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$1.59M · 3+1 bed Condo Apartment · Mimico, Toronto | MyPropertyScout

$1,588,000

Unit 4503

3+13Vacant

Map

Waterfront

$1,588,000

Unit 4503

2045 Lake Shore Boulevard · Toronto · Ontario M8V 2Z6

MLS® W13102000 · Mimico · M8V 2Z6

3+13Vacant3250-3499 ft²Condo Apartment3-car UndergroundNo basement$471/ft²$6,380 tax/yrBuilt 198541 yrs oldNo basement

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 vantag…

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Property details

MLS#: W13102000
Status: Buy Now
Property class: Residential Condo & Other
Beds: 3+1
Baths: 3 full, 0 half
Rooms: 7
Kitchens: 1
Size: 3250-3499Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: 1985

Occupancy: Vacant
Washrooms: 6 pc · Main; 4 pc · Main; 2 pc · Main
Family room: Family room
Central vacuum: No
Ensuite laundry: Ensuite laundry

Roof: Flat
Foundation: Poured Concrete
Property features: Clear View, Electric Car Charger, Lake/Pond, Waterfront

View: Bay, City, Lake, Marina

Waterfront: Yes
Water view: Direct
Water body: Lake Ontario
Shoreline: Other
Waterfront features: Other

Condo corp #: 382
Balcony: Open
Locker: Owned
Association amenities: Bike Storage, Car Wash, Community BBQ, Concierge, Exercise Room, Game Room
Fees include: Heat Included, Hydro Included, Water Included, Cable TV Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 3-car Underground
Garage spaces: 3
Parking: 3 total
Heating: Baseboard
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Exterior: Concrete
Fronting on: —
Cross street: Lake Shore Blvd. W & Palace Pier Ct.
Stories: 45
Utilities: —
Laundry: In-Suite Laundry
Interior: Built-In Oven, Countertop Range, Storage Area Lockers
Parking features: Underground

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® W13102000

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$1.59M

Unit 4503 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,588,000✓ $6,380 tax✓ Electric✓ 3250-3499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$15,086/mo

incl. closing costs (yr 1)

Annual total

$181,033

year 1

Mortgage only

$6,024/mo

principal + interest

Beyond mortgage

$6,250/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$317,600

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$532/mo

Utilities

Hydro / electricity$130/mo

≈ $0.13/ft² × ~3,375 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$15,880/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$336/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$28,235

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $72,293/yr

Property taxes19% $34,615/yr

Utilities2% $3,119/yr

Insurance & security1% $1,600/yr

Maintenance9% $15,880/yr

Condo fees27% $48,426/yr

Closing costs3% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$72,293	$6,024/mo
Government & taxes
Property tax	$6,380	$532/mo
Land transfer tax(closing)	$28,235	$2,353/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,559	$130/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$15,880	$1,323/mo
Condo fees
Condo / HOA fees	$48,426	$4,036/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$181,033	$15,086/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 4503

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

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Annual costs