toronto W06
$715/sqft

Fair Market Price

Analysis based on 0 sales and 0 leases in this building. Unit size estimated at 1900 sqft.

Property Details

Bedrooms

2

Bathrooms

3

Square Feet

1800-1999 sqft

Property Type

Residential Condo & Other

ParkingYes
Parking TypeUnderground
LockerYes
Heating TypeRadiant
StyleApartment
Ensuite LaundryNo
Corp #TSCC-382
MLS Size1800-1999
Listed OnNov 20, 2024
Maintenance Fees$2,283/month
Property Tax$4,964/year

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Rooms

NameSize (m)Size (ft)Features
Living Room(Flat)---
Living Room(Flat)---
Kitchen(Flat)---
Kitchen(Flat)---
Dining Room(Flat)---
Dining Room(Flat)---
Sitting(Flat)---
Sitting(Flat)---
Primary Bedroom(Flat)---
Primary Bedroom(Flat)---
Bedroom 2(Flat)---
Bedroom 2(Flat)---

Room Dimensions Available

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Unit 1504 History

Complete transaction history for this unit

Leased

Leased: Jul 31, 2025

$4,700/mo

-$195 (-4.0%)

Listed: $4,8955 days on marketLease
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1 More Transactions Available

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Price History

Original List Price

$1,099,999

Listed on Nov 20, 2024

Sold Price

$1,105,000

Sold on Jan 15, 2025

+$5,001

0.5%

8 days on market

Price History Available

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Available For Sale in This Building

OQ

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OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NamePalace Pier
Address2045 Lake Shore Boulevard W, Toronto W06
Parking TypeUnderground

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About Unit 1504 at Palace Pier

Unit 1504 is a residential condo & other with 2 bedrooms, 3 bathrooms spanning approximately 1800-1999 square feet located at Palace Pier, 2045 Lake Shore Boulevard W, Toronto W06. This unit is currently sold (sold for $1105K).

About Palace Pier

Palace Pier is located at 2045 Lake Shore Boulevard W, Toronto W06. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Mimico Neighbourhood

This unit is located in Mimico, part of Toronto W06 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Palace Pier, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 1504 Palace Pier Toronto W06

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