2904-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13220606
About this home
Presenting unmatched, outstanding value at approximately $465 per sq ft and all-inclusive luxury living for only $1.11/sq ft condo fees. A rare opportunity to own exceptional space, value and lifestyle rarely seen in Toronto's luxury waterfront market. Welcome to Suite 2904 at Palace Pier - an extraordinary 3-bedroom, 3-bath residence offering 2,777 sq ft of beautifully appointed living space. This expansive residence delivers the scale and comfort of a home with the convenience of elevated condo living, featuring two private entrances, two balconies, side-by-side parking and locker. Pictures speak for themselves: open-concept Chef's kitchen showcasing a wraparound quartz island and premium appliances. Enhanced ceiling lighting, illuminated stone feature walls and hardwood-style laminate flooring elevate the sophisticated interior. Upper level offers spacious bedrooms including a luxurious spa-inspired 6-piece ensuite featuring soaker tub and glass-enclosed shower. But the value extends well beyond the suite. Monthly maintenance fees represent approximately $1.11 per sq ft and include heat, hydro, water, Bell Fibe TV and high-speed internet, free movie channels, central A/C, building insurance, parking and access to one of Toronto's most comprehensive luxury amenity offerings: 24-hour Concierge & Security, Valet Parking & Visitor Valet, EV Charging Stations & Car Wash, Exclusive Private Shuttle Service to Downtown Offices, Premium Culinary Restaurant Dining, State-of-the-Art Fitness Centre, Indoor Saltwater Pool, Hot Tub & Sauna, Tennis & Squash Courts, Golf Simulator & Putting Green, Private Rooftop Club & Party Facilities, Full-Service Spa & Salon, Convenience Shop & Dry Cleaning Services, Guest Suites, Games Room, Library, Arts Studio and more. Where else can you find nearly 2,800 sq ft of luxury waterfront living in Toronto at approximately $465 per sq ft with all-inclusive resort amenities for only $1.11 per sq ft in maintenance fees?
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- W13220606
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 2750-2999
- Cross streets
- Parklawn & Lake Shore Blvd W
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Water
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $3,105/mo
- Exposure
- North East
- Property tax
- $5,693 / 2025
- Days on market
- 53
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
laminate · walk-in closet(s) · pot lights
laminate · pot lights · 2 pc bath
laminate · w/o to balcony · 5 pc ensuite
laminate · w/o to balcony · pot lights
marble floor · quartz counter · centre island
laminate · w/o to balcony · large window
marble floor · double closet · 2 pc bath
Listed at $1,299,999, and my independent estimate is about 19% below comparable homes, worth a close look.
In Mimico lately, sellers get about 97% of asking; homes sell in ~34 days.
Total price vs nearby homes. Fair value about $1.61M, median of 5 comparables.
How this estimate is builtthe short version
I take the 5 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.50M, a close match.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Étienne Brûlé Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Mimico, so I widened the search to the surrounding area.
Based on 5 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mimico, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $1,039,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,550
- Property tax
- $474
- Condo / maintenance fees
- $3,105
- Heating
- $0
- Estimated monthly cost
- $9,129
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,475
- Toronto municipal land transfer tax
- $22,475
- Estimated closing costs
- $44,950
Plus your down payment of $260,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $332,989
- Principal paid down
- $132,444
- Interest paid
- $200,545
- Balance remaining
- $907,555
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.