- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 800–899sq ft
- Per sq ft
- $858at the range’s middle
- Tax a year
- $2,6862026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1605-2045 Lake Shore Blvd
1605-2045 Lake Shore Blvd is a 1-bedroom, 1-bathroom condo in Mimico, Toronto, listed for sale at an asking price of $729,000 (MLS® W13825908).
Welcome to Suite 1605 at The Palace Pier. Located in the coveted Humber Bay Shores, this spacious, light-filled unit offers breathtaking views of Lake Ontario and Toronto's skyline from nearly every room. The open layout blends comfort and function with expansive living and dining areas, oversized windows, and clean modern finishes. The kitchen is stylish and efficient, featuring tile floors, quartz counters, a sleek backsplash, and a new dishwasher. The bedroom is a calm retreat with a custom walk-in closet and a 3-piece ensuite outfitted with double mirrored doors and built-in cabinetry. Every window is fitted with sunshade treatments, and the unit includes a front-load European washer and dryer for added convenience. The Palace Pier is more than just a residence; its a lifestyle. Enjoy a full suite of five-star amenities: 24-hour concierge and valet, indoor pool, gym, tennis and squash courts, spa, sauna, private restaurant, shuttle service, guest suites, and a panoramic lakefront lounge. Named 2020 Condo of the Year, the building is celebrated for its strong community, prestige, and exceptional service. Step outside and onto the Martin Goodman Trail, a scenic waterfront path that seamlessly connects residents to downtown Toronto by bike or on foot. The trail also links to many of Toronto's beautiful waterfront parks, making it a perfect route for picnics, outdoor activities, and enjoying the city's natural beauty. The surrounding area is home to high-end restaurants, trendy cafes, marinas, parks, and convenient grocery options. With quick access to the QEW, Highway 427, and the TTC Humber Loop, getting downtown or around the city is a breeze. This isn't just a condo, its turnkey waterfront living at one of Toronto's most iconic addresses. Discover what it means to live at The Palace Pier.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall11/100−$2,293/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 49 condos with 1 bedroom for lease in Mimico right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,686 / 2026
- MLS® number
- W13825908
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Mimico
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 3pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- All existing electrical light fixtures, window coverings, kitchen appliances: Maytag stove, Whirlpool refrigerator, dishwasher and microwave. Frontload washer and dryer. One parking, an exclusive locker.
- Condo maint.
- $1,143
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.87 × 4.59 m | Combined W/Dining, Open Concept, hardwood floor | Flat |
| Kitchen | 2.79 × 4.26 m | B/I Appliances, Backsplash, Tile Floor | Flat |
| Dining | 4.21 × 3.51 m | Combined W/Living, Window Flr to Ceil, W/O To Balcony | Flat |
| Br | 4.89 × 2.93 m | 3 Pc Ensuite, W/I Closet, Large Window | Flat |
Listing history
Buy/sell history for 1605-2045 Lake Shore Blvd, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $729,000 | N/A | For Sale | W13825908 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $145,800
- Total mortgage amount
- $583,200
- Total interest payment
- $414,600
- Total purchase cost
- $1,143,600
- Mortgage payment
- $3,326/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
75%Monthly carrying cost
$4,693- Rent $2,400
- Shortfall $2,293
Rental income opens at $2,400, the median asking rent of 49 comparable homes for lease in Mimico. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $11,055
- Toronto municipal land transfer tax
- $11,055
- Total land transfer tax
- $22,110
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $13,635
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $729,000
- $6,580
- Ontario total
- $11,055
Toronto’s municipal tax uses the same brackets at this price, so it adds another $11,055.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
RA (x25)By-law
569-2013Municipality
Toronto1 x25
Site-specific exception 25: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 15, section 15.10 of By-law 569-2013 · Exception 900.7.10(25)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 2 open development applications within 800 m of this home.
1978 LAKE SHORE BLVD WSite planUnder Review
Proposal for 698 dwelling units totaling 46,152 square metres of residential gross floor area and 146 square metres of retail space at grade. 250 parking spaces are provided in three levels of underground parking. Related to Rezoing 17 278471 WET 13 OZ
600 m away125 THE QUEENSWAYOfficial plan or zoning amendmentOMB Appeal
The re-designation of the Subject Lands will enable the proposed mixed-use development consisting of seven buildings ranging in height from 12-storeys to 50-storeys.
660 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Mimico right now
- For sale now
- 231
- Median asking price
- $649K
- New in 7 days
- 23
- Price cuts
- 20%
Middle half: $542K to $799K
80 in 28 days
47 listings
This home is asking 12% above the median.
See all homes in MimicoAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Runnymede Station | TTC subway: Line 2 Bloor-Danforth | 2.3 km |
| Mimico GO | GO Transit train: Lakeshore West | 2.6 km |
| High Park Station | TTC subway: Line 2 Bloor-Danforth | 2.6 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Mark Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1.4 km | 61%Grade 6 average |
| Swansea Junior and Senior Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 1.4 km | 79%Grade 6 average |
| Étienne Brûlé Junior SchoolToronto DSB | Public · grades JK–5 | 1.4 km | 79%Grade 3 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.7 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 2.4 km | 68%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.6 km | 81%Grade 9 math |
| The Student SchoolToronto DSB | Public · grades 9–12 | 2.8 km | — |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.6 km | 69%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Mimico are shown to signed-in members.