3706-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13576630
About this home
Welcome to the iconic Palace Pier, one of Toronto's most prestigious waterfront residences. This beautifully maintained 2+1 bedroom, 2-bathroom suite offers 1,380 sq. ft. of elegant living space plus a 60 sq. ft. private balcony, showcasing breathtaking southwest views of Lake Ontario and the Toronto skyline. A spacious, light-filled layout features expansive principal rooms, floor-to-ceiling windows that frame the spectacular waterfront views, and a versatile den ideal for a home office or additional living space. Abundant in-suite storage adds everyday convenience. Complete with two tandem parking spaces and a storage locker.Residents enjoy an exceptional resort-style lifestyle with 24-hour concierge and valet service, a private shuttle to Toronto's downtown core, an indoor pool, fitness centre, spa, tennis and squash courts, guest suites, car wash, golf simulator, library, party room, on-site restaurant, and a general/grocery store on-site store exclusively for residents. Surrounded by beautifully landscaped waterfront grounds, Palace Pier was proudly recognized as Condo of the Year in 2020, reflecting its outstanding reputation and exceptional standard of living.Perfectly situated along the shores of Lake Ontario, just steps to Humber Bay Park, the Martin Goodman Trail, marinas, and waterfront parks, and only minutes to downtown Toronto, this exceptional residence offers the perfect balance of luxury, convenience, and an unparalleled waterfront lifestyle.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13576630
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Lakeshore Blvd and Parklawn Ave
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,767/mo
- Exposure
- South East
- Property tax
- $3,837 / 2026
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
overlook water · w/o to balcony
ensuite bath · overlook water · closet
Overlook Water
pantry · combined w/laundry
Listed at $949,300, this home is about 11% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 18 similar homes nearby, adjusted for size, beds, and baths.Median of 18 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $846K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.40M
- Adjusts to $1.40M
That comparable adjusts to $1.40M; the $1.07M estimate above is the median of all 18 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
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.
On location, this is a very walkable address with everyday errands close by. Marine Parade Dr at Lake Shore Blvd West is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.07M, median of 18 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Weigh carefully
- Value driver
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 homesThis home lists 15% below the area average of $857/sqft.
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.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Marine Parade Dr at Lake Shore Blvd West, about 271 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $759,440 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,053
- Property tax
- $320
- Condo / maintenance fees
- $1,767
- Heating
- $0
- Estimated monthly cost
- $6,139
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,461
- Toronto municipal land transfer tax
- $15,461
- Estimated closing costs
- $30,922
Plus your down payment of $189,860. 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
- $243,159
- Principal paid down
- $96,715
- Interest paid
- $146,444
- Balance remaining
- $662,725
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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.