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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $525,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Luxury waterfront living at the award-winning Palace Pier. This bright and spacious 920 sq. ft. 1-bedroom, 1-bath suite features a gallery entrance, open-concept living/dining area, hardwood floors, stainless steel appliances, and floor-to-ceiling windows with walkout to private balcony. Oversized bedroom layout offers exceptional comfort and functionality. Includes 1 Parking space and 1 Locker. Enjoy convenient access to the waterfront boardwalk, private coach service to Union Station every 30 minutes. Easy access to Bloor West Village, Mimico, High Park, The Kingsway, and major highways including the Gardiner, 427, DVP, QEW, and 401. Maintenance includes hydro, cable tv, internet, valet parking and more.
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Public Transit, Waterfront, Park, Part Cleared, Electric Car Charger, Hospital
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This could be the first listing for this address.
Data-driven valuation for 2045 Lake Shore Boulevard W 511, Toronto W06, ON M8V 2Z6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $525,000 in Toronto, the legal minimum down payment is $27,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,975 also applies, bringing the total estimated land transfer taxes to $13,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.