Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Humber Bay Shores
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1 Palace Pier Crt, Toronto
Built
1993
Storeys
44
Suites
504
Developer
Bramalea Limited
Corporation
MTCC-1053
Walk Score
66
Free · about 45 seconds · no obligation
What is your unit at Palace Place worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Somewhat Walkable
Transit Score
Good Transit
Bike Score
Very Bikeable
Transit, nearest first
- 66Prince EdwardTTC bus0.3 km
- 80QueenswayTTC bus0.3 km
- 507Marine Parade Dr (East) at Lake Shore Blvd West507 Long Branch streetcar0.3 km
- 77SwanseaTTC bus0.5 km
- 2Jane stationLine 2 Bloor–Danforth2.2 km
- GOMimico GOLakeshore West line2.6 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–5
Étienne Brûlé Junior School
50 Cloverhill Rd, Etobicoke
1.4 km · ~22 min walk
Zoned for this address
MiddleGr 6–8
Park Lawn Junior Middle School
71 Ballacaine Dr, Etobicoke
2.0 km
Zoned for this address
High schoolGr 9–12
Lakeshore Collegiate Institute
350 Kipling Ave, Etobicoke
5.0 km
Zoned for this address
Catholic elementary
St Mark Catholic Elementary School
1.5 km · ~23 min walk
Nearest, confirm zoning
Catholic elementary
St Louis Catholic Elementary School
2.4 km
Nearest, confirm zoning
Catholic secondary
Bishop Allen Academy
2.6 km
Nearest, confirm zoning
French-language · MonAvenir (Catholic)
St Marguerite D'Youville Catholic Elementary School
2.7 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Palace Place actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 4 | $614,500 | 7 | $3,000/mo |
| 2 bed | 12 | $1,063,700 | 6 | $4,250/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Palace Place
Do mostly owners or renters live here?
Mix of owners and renters. Of 62 deals here in the last 24 months, 33 were leases and 29 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Palace Place?
Some owners here hold City registrations, but the condo’s own declaration and rules can still forbid short stays. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
TSSA lists 9 elevators serving 24 floors, installed around 1992. Ask whether elevator modernization is in the reserve fund plan.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Palace Place
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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- New listings for sale or rent here
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Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Italian
Eden Trattoria
0.6 km · ~9 min walk
Restaurant
Casa Boho Juice Bar & Cafe
0.6 km · ~9 min walk
Restaurant
Bb Cafe
0.7 km · ~11 min walk
Sushi
AFC Zenshi Sushi
0.7 km · ~11 min walk
Italian
La Vecchia Ristorante
0.7 km · ~11 min walk
Coffee
Second Cup
0.8 km · ~13 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Humber Bay Shores Park
- Palace Pier Park
- Sir Casimir Gzowski Park
Nearest grocery
Sobeys
0.8 km · ~13 min walk
Prices: TRREB MLS® System aggregate medians for 1 Palace Pier Crt, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Palace Place is the building I show people who are leaving a house and refuse to live in a shoebox. Its suites start where most new towers stop, the fee covers almost every utility, and it stands where the Humber meets Lake Ontario. The trade-off is age, and you need to look at that honestly. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Palace Place is a 44-storey, 504-suite condominium tower at 1 Palace Pier Court in Humber Bay Shores, part of the Humber Bay Shores, Mimico, the Queensway and central Etobicoke area of Toronto. It was developed by Bramalea Limited and is usually dated to 1993, though Wikipedia and blogTO give 1991 as its completion year. The condominium corporation is MTCC-1053, registered on 12 May 1993, and Crossbridge Condominium Services manages it. The fee includes heat, hydro, air conditioning, cable TV, water, parking, building insurance and common elements.
Palace Place at a glance
The second tower on the Palace Pier site
Palace Place is the younger of two towers at the mouth of the Humber River. The first, The Palace Pier at 2045 Lake Shore Boulevard West, was finished in 1978 to a design by Edward I. Richmond and was the tallest residential building in Canada when it opened. Palace Place followed more than a decade later. The two are separate condominium corporations, with separate boards, budgets and reserve funds.
Both towers use a cruciform plan, a cross shape in which four wings run out from a central core. In practice, most suites sit at or near the end of a wing rather than along a long double-loaded corridor, so more of them get corner exposure and windows on two sides. With 44 storeys and about 138 metres of height, the upper floors look across the lake, back at the downtown skyline and west over the suburbs.
The name has a history. The site once held the Palace Pier, a dance hall planned in the late 1920s as a rival to Sunnyside and modelled on the pier at Brighton in England. Only part of it was ever built. It opened in 1941, hosted big bands through the 1940s and 1950s, and burned in 1963. A plaque on the Waterfront Trail marks the spot.
Suites sized for people leaving a house
This is the main reason buyers come here. Condos.ca records suites from about 833 to 2,894 square feet; another listing site gives about 813 to 2,836. Either way, the smallest suite here is larger than many two-bedrooms in a 2020s tower, and the large plans are genuine house replacements.
