Skip to main content

Toronto Real Estate Condo in popular waterfront Etobicoke building gets two competing offers

Toronto West Realty Inc./Toronto West Realty Inc.

1 Palace Pier Ct., No. 1912, Toronto

Asking price: $550,000

Selling price: $550,000

Story continues below advertisement

Previous selling prices: $370,000 (2014); $260,000 (2007); $217,000 (2002); $147,500 (1994)

Taxes: $2,046 (2018)

Days on the market: Three

Listing agent: Anne Adams, Toronto West Realty Inc.

The action

The listing agent says Palace Place has 'exceptional amenities,' including a shuttle bus to downtown Toronto.

Toronto West Realty Inc./Toronto West Realty Inc.

Just a few days into the new year, two parties presented offers for this one-bedroom suite at Palace Place.

“There was nothing else on the market at the time in the building and it’s a very nice, luxurious building,” agent Anne Adams said.

“They have exceptional amenities. They even have a shuttle bus to downtown … concierge, valet parking, party room, media room and indoor pool.”

What they got

This 812-square-foot suite in a popular high-rise at the mouth of the Humber River has plenty of natural light, with a solarium off the bedroom and wall-to-wall windows across the living and dining area.

A central vacuum system and stacked laundry machines allow for easy cleaning. There’s a parking spot and a large storage locker.

Monthly fees of $786 cover utilities and cable, as well use of the recreation facilities.

The 812-square-foot unit has wall-to-wall windows that let light flow into the living and dining area.

Toronto West Realty Inc./Toronto West Realty Inc.

The agent’s take

“It’s a spacious one-bedroom with an open-floor plan, which is really nice,” said Ms. Adams, who notes two-bedroom units are the norm in the nearly 30-year-old building.

“[Plus] the view was of the Humber River to the east and High Park in the distance.”

This unit also had the benefit of a recent face lift.

Story continues below advertisement

“The upgraded, white quartz countertops were very attractive in both the kitchen and in the bathroom,” Ms. Adams said. “And the flooring throughout was engineered hardwood that was also very appealing to today’s buyer.”

Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Discussion loading ...

Cannabis pro newsletter