302-80 Palace Pier Court, Toronto, ON
Mimico, Toronto · MLS® W13819724
About this home
In short
- Life by the water feels different at Nevis Villa Condos.
- Tucked along the Mimico shoreline in the heart of Humber Bay Shores, this boutique residence offers a quieter, more intimate take on waterfront living, with just 29...
- The primary suite is a true retreat, featuring a generous walk-in closet and a5-piece ensuite designed for comfort and relaxation.
- Residents of Nevis Villa enjoy a full range of amenities, including 24-hour concierge service, a fitness centre, sauna, resident lounge, billiards room, and car wash bay.
Life by the water feels different at Nevis Villa Condos. Tucked along the Mimico shoreline in the heart of Humber Bay Shores, this boutique residence offers a quieter, more intimate take on waterfront living, with just 29 suites across five storeys and beautiful views of the lake and city skyline woven into everyday life. Welcome to Suite 302 - a bright and spacious 2-bedroom, 2-bathroom suite offering 1,145 square feet of well-designed living space. Sunlight fills the home through oversized windows, while the electric fireplace adds warmth and character to the main living area. Step out to your private balcony, complete with a gas line for BBQing, and enjoy peaceful views over a lush canopy of trees. The primary suite is a true retreat, featuring a generous walk-in closet and a5-piece ensuite designed for comfort and relaxation. With in-suite laundry, parking, and a locker included, this home checks all the boxes. Residents of Nevis Villa enjoy a full range of amenities, including 24-hour concierge service, a fitness centre, sauna, resident lounge, billiards room, and car wash bay. The rooftop garden terrace is a standout, offering a beautiful space to entertain with a fireplace, BBQ area, and lake views. Outside your door, Humber Bay's waterfront lifestyle awaits. The Martin Goodman Trail is jus steps away for walks, runs, or bike rides along the lake, while nearby parks, cafés, shops, and the yacht club add to the neighbourhood's charm. With the Humber Bay Arch Bridge, Sheldon Lookout, and Humber Bay Shore Park all close by, this is a location that makes it easy to enjoy the very best of Toronto's lakeside living.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13819724
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1000-1199 sq ft
- Cross streets
- Lake Shore Blvd W. & Palace Pier Crt.
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,371/mo
- Exposure
- North East
- Property tax
- $3,873 / 2026
- Days on market
- 22
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
open concept · stainless steel appl · centre island
5 pc ensuite · walk-in closet(s) · large closet
gas fireplace · w/o to balcony · crown moulding
large closet · large window · ne view
combined w/living · open concept · crown moulding
Listed at $850,000. Going by how homes in Mimico have actually closed against their asking prices (about 97%, 106 local closings in 90 days), the likely sale price is near $825K, if it sells. A realistic range is $777K to $893K.
Independent value check: $788K. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $733K and $828K).
Why $788K. The typical condo sold in Mimico over the past year went for about $603K (484 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $3,873 a year; the typical home sold here pays about $2,800.
- ▲ Raises it stronglyIt is 1,000 to 1,199 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it2 bedrooms and 2 baths, against 1+1 and 2 typically.
- ▲ Raises it slightlyIts maintenance fee is $1,371 a month; the typical unit sold here pays about $750.
Total price vs nearby homes. Likely closing about $825K, from 106 recent closings in this pocket.
The market behind the math:
About 0.8 months of inventory: 28 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 $773/sqft against an area asking average of $835/sqft.
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 $776K. Condition and finishes remain an in-person call.
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
Priced above comparable homes overall, but the price per square foot ($773/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 106 comparable homes that sold in Mimico over the past 14 months, from 500 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $843/sqft; this home lists at $773/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Mimico: $560K in September 2026, up 1% from a year ago, on 469 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $610K | 43 |
| November 2025 | $580K | 37 |
| December 2025 | $650K | 31 |
| January 2026 | $592K | 30 |
| February 2026 | $605K | 31 |
| March 2026 | $645K | 48 |
| April 2026 | $642K | 48 |
| May 2026 | $610K | 30 |
| June 2026 | $602K | 49 |
| July 2026 | $695K | 41 |
| August 2026 | $595K | 45 |
| September 2026 | $560K | 36 |
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $680,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,760
- Property tax
- $323
- Condo / maintenance fees
- $1,371
- Heating
- $0
- Estimated monthly cost
- $5,454
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,475
- Toronto municipal land transfer tax
- $13,475
- Estimated closing costs
- $26,950
Plus your down payment of $170,000. 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
- $225,590
- Principal paid down
- $83,083
- Interest paid
- $142,507
- Balance remaining
- $596,917
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 197 whole-home leases in Mimico signed at a median of $3,100 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,580. 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 SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.