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Property Description
Welcome to suite 507 in Palace Place where luxury and elegance blend seamlessly in this beautifully designed and renovated one bedroom suite. A generous living area of 788sf. Just move in! Easy access to highways, airports, transit, marinas! Steps to Martin Goodman Trail for biking, walking, blading! Walk to waterfront restaurants and shops! Parking. 24 hour security! Tons of visitor parking!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-18 | 2023-12-18 | 91 | $849,000 | - | Expired |
| 2023-02-04 | 2023-03-10 | 34 | $599,000 | $550,000 | Sold |
Extras
Fabulous amenities! Shuttle bus! Valet parking! Spa inspired facilities! Amazing gym!
Nearby Intersections
Lake Shore & Park Lawn (259)
Kingsway & Queensway (85)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,159 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (B/302)
Garage Type
Underground
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Etobicoke Market Statistics
Etobicoke Price Trend
1 Palace Pier Crt 507 is a 1-bedroom 1-bathroom condo listed for sale at $799,000, which is $197,203 (32.8%) higher than the average sold price of $601,797 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Etobicoke increased by $1,104 (0.2%) compared to the previous 30 day period (February 27 - March 27) and down $25,115 (4.0%) from the same time one year ago.Inventory Change
There were 1,714 1-bedroom condos listed in Etobicoke over the last 30 days (March 28 - April 26), which is up 23.1% compared with the previous 30 day period (February 27 - March 27) and up 59.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Etobicoke typically sold ($7,654) (1.3%) below asking price over the last 30 days (March 28 - April 26), which represents a $3,287 increase compared to the previous 30 day period (February 27 - March 27) and ($2,960) less 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 1-bedroom condos in Etobicoke over the last 30 days (March 28 - April 26) stood at 39.8%, down from 45.8% over the previous 30 days (February 27 - March 27) and down from 75.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Etobicoke stood at 27 days when successfully sold over the last 30 days (March 28 - April 26), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Professionals Inc.
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