The unit is located in the Palace Place building, which agent Luke Dalinda says is renowned for 'white-glove service, lavish facilities and management excellence.'Royal LePage Real Estate Services Ltd.
1 Palace Pier Court, No. 1203, Toronto
Asking price: $1,899,000 (October, 2025)
Previous asking price: $2,299,000 (July, 2025)
Selling price: $1,810,000 (November, 2025)
Taxes: $6,417 (2025)
Property days on market: 139
Listing agent: Luke Dalinda, Royal LePage Real Estate Services Ltd.
One of the 32-year-old unit's two bedrooms.Royal LePage Real Estate Services Ltd.
The action
In early 2025, a three-bedroom unit at the Palace Place building was purchased for $2.2-million. The condo had once been two separate units and the buyer proceeded to turn back the clock, creating two new units; one large, one smaller. After renovations, the larger unit, a 1,985-square-foot space overlooking the Humber River and Lake Ontario, was listed for sale at an asking price of $2,299,000.
Failing to sell, the asking price was cut by $400,000. The seller rejected a low bid for the two-bedroom corner unit but took the next offer, selling at $489,000 below the original asking price.
“There were suites sold in 2023 for $2.2-million,” agent Luke Dalinda said. “[The sellers] were following that sales history, but obviously, given the current market conditions, [values] fell from there.”
“The new owner renovated and separated the merged suites, selling this one for [over] $1.8-million and keeping the other, valued at $1-million.
“In all, a $2.8-million return on a $2.2-million investment within the same year.”
Every room in the unit has floor-to-ceiling windows.Royal LePage Real Estate Services Ltd.
What they got
This 32-year-old unit has floor-to-ceiling windows in each room, including two sunrooms, the kitchen and the living and dining areas, as well as one of two bathrooms.
The unit has two parking spots. Monthly fees of $2,231 cover the cost of utilities, valet, shuttle bus and concierge services, and use of a squash court and indoor pool.
The living room has real hardwood flooring, which the agent says is rare in condos.Royal LePage Real Estate Services Ltd.
The agent’s take
“[It is] in a landmark [building] renowned for white-glove service, lavish facilities and management excellence,” Mr. Dalinda said.
“Ninety per cent of the unit was redone. Like, they had real hardwood flooring in the living room – bleached oak white, which is rare. You get that more in a house.”