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New1 hour ago

1503 - 1 Palace Pier Court

Mimico, Toronto

$1,599,000

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

Luxury without compromise. Suite 1503 is a resplendent, flow-through condominium residence, with 1,985 square feet of opulent living space, 2-bedrooms, 2-bathrooms, and infinite water views in every direction framed by celestial city views painting the sky to the east and tranquil lake vistas to the west. This trophy suite offers a rare blend of space, serenity, and sophistication in the sky. Palace Place is Toronto's most luxurious waterfront condominium residence. Palace Place defines luxury from offering high-end finishes and appointments to a full spectrum of all-inclusive services that include a private shuttle service, valet parking, and one of the only condominiums in Toronto to offer Les Clefs d'Or concierge services, the same service that you would find on a visit to the Four Seasons. *The all-inclusive fees are among the lowest in the area, yet they include the most. Some photos are virtually staged. *Special To Palace Place: Rogers Ignite Internet Only $26/Mo (Retail: $119.99/M).

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1800-1999 sq. ft.
Maintenance Fees$2,384
LockerOwned
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$6,307
mls© NumberW13841946
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$8,184
Property tax
$526
Heat allowance
$150
Condo fees, half counted
$1,192
Housing costs
$10,052 / mo

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

Down payment20% · $319,800
25-yr amortization

Income needed

$309,000

gross annual household income

Payment at 4%
$6,729 / mo
Cash down
$319,800

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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