88 Palace Pier Court PH201, Toronto W06

$1,149,000
88 Palace Pier Court PH201

$1,149,000

New
15d
Condo Apartment1 Storey/Apt

88 Palace Pier Court PH201, Toronto W06

Total Monthly Obligation $6,829

Beds
2
Baths
2
Park
2
Sqft
1200-1399
DOM
15d
Score
14
Yield
4.1%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.8%
10Y IRR
7.0%
Property Type-Condo Apartment
MLS® Number-W13877454
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$4,381.34 (2026)
Maintenance-$1,628.76/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Penthouse living at Nevis Condominiums, and this one is a showstopper. Beautifully renovated with sophisticated, high-end finishes throughout, this spacious approximately 1,296 sq. ft. 2-bedroom suite offers the kind of open-concept living that is increasingly hard to find. The stunning custom kitchen, completely renovated in 2021, features quartz countertops, floor-to-ceiling cabinetry, integrated Décor refrigerator and an oversized breakfast bar that becomes the natural gathering place of the home. The former den has been opened up and transformed into a proper dining room, creating a fabulous layout for both everyday living and entertaining. Hardwood flooring extends through the principal living spaces and bedrooms, with tile in the kitchen and foyer. Extensive floor-to-ceiling cabinetry in the foyer provides exceptional storage, while three professionally designed California Closets add even more thoughtful, beautifully finished storage. The generous primary bedroom feels like a true retreat, complete with a 5-piece ensuite. Step outside to the southeast-facing tiled balcony with both lake and city views, complete with a gas line for your BBQ. Enjoy the morning sun, fresh air and your own outdoor living space high above the city. And then there are the extras that are almost impossible to find: two parking spaces and two lockers. Nevis offers the feel of a smaller boutique community with many long-time residents, 24-hour concierge, gym, sauna, guest suite, rooftop party room and terrace, and ample visitor parking. All of this just steps from the lake and waterfront trails, with restaurants, coffee shops, groceries and transit within walking distance, plus easy highway access when you need it. Beautifully renovated. Exceptionally spacious. Two parking. Two lockers. Lake and city views. Penthouse. This is not your average condo.

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(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

$6,829/mo
Mortgage $4,635
Monthly Loss $5,609
Principal$1,220
Interest$3,415
Property Tax$365
Condo Fees$1,629
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-15.8%0
5-Year IRR
3.4%7
10-Year IRR
5.7%
Returns Index
4.8/ 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
$47,616/yr
NOI
$16,528/yr
Net Cash Flow
-$3,257/mo
Cash Margin
-82.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.302
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.2/ 100

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

Comparables

Properties near 88 Palace Pier Court PH201

Time

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