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Real Estate News

Rental of the Week: $7,500 per month to live by the lake in Mimico

By Maria Iqbal| Photography by Odyssey 3D
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Rental of the Week: $7,500 per month to live by the lake in Mimico

Address: 1 Palace Pier Court, Unit 2901 Neighbourhood: Mimico Agent: Harry Sarvaiya, Re/Max West Realty Inc., Brokerage Price: $7,500 per month

The place

A spacious apartment with views of Lake Ontario.

The history

The tower, known as Palace Place, was built in 1993 by Bramalea. This 29th-floor unit is one of the largest in the building. A family bought the apartment in 2004 and lived here for 10 years. They recently put in hardwood floors and repainted the walls.

Here’s the living area:

Rental of the Week: $7,500 per month to live by the lake in Mimico

The dining area has a lake view:

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Rental of the Week: $7,500 per month to live by the lake in Mimico

Here’s the kitchen:

Rental of the Week: $7,500 per month to live by the lake in Mimico

Downtown is visible in the distance:

Rental of the Week: $7,500 per month to live by the lake in Mimico

There are three bedrooms. Here’s one of them:

Rental of the Week: $7,500 per month to live by the lake in Mimico

And another:

Rental of the Week: $7,500 per month to live by the lake in Mimico

The master bedroom is large, and has high enough ceilings for an imposing four-poster bed:

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Rental of the Week: $7,500 per month to live by the lake in Mimico

This is a bathtub with a view:

Rental of the Week: $7,500 per month to live by the lake in Mimico
Major perks

The apartment has plenty of big windows, with views of the city and Lake Ontario. Plus, the building offers a free shuttle service to Union, for those who would rather not max out their Presto cards.

Possible deal breaker

The price might be a turnoff for some, but, considering the fact that it includes all the furniture and $2,600 in monthly maintenance fees, it might actually be a good deal for the right tenant.

By the numbers

• $7,500 per month • 2,836 square feet • 3 bedrooms • 3 bathrooms • 2 underground parking spaces

The Hunt

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