Year Built
1993
High-Rise Condo
Palace Place Condos
by Bramalea Limited
1 Palace Pier Court, Etobicoke, ON M8V 3W9
Total Units
504
Avg $/sqft
$755
Storeys
44
Available Units in Palace Place Condos
6
Units for sale
From $539,900
For SaleWaterfrontCity View
Listed for:
Listed Apr 21, 2026
$539,900
Unit 2407, 1 Palace Pier Court
Etobicoke (Mimico), ON M8V 3W9
1Bedroom
1Bathroom
1Parking
800-899Sq Ft
Condo ApartmentFor Sale
For SaleWaterfront
Listed for:
Listed Aug 5, 2026
$648,888
Unit 607, 1 Palace Pier Court
Etobicoke (Mimico), ON M8V 3W9
1Bedroom
1Bathroom
1Parking
700-799Sq Ft
Condo ApartmentFor Sale
1
Unit for rent
From $4,500/mo
Live MLS · Updated daily
Overview
Anyone who’s seeking a Toronto condo for sale should consider Palace Place Condos at 1 Palace Pier Court. Bramalea Limited completed this building back in 1993, but unlike other buildings of that age, maintenance fees are quite high at $1.06 per-square-foot. The 44-storey building is home to 504 suites with units ranging between 350 and 2836 square feet.
Maintenance fees at 1 Palace Pier Court are $1.06 per-square-foot, which is significantly higher than the city average of about $0.67, however the maintenance fees do include all utilities, making them a bit more reasonable (usually at least hydro is separate).
Developer
Bramalea Limited
Year Built
1993
Property Type
High-Rise Condo
Storeys
44
Total Units
504
Management
Crossbridge Condominium Services Ltd.
Amenities
Underground Parking
Indoor Pool
Guest Suites
Fitness Centre
Sauna
Visitor Parking
Squash Court
Party Room
24/7 Concierge
Price History
111 recordsLoading history…
Market Stats
Prices in Palace Place Condos are up 4.2% compared to last year.
$755
Avg $/sqft
+4.2%
YoY change
49
Avg days on market
Location & Walkability
Walk Score
47/100
Daily errands on foot
Transit Score
76/100
TTC, GO, subway access
Bike Score
68/100
Bike lanes & infrastructure
Neighbourhood in Etobicoke
Mimico
family-friendly community-oriented urban diverse
Mimico is a vibrant neighbourhood in Etobicoke. It offers a mix of residential and recreational spaces near Lake Ontario.
Close to Lake Ontario Good schools and parks Diverse community Variety of housing options Accessible transit
Etobicoke, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Day to dayLivability
7.1
Schools near listings
out of 10 · averaged over 8,399 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$699,000
13% below Etobicoke 3% below Ontario
In Mimico
$699,000
In Etobicoke
$799,000
In Ontario
$717,000
Median monthly rent
$2,550/mo
2% above Etobicoke 2% above Ontario
In Mimico
$2,550
In Etobicoke
$2,488
In Ontario
$2,500
$727
Per square foot
≈ 22.8 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
305
Median $699,000
Condos 266 · Houses 39
For rent
186
Median $2,550
Recently sold
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Recently leased
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Market data as of 2026-10-10. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable housing compared to city median
- Strong community feel
- Good schools rated 7.1
- Many parks and recreational areas
- Diverse dining options
Keep in mind
- Higher renter strain at 41.1%
- Limited secondary schools
- Traffic congestion during peak hours
The feel of the placeLifestyle
Daily life in Mimico is relaxed with a focus on community and outdoor activities. Residents enjoy easy access to parks and the waterfront.
Great for first-time buyers families young professionals
Within the boundaryWhat's nearby
The boundary
6.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
28
Parks
32
Playgrounds
23
Transit stations
4
Grocery stores
29
Restaurants
14
Cafés
7
Gyms
1
Libraries
8
Pharmacies
Counted across all 6.6 km² of Mimico. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.2/10
Average rating of the 2 rated schools in this area
7
Elementary
John English Junior Middle School
Public · Grades JK–8 · Toronto DSB
7.1/107.4 over 5 yrs808th of 3,045 Ontario elementary schools
795 students · EQAO 2024-2025
St Leo Catholic School
Catholic · Grades JK–8 · Toronto CDSB
5.3/106.4 over 5 yrs2,037th of 3,045 Ontario elementary schools
405 students · EQAO 2024-2025
David Hornell Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
230 students · EQAO 2024-2025
George R Gauld Junior School
Public · Grades JK–5 · Toronto DSB
Not rated
250 students · EQAO 2024-2025
Mildenhall School, the
Independent
Not rated
Oak Learners
Independent
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Mimico, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
40,840
Population (2021)
7.0 km²
Area
5,867
People per km²
40.8
Median age
$89,540
Median income
54%
Own their home
2
People per household
21,210
Households
Every age
- Children (under 15)10.1%
- Working age (15–64)74.3%
- Seniors (65+)15.7%
What is built here
- Detached houses11.1%
- Semi-detached1.3%
- Townhouses4.3%
- Duplexes1.6%
- Low-rise apartments15.4%
- High-rise apartments66.2%
Own or rent
54%Owners
46%Renters
Across 21,210 households
When it was built
- 1960 or earlier19%
- 1961–198015%
- 1981–19907%
- 1991–200010%
- 2001–20057%
- 2006–20107%
- 2011–201517%
- 2016–202118%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 43.6%
- Born outside Canada
- 46.7%
- Hold a degree or higher
- 62.8%
- Employment rate
- 19.6%
- Commute by transit
- 71.8%
- Commute by car
- 1.4
- Children per family
- $76,410
- Median income after tax
- $113,899
- Average household income
- 12.9%
- Living on a low income
- $1,736/mo
- Renters pay, per month
- $2,052/mo
- Owners pay, per month
- $841,824
- Median home value at census
- 41.1%
- Renters spending 30%+ of income on housing
- 27.1%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 34 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
