Palace Place

Palace Place is a striking high-rise condo located at the southeast corner of Lakeshore Boulevard West and Palace Pier Court, right on the Humber River. Completed in 1993 by Bramalea Limited, this waterfront address in Etobicoke’s Mimico neighbourhood offers both city convenience and scenic views. Notably, premium units feature lakefront vistas and command higher prices.

Location & Lifestyle

Palace Place provides residents with easy access to parks, walking trails, and the waterfront. Additionally, it is close to downtown Toronto, making commuting simple. For example, bus service to Union Station runs directly from the building. Its location is perfect for anyone who wants a balance of urban living and nature.

Building & Amenities

The 44-storey tower houses 504 suites ranging from 350 to 2,894 sq ft. Moreover, residents enjoy a full range of amenities, including a gym, swimming pool, sauna, squash courts, party room, concierge, security services, and guest suites. Valet parking is also available, and the in-house convenience store adds extra practicality.

Monthly maintenance fees cover heat, hydro, water, and common element maintenance, giving residents peace of mind.

The Suites

Palace Place offers suites for a variety of lifestyles. For instance, one-bedroom units suit singles or couples, while larger multi-bedroom homes accommodate families. Many units have floor-to-ceiling windows, filling open-concept layouts with natural light. Furthermore, premium lake-view units include balconies or terraces, ideal for enjoying waterfront scenery.

Market Overview

Over the past 12 months, units at 1 Palace Pier Court sold for an average of $744 per square foot, often closing 6.58% below listing price. Suites spend about 44 days on the market. In the past year, 20 units were rented and 13 sold. Although maintenance fees are $1.04 per square foot—higher than Toronto’s average—they reflect the building’s amenities and prime location.

In summary, Palace Place combines spacious suites, full-service amenities, and a waterfront location, making it an excellent choice for anyone looking for Etobicoke condos for sale.