1 Palace Pier Court 1208, Toronto W06

$1,149,000
1 Palace Pier Court 1208

$1,149,000

New
20d
Condo ApartmentApartment

1 Palace Pier Court 1208, Toronto W06

Total Monthly Obligation $6,623

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
20d
Score
14
Yield
4.0%
Cash on Cash
-12.4%
Cap Rate
1.9%
5Y IRR
5.9%
10Y IRR
7.1%
Property Type-Condo Apartment
MLS® Number-W13859196
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,019 (2026)
Maintenance-$1,452.89/mo
Locker-Ensuite+Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX REALTY ENTERPRISES INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60/90 TBA
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Waking up here feels less like home... and more like vacation! Experience next-level luxury in this tastefully renovated 2-bedroom, 2-bath suite at the prestigious Palace Place, Toronto's iconic waterfront residence. Close to1200sqft, this thoughtfully redesigned living space has over 200k in top-to-bottom upgrades and blends elegance, modern convenience, and smart technology. Highlights include fully integrated SMART home system: control lighting, climate & blinds right from your phone! Designer-selected hardwood flooring throughout, gourmet kitchen with custom built-in appliances, quartz counters, sleek cabinetry & breakfast island. Enjoy the spacious, open-concept layout with sun-filled living areas, 2 luxurious bathrooms with premium finishes and agenerous primary suite with spa-like ensuite and custom walk-in closet. Coveted parking and locker combo. Hotel-like 5 Star amenities includes: 24/7 concierge, valet parking, and doorman, private shuttle service to downtown Toronto, state-of-the-art gym, indoor pool, spa, sauna, tennis courts, guest suites, party rooms, library, convenient store and on-site restaurant **All-inclusive maintenance fees - covering utilities and premium services** Who needs a resort when your condo feels like one? Live where every day feels like a getaway.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$6,623/mo
Mortgage $4,635
Monthly Loss $5,403
Principal$1,220
Interest$3,415
Property Tax$335
Condo Fees$1,453
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%9
Cash-on-Cash
-15.6%0
5-Year IRR
3.6%7
10-Year IRR
5.8%
Returns Index
4.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$45,420/yr
NOI
$17,024/yr
Net Cash Flow
-$3,216/mo
Cash Margin
-85.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.312
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.4/ 100

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

Comparables

Properties near 1 Palace Pier Court 1208

Time

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