4503-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13595438
About this home
The iconic Palace Pier-an address synonymous with uncompromising waterfront prestige. Indulge in a rare offering of refined elegance, where sweeping north, west and east exposures frame uninterrupted vistas of the city skyline and shimmering lake beyond. This nicely appointed 3-4bedroom residence features a lavish ensuite retreat, complete with an expansive spa-inspired shower and a bespoke walk-in dressing room. The grand open-concept salon seamlessly unites living and dining areas, each vantage point curated to capture light, water, and skyline in perfect harmony. Experience a lifestyle defined by effortless opulence, where every detail is curated for the most discerning resident. Extras: A fully all-inclusive offering encompassing high-speed internet, Bell Fibe TV, and all utilities. Enjoy the privilege of white-glove valet service, 24-hour concierge, and an exceptional suite of resort-caliber amenities: fine dining establishment "Veloute" , a state-of-the-art fitness center, indoor salt pool, tennis court, exclusive downtown shuttle, golf putting green, curated retail conveniences, and indulgent spa services. Some images digitally staged.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13595438
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 3250-3499
- Cross streets
- Lake Shore Blvd. W & Palace Pier Ct.
- Parking
- 3 garage (underground)
- Basement
- None
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Poured Concrete
- Roof
- Flat
- Maintenance
- $4,036/mo
- Exposure
- North East
- Property tax
- $6,380 / 2025
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Listed at $1,548,000, this home is tracking about 17% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($459/sqft) is below the area, so you are paying for extra space rather than a premium.
In Mimico lately, sellers have been getting about 95% of asking and homes sell in about 35 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 21 similar homes nearby, adjusted for size, beds, and baths.Median of 21 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.45M, a close match.
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 $1000K
- Size difference +$350K
- Bedrooms +$28K
- Bathrooms −$43K
- Adjusts to $1.34M
That comparable adjusts to $1.34M; the $1.32M estimate above is the median of all 21 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.
Total price vs nearby homes. Fair value about $1.32M, median of 21 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. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 1 closest active listing nearby.
See all comparable homesPrice 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $1,238,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,609
- Property tax
- $532
- Condo / maintenance fees
- $4,036
- Heating
- $0
- Estimated monthly cost
- $11,176
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,435
- Toronto municipal land transfer tax
- $27,435
- Estimated closing costs
- $54,870
Plus your down payment of $309,600. 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
- $396,514
- Principal paid down
- $157,711
- Interest paid
- $238,803
- Balance remaining
- $1,080,689
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 REAL ESTATE SERVICES LTD.. MLS®/PropTx.