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Property Description
This is the only penthouse unit on the market offering a rare, 230 sq. ft. private terrace with stunning panoramic city skyline and water views in a five-storey boutique 29-unit condo. Steps from Lake Ontario, experience both the urban oasis and Humber Bay Park visible from the moment you enter the spacious 1,440 sq. ft. unit. Completely renovated, the designer 1+1 layout features a gourmet kitchen equipped with stainless steel appliances, custom cabinetry and an expansive island wrapped in a luxurious honed-finish granite waterfall counter, perfect for entertaining. 9 ft. smooth ceilings throughout heighten the striking leather-finish granite slab fireplace wall, while LED recessed adjustable lighting is perfectly placed to showcase artwork. A combination of custom walnut millwork, 7.5 ft. walnut doors and engineered walnut flooring on acoustic-rated padding, brings contemporary and timeless design together in elegant style. Enjoy waterfront trails, restaurants, cafes, shops, and the Etobicoke Yacht Club or stay home and fire up the gas BBQ on your terrace. Commuting is a breeze with easy access to major highways and public transit.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-10-02 | 2024-10-21 | 19 | $1,898,888 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1400-1599
Taxes
$5,057 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Owned (Level A)
Parking 2
Owned (Level A)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 12.60' x 14.01' | Hardwood Floor, Open Concept, Granite Counter |
Living | Flat | 19.09' x 16.90' | Hardwood Floor, W/O To Patio, Overlook Water |
Dining | Flat | 13.98' x 10.99' | Hardwood Floor, Pot Lights, Overlook Water |
Prim Bdrm | Flat | 10.50' x 23.59' | Hardwood Floor, W/O To Patio, Overlook Water |
Den | Flat | 10.99' x 10.30' | Hardwood Floor, B/I Shelves, Separate Rm |
Laundry | Flat | 5.22' x 10.99' | Ceramic Floor, B/I Shelves, Separate Rm |
Other | Flat | 5.74' x 39.99' | Concrete Floor, Balcony, Overlook Water |
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Etobicoke Market Statistics
Etobicoke Price Trend
80 Palace Pier Crt 505 is a 1-bedroom 2-bathroom condo listed for sale at $1,898,888, which is $1,329,652 (233.6%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Etobicoke declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Etobicoke over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Etobicoke typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 1-bedroom condos in Etobicoke over the last 30 days (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Etobicoke stood at 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Forest Hill Real Estate Inc.
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