That size is a product of when it was built. Early-1990s towers were sold to downsizers and established households, not investors, so layouts tend to have separate dining areas, real entry halls and more closet space. The other side is that kitchens and bathrooms in unrenovated suites are often original or partly updated, so the condition varies a lot from one suite to the next.
I could not confirm ceiling heights from a reliable source. Expect conventional heights for the era rather than the loft-style ceilings of newer buildings, and measure during a viewing if it matters to you. Parking is in a garage and is included in the fee; listings show suites with either one or two spaces, so confirm on the status certificate how many come with the suite you are considering and whether they are owned or exclusive-use.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
A fee that covers nearly everything
On paper, the fee looks high. Across the current listings it works out to about $1.20 per square foot, which is above most newer towers in Humber Bay Shores. But look at what it pays for: heat, air conditioning, hydro, water, cable TV, parking, building insurance and common elements.
Hydro is the one most people miss. In most newer buildings you pay your own hydro, and in many you also pay a separate sub-metered heating and cooling bill. Here you get one monthly payment and no separate utility bills for the suite. Bulk utilities also mean a heavy winter or a hot summer shows up in the building budget rather than your own bill, so read the budget line for utilities and ask how it has moved over the last few years.
Across the six suites currently listed, monthly fees run from roughly $920 to just under $3,400, which tells you how wide the range of suite sizes is. If you compare this building against a new tower, add back the hydro, heating, cooling, cable and parking you would pay there before you decide which one is cheaper.
Living at the mouth of the Humber
Palace Pier Court is a short private road off Lake Shore Boulevard West at the eastern end of Humber Bay Shores. The Humber River, the Waterfront Trail and the Humber Bay Arch Bridge are at your door, and the lakefront parks run west from here. For cyclists and runners, it is one of the best-placed buildings in the city.
The towers west of here mostly went up after 2000, when the old motel strip was cleared, so Palace Place and its sister tower are now the oldest residential buildings at this end of the shore. Expect continuing construction to the west: the City’s Park Lawn Lake Shore Transportation Master Plan, endorsed in 2022, supports the redevelopment of the former Christie cookie site and a new Park Lawn GO station, along with new streets around the Gardiner and the rail corridor.
The Gardiner and Lake Shore are close, which makes driving downtown or to the airport easy. The data panel on this page covers transit, schools and nearby food in more detail.
What you pay for the space
Condos.ca puts the building’s average at about $761 per square foot. That is low for a lakefront tower, and the reason is age and size: larger suites always sell for less per square foot, and buyers discount a 1990s building against newer stock nearby. What you get for that is one of the larger floor plans on this stretch of the lake.
There are six suites listed for sale at the moment. One-bedrooms ask roughly $540,000 to $650,000, and two-bedroom and two-bedroom-plus-den suites ask roughly $1.07 million to $1.65 million, with a larger three-bedroom above that. The asking range is wide because the suites are; compare by square footage, floor and view rather than by bedroom count.
With a high fee per square foot, do the full monthly comparison before you call this expensive or cheap. Once you take out hydro, heat, cooling and cable, the gap against a newer building narrows considerably. For sold prices and how long suites take to sell, see the data panel or ask me for the building sold report.
Building specifications
| Building name | Palace Place |
| Address | 1 Palace Pier Court, Etobicoke, Toronto |
| Developer | Bramalea Limited |
| Storeys | 44 (about 138 m) |
| Total suites | 504 |
| Plan | Cruciform tower |
| Condo corporation | MTCC-1053 |
| Registered | 12 May 1993 (completion is given as 1991 by Wikipedia and blogTO) |
| Property management | Crossbridge Condominium Services |
| Suite sizes | Approximately 833 to 2,894 sq ft (another source gives 813 to 2,836) |
| Maintenance fees | About $1.20 per sq ft across current listings |
| Fees include | Heat, hydro, air conditioning, cable TV, water, parking, building insurance and common elements |
| Sister building | The Palace Pier, 2045 Lake Shore Blvd W (separate corporation) |
Amenities at Palace Place
The indoor pool and sauna are the features residents use most, and a staffed concierge and security desk suits a building this size. Condos.ca lists pet restrictions, so read the declaration and rules before you bring a dog.
Jatin’s honest take on Palace Place
Who this building suits
Downsizers selling a house in Etobicoke, the Kingsway or the west end who want real square footage, a pool and one predictable monthly payment. It also suits anyone who wants to live on the Waterfront Trail. It is not where I would send a first-time investor looking for the smallest possible entry price, because the suites are not small.
What I’d want you to check
This is a building from the early 1990s, so you are buying into a corporation that is replacing major systems. Read the reserve fund study for the windows, the heating and cooling plant, the elevators, the garage and the pool, and ask what has already been done and what is coming. Check the budget history for the bulk utility lines, look at board minutes for planned projects, and confirm the parking and locker details for the specific suite. Ask about the pet rules, since the building lists restrictions.
