2045 Lake Shore Boulevard W 2009, Toronto W06

$1,185,000
2045 Lake Shore Boulevard W 2009

$1,185,000

New
21d
Condo ApartmentApartment

2045 Lake Shore Boulevard W 2009, Toronto W06

Total Monthly Obligation $7,726

Beds
3
Baths
3
Park
2
Sqft
1800-1999
DOM
21d
Score
15
Yield
5.5%
Cash on Cash
-9.7%
Cap Rate
2.5%
5Y IRR
8.0%
10Y IRR
8.7%
Property Type-Condo Apartment
MLS® Number-W13854170
Beds-3
Bathrooms-3
Size-1800-1999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,109.78 (2026)
Maintenance-$2,403.97/mo
Locker-Ensuite+Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX WEST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Mimico
Title-Residential Condo & Other

No agent assigned

Suite 2009 at Palace Pier is where waterfront luxury meets a curated lifestyle with valet parking and a private shuttle to downtown. Inside, a sweeping open-concept living space sets the tone, anchored by a chef-inspired kitchen that could be pulled straight from a minimalist food magazine. The quartz island is built for hosting: small-batch wine tastings, late-night pasta sessions, or simply spreading out and enjoying the art of cooking. A walk-in pantry adds valuable extra storage. Stainless steel appliances keep the aesthetic clean and the culinary ambitions serious. The windows frame western sunset views that make you want to journal, paint, or pick up photography. The 3 bedrooms are generously scaled, including a serene primary retreat. The 5-piece ensuite features a tub - ideal for decompressing. Perfect for professionals returning to the city, families seeking space without sacrificing style, or downsizers who refuse to compromise on square footage or vibes. And then there's Palace Pier - a full resort disguised as a condominium community. Enjoy 24-hour concierge and security, valet parking, private shuttle to downtown, on-site fine dining at Veloute, guest suites, spa, convenience store, indoor saltwater pool, hot tub, sauna, tennis, squash, golf simulator, party room, BBQ areas, games rooms, library, arts studios, EV charging, car wash, and pet-friendly policies. Surrounded by beautifully landscaped waterfront grounds, Palace Pier was proudly recognized as Condo of the Year in 2020, a testament to its outstanding reputation. Perfectly positioned along the shores of Lake Ontario, steps to Humber Bay Park, the Martin Goodman Trail, marinas, and a network of waterfront parks. Maintenance fees that actually make life easier: heat, hydro, central air, water, high-speed internet, and cable with free movie channels - plus 2 parking spots and a locker. A rare opportunity to claim serious square footage in one of Toronto's most iconic waterfront properties.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$948,000
Land Transfer Taxes$20,175
Legal Fees (Est.)
$
Total cash required for closing$258,675

Total Monthly Obligation

$7,726/mo
Mortgage $4,780
Monthly Loss $6,469
Principal$1,258
Interest$3,522
Property Tax$342
Condo Fees$2,404
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.4%0
5-Year IRR
5.4%12
10-Year IRR
7.3%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$65,136/yr
NOI
$23,265/yr
Net Cash Flow
-$2,841/mo
Cash Margin
-52.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
13.8/ 100

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

Comparables

Properties near 2045 Lake Shore Boulevard W 2009

Time

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