Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

1 Palace Pier Court 607, Toronto, ON M8V 3W9

1 bed · 1 bath · 1 kitchen · 4 rooms · 1 parking space · 700-799 sq ft · Condo Apartment
$648,888

Utilities includedHeat · Hydro · Water · Central Air Conditioning

Also includedBuilding Insurance · Common Elements · Parking

Maintenance fee
$992 / month
Property tax
$2,555 / year
Included in the fee
Heat, Hydro, Water, CAC, Building Insurance, Common Elements, Parking

Welcome To Suite 607 At 1 Palace Pier Court, Where Refined Waterfront Living Meets UnmatchedLuxury In One Of Toronto's Most Sought-After Condominium Communities. Perfectly Positioned Along The Shores Of Lake Ontario, This Beautifully Appointed Residence Offers An Exceptional Opportunity To Enjoy Resort-Style Living With World-Class Amenities And Outstanding Service. Inside, You'll Discover A Bright And Spacious Layout Designed For Both Everyday Comfort And Elegant Entertaining. Expansive Principal Rooms, Large Windows, And Quality Finishes Create A Warm Yet Sophisticated Atmosphere Throughout. A Standout Feature Of The Home Is The StunningSpa-Inspired Bathroom, Professionally Renovated With Floor-To-Ceiling Porcelain Tile, A Freestanding Soaker Tub, Premium Fixtures, And A Contemporary Design That Delivers A True Luxury Hotel Experience. Palace Place Is Renowned For Its First-Class Lifestyle, Offering Residents An Incredible Selection Of Amenities Including An Indoor Pool, Whirlpool, Sauna, Fully Equipped Fitness Centre, Squash Courts, Putting Green, Guest Suites, Library, Party And Meeting Rooms, Valet Service, Car Wash, Shuttle Service, And Beautifully Landscaped Grounds With Spectacular Lake Views. A Dedicated Concierge Team Provides Exceptional White-Glove Service And Security, Elevating Everyday Living To An Extraordinary Standard. Located Just Minutes From Downtown Toronto, Major Highways, Pearson Airport, Marinas, Waterfront Parks, Scenic Walking And Cycling Trails, Along With Outstanding Shopping, Dining, And Entertainment, This Is Luxury Living Without Compromise. Suite 607 Offers More Than An Exceptional Residence-It Presents An Opportunity To Enjoy One OfToronto's Most Exclusive Waterfront Lifestyles In A Building Celebrated For Its Prestige, Service, And Unrivalled Amenities.

MLS number
W13638296
Type
Condo Apartment
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
M8V 3W9
Photos
46
Included in the fee
Heat, Hydro, Water, CAC, Building Insurance, Common Elements, Parking
38days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Étienne Brûlé Junior School7.9 / 10
Elementary · Regular Track
TDSB boundary
Lakeshore Collegiate Institute5.9 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Swansea Junior and Senior Junior and Senior Public School
Toronto DSB
Elementary1.4 km7.8 / 10
78% met the standard
St Mark Catholic School
Toronto CDSB
Elementary1.4 km5.9 / 10
59% met the standard
David Hornell Junior School
Toronto DSB
Elementary1.9 km6.8 / 10
68% met the standard · 3 of 6 measures
St Pius X Catholic School
Toronto CDSB
Elementary2.4 km8.2 / 10
82% met the standard
Park Lawn Junior and Middle School
Toronto DSB
Elementary2.0 km7.1 / 10
71% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Condo Apartments in Mimico875 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$594k$633k$672k20252026this home’s asking price
$612klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d18d36d20252026
28dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in mimico. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,556 people.

$107,000Median household income
80.8%Own their home
0%Detached houses
65Median age
45.5%Born outside Canada
52.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204675 — the few blocks around this address, home to 1,556 people. It describes the area, not this property.

1,556Population
60.2Average age
1.8Household size
$162,800Average household income
$107,000Median household income
81%Own their home
19%Rent
100%Condominiums
46%Born outside Canada
53%University degree
$1,034,000Average home value
9%Low income
17%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,999<1%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over35%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9999%
$200,000 and over14%

Percentages are of the 1,335 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$129,778 · minimum here is $39,889
$2,873.13per month
Borrowed before insurance$519,110
Total borrowed$519,110
Interest over 25 years at 4.5%$342,830

If you rented it out

-$4,078.05per month out of pocket
Rent$0.00
Everything it costs to hold$4,078.05
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 3 still in progress.

1978 LAKE SHORE BLVD W370 m
Under Review · applied April 26, 2022

Proposal for 698 dwelling units totaling 46,152 square metres of residential gross floor area and 146 square metres of retail space at grade. 250 parking spaces are provided in three levels of underground parking. Related to Rezoing 17 278471 WET 13 OZ

City planning file →
12 WINDERMERE AVE466 m
Under Review · applied May 20, 2021

Site Plan Approval for a 3-storey mixed-use building having a non-residential gross floor area of 198.34square metres, and a residential gross floor area of 341.46 square metres. A total of 3 residential units are proposed on the lot.

City planning file →
1978 LAKE SHORE BLVD W370 m
Council Approved · applied December 21, 2017

Proposed development of a mixed-use building with two towers, 21 and 26 storeys on a 3-6 storey base building, with a partial 7-storey element between the towers.

City planning file →
1926 LAKE SHORE BLVD W486 m
Closed · applied August 16, 2021

A Site Plan Application was submitted (16 270607 WET 13 SA) and the Notice of ApprovalConditions were issued on October 28, 2018. The Statement of Approval was issued on May 8,2019.…

City planning file →
1926 LAKE SHORE BLVD W486 m
Closed · applied July 26, 2021

Draft Plan of Condominium for 355 units.

City planning file →
1926 LAKE SHORE BLVD W486 m
Closed · applied July 26, 2021

Draft Plan of Condominium for 369 Dwelling Units.

City planning file →
1926 LAKE SHORE BLVD W486 m
Closed · applied December 23, 2016

Two tower elements on top of a nine storey building base, with a total building height of 38 storeys.

City planning file →
17 SOUTH KINGSWAY488 m
Closed · applied September 28, 2015

Proposal for a 3rd and 4th floor addtiion to existing 2 storey apartment building.

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by RIGHT AT HOME REALTY. Listing data provided by the Toronto Regional Real Estate Board.