The value question
At roughly $761 per square foot with hydro, heat and parking included, you are buying a lot of space on the lake for the money. You give up new finishes and you take on the cost of an older building’s upkeep. If the reserve fund is healthy and you plan to stay for years, I think it is one of the better ways to get house-sized living on the water in Toronto. If the reserve fund is thin, walk away and look at its neighbours.
Free building report: Palace Place
Send me your email and I’ll put together a current report on Palace Place — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Palace Place — frequently asked questions
Who built Palace Place?
Bramalea Limited developed Palace Place. It is the second of two towers on the former Palace Pier site; the first, The Palace Pier, was finished in 1978.
Is Palace Place the same building as The Palace Pier?
No. They are neighbouring towers with a similar cruciform design, but they are separate condominium corporations. Palace Place is MTCC-1053 at 1 Palace Pier Court; The Palace Pier is at 2045 Lake Shore Boulevard West.
How tall is Palace Place and how many suites does it have?
It has 44 storeys, about 138 metres, and 504 suites.
When was Palace Place built?
The corporation was registered on 12 May 1993, and listing sites date the building to 1993. Wikipedia and blogTO give 1991 as the completion year.
What do the maintenance fees include?
Heat, hydro, air conditioning, cable TV, water, parking, building insurance and common elements. You do not pay separate hydro or heating bills for the suite.
How big are the suites?
Suites range from roughly 830 to almost 2,900 square feet, so even the smallest plans are larger than many newer two-bedrooms.
Does Palace Place have a pool?
Yes. It has an indoor pool and a sauna, along with a concierge, security and guest suites.
Who manages Palace Place?
Crossbridge Condominium Services is listed as the property manager.
Are pets allowed?
Condos.ca lists pet restrictions. Check the declaration and rules in the status certificate before you buy.
Why is the site called Palace Pier?
It is named after the Palace Pier dance hall, which opened at the mouth of the Humber in 1941 and burned down in 1963.
How much do condos at Palace Place sell for?
Over the last 12 months the median resale at Palace Place was $1,000,000, across 16 sales. The typical unit sold in 23 days at about 95% of the asking price. That works out to roughly $795 per square foot.
How much is rent at Palace Place?
The median lease at Palace Place over the last 12 months was $3,700/mo, from 13 leases. Units typically leased in 7 days.
What does each unit type cost at Palace Place?
Over the last 24 months: One-bedrooms sold for a median $614,500 and rented for $3,000/mo; Two-bedrooms sold for a median $1,063,700 and rented for $4,250/mo. Each median uses three or more deals.
Are prices at Palace Place up or down since 2022?
Up about 4%. The median sold price per square foot was $764 in 2022 and $795 over the last 12 months.
What rental yield does Palace Place offer an investor?
At a median price of $1,000,000 and a median rent of $3,700 a month, the gross yield is about 4.4%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Palace Place?
A mix of both. Of the deals here in the last 24 months, 53% were leases and 47% were sales.
Can you Airbnb a unit at Palace Place?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows 1 active short-term rental registration at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Palace Place had elevator outages?
TSSA records show 1 outage of 48 hours or more since July 2022, about 57 days out of service in total, across 9 elevators.
What schools is Palace Place zoned for?
For TDSB public schools, the address is zoned for Étienne Brûlé Junior School (Elementary, JK–5), Park Lawn Junior Middle School (Middle, Gr 6–8), Lakeshore Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Palace Place?
The nearest subway is Jane station (Line 2 Bloor–Danforth), 2.2 km away; the nearest GO station is Mimico GO on the Lakeshore West line, 2.6 km; the 507 Long Branch streetcar stops 0.3 km away; the closest bus is the Prince Edward (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Palace Place?
Walk Score 66, Transit Score 63 and Bike Score 84. A car or transit helps for most errands.
What restaurants and shops are near Palace Place?
Within about a 10-minute walk: Eden Trattoria (Italian), Casa Boho Juice Bar & Cafe (Restaurant), Bb Cafe (Restaurant), AFC Zenshi Sushi (Sushi), La Vecchia Ristorante (Italian). The closest grocery store is Sobeys, 0.8 km away.
Which parks are near Palace Place?
Humber Bay Shores Park, Palace Pier Park, Sir Casimir Gzowski Park are the closest green spaces.
What is my unit at Palace Place worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Palace Place lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Humber Bay Shores, Mimico, the Queensway and central Etobicoke more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Humber Bay Shores, Mimico, the Queensway and central Etobicoke. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Palace Place, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Humber Bay Shores, Mimico, the Queensway and central Etobicoke building guides: 13 Silver Shadow Townhouses · 2 Bradbrook Road Townhouses · 293 The Kingsway · 385 The East Mall Townhouses · 4 The Kingsway · 60 Old Mill Road Condos
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.