3705-2045 Lake Shore Boulevard, Toronto, ON
Mimico, Toronto · MLS® W13777312
About this home
In short
- Rarely offered, this turnkey 3,307 sq ft residence commands the entire East Wing of Palace Pier, delivering unobstructed, floor-to-ceiling panoramic views of Lake...
- Fully renovated and impeccably maintained, the suite features a grand foyer, a ballroom-sized living room framed by walls of glass, two sun-filled solariums, and a...
- The primary retreat offers a spa-inspired ensuite with glass vessel sinks and a marble-clad walk-in shower and soaker tub, complemented by a generous walk-in closet...
- Offered fully furnished (optional) with designer furnishings, and including 2 parking spaces plus a locker.
- Residents of Palace Pier enjoy resort-calibre amenities across the property's 9 private acres, including an indoor swimming pool, whirlpool, sauna and change rooms, a...
Rarely offered, this turnkey 3,307 sq ft residence commands the entire East Wing of Palace Pier, delivering unobstructed, floor-to-ceiling panoramic views of Lake Ontario and the Toronto skyline from every principal room. Fully renovated and impeccably maintained, the suite features a grand foyer, a ballroom-sized living room framed by walls of glass, two sun-filled solariums, and a chef's kitchen with premium built-in appliances, an oversized island, and a spacious eat-in dining area. The primary retreat offers a spa-inspired ensuite with glass vessel sinks and a marble-clad walk-in shower and soaker tub, complemented by a generous walk-in closet, while two additional bedrooms, a versatile den, and a private laundry room complete this move-in-ready, sun-drenched home. Offered fully furnished (optional) with designer furnishings, and including 2 parking spaces plus a locker.Residents of Palace Pier enjoy resort-calibre amenities across the property's 9 private acres, including an indoor swimming pool, whirlpool, sauna and change rooms, a fully equipped fitness centre with aerobics studio, tennis and squash courts, basketball courts, a golf simulator, practice cage, and putting green, plus table tennis, billiards, and a games/social event room. Additional lifestyle offerings include a rooftop club party room and sun deck with patio and BBQs, a library, arts and crafts and carpentry rooms, on-site spa services, and Veloute, the building's private restaurant led by Chef Fawzi Kotb. The building also provides 24-hour concierge and security, valet and visitor parking, car wash services, bicycle storage, seven guest suites, a complimentary shuttle to Union Station and Sherway Gardens, a residents-only convenience store, and dry cleaning service - with Bell Fibe TV and reduced-rate internet and mobility included in the maintenance fee. A truly exceptional opportunity in one of Toronto's premier waterfront residences.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13777312
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 3250-3499 sq ft
- Cross streets
- Palace Pier/Lake
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $3,853/mo
- Exposure
- South East
- Property tax
- $8,000 / 2025
- Days on market
- 8
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
separate room · b/i shelves · porcelain floor
overlook water · marble floor · se view
picture window · closet
b/i bookcase · separate room
picture window · double closet
picture window · south view · marble floor
combined w/solarium · walk-in closet(s) · 5 pc ensuite
marble floor · granite counters · open concept
overlook water · marble floor · open concept
Listed at $1,960,000 with no offer date. Homes here have been closing close to ask, so my read is $1.90M, typically $1.84M to $1.93M. Comparable closings on their own put this home around $2.05M, which supports the ask, so this is a firm read.
Total price vs nearby homes. Likely closing about $1.90M, from 106 recent closings in this pocket.
The market behind the math:
About 1.5 months of inventory: 54 condo apartment homes for sale in the area against 106 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $581/sqft against an area asking average of $893/sqft. Size and $/sqft both feed the estimate above.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 106 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.79M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- 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
- Primary suite: a key comfort and resale feature. 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 21 homes sold in this building over the past two years, from 523 closings in Mimico.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $2.05M, which is where my estimate comes from.
Per square foot, these ask about $707/sqft; this home lists at $581/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 8 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $1,568,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,583
- Property tax
- $667
- Condo / maintenance fees
- $3,853
- Heating
- $0
- Estimated monthly cost
- $13,102
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $35,675
- Toronto municipal land transfer tax
- $35,675
- Estimated closing costs
- $71,350
Plus your down payment of $392,000. 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
- $514,970
- Principal paid down
- $193,872
- Interest paid
- $321,098
- Balance remaining
- $1,374,128
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 numbersThe last 12 whole-home leases in Mimico signed at a median of $4,779 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,621. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ULTIMATE REALTY INC.. MLS®/PropTx.