2045 Lake Shore Boulevard W 1605, Toronto W06

$729,000
2045 Lake Shore Boulevard W 1605

$729,000

New
29d
Condo ApartmentApartment

2045 Lake Shore Boulevard W 1605, Toronto W06

Total Monthly Obligation $4,507

Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
29d
Score
15
Yield
4.8%
Cash on Cash
-10.6%
Cap Rate
2.3%
5Y IRR
7.3%
10Y IRR
8.1%
Property Type-Condo Apartment
MLS® Number-W13825908
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,685.59 (2026)
Maintenance-$1,142.78/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SAM MCDADI REAL ESTATE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

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.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$583,200
Land Transfer Taxes$11,055
Legal Fees (Est.)
$
Total cash required for closing$158,355

Total Monthly Obligation

$4,507/mo
Mortgage $2,941
Monthly Loss $3,733
Principal$774
Interest$2,167
Property Tax$224
Condo Fees$1,143
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.5%0
5-Year IRR
4.5%9
10-Year IRR
6.6%
Returns Index
6.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$34,800/yr
NOI
$12,521/yr
Net Cash Flow
-$1,897/mo
Cash Margin
-65.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.353
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
18.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 2045 Lake Shore Boulevard W 1605

Time

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Data last updated within the past 24 hours.