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Property Description
On a clear day, you can see forever! Suite 1605 is a highly sought-after condominium residence, with approximately 1,228 square feet of living space, 2-bedrooms, 2-baths, and the most enchanting forever views of Lake Ontario.**Brand new Vidar engineered American Oak hardwood floors have just been installed throughout.** *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.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-10-29 | 2024-12-07 | 39 | $1,200,000 | - | Terminated |
Extras
*The all-inclusive fees are among the lowest in the area, yet they include the most.*Special To Palace Place: Rogers Ignite Internet Only $26/Mo (Retail: $119.99/M).
Nearby Intersections
Lake Shore & Park Lawn (263)
Kingsway & Queensway (82)
Property Features
Clear View, Lake/Pond, Marina, Park, Public Transit, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,812 (2024)
Basement
None
Exterior
Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (112A)
Garage Type
Underground
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Etobicoke Market Statistics
Etobicoke Price Trend
1 Palace Pier Crt 1605 is a 2-bedroom 2-bathroom condo listed for sale at $1,299,000, which is $542,889 (71.8%) higher than the average sold price of $756,111 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 2 bedroom condo in Etobicoke declined by $9,341 (1.2%) compared to the previous 30 day period (October 22 - November 20) and down $49,186 (6.1%) from the same time one year ago.Inventory Change
There were 836 2-bedroom condos listed in Etobicoke over the last 30 days (November 21 - December 20), which is down 30.0% compared with the previous 30 day period (October 22 - November 20) and up 25.5% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Etobicoke typically sold ($17,306) (2.3%) below asking price over the last 30 days (November 21 - December 20), which represents a $3,244 increase compared to the previous 30 day period (October 22 - November 20) and ($25,043) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Etobicoke over the last 30 days (November 21 - December 20) stood at 54.8%, up from 49.2% over the previous 30 days (October 22 - November 20) and down from 58.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Etobicoke stood at 38 days when successfully sold over the last 30 days (November 21 - December 20), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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