
Palace Place · 1 Palace Pier Crt
2 bedrooms · 3 bathrooms
Listed at $1,550,000
Neighbourhood guide
Toronto's lakefront condo community. Skyline views, waterfront trails, and buildings with real personalities.
5.0 · 35 Google reviewsGuide updated · October 2026
Humber Bay Shores is 34 towers and about 10,000 homes on the Etobicoke waterfront in Mimico, minutes west of downtown. It's high-rise living that somehow kept a neighbourhood feel — morning coffee on the boardwalk, sunset over the lake, the skyline doing its thing across the water.
We watch this market daily. We know the buildings, the floor plans that sell, and the ones that sit. If you're buying or selling here, that building-level knowledge is the whole game.
September 2026 · TRREB District W06 · by home type
| Home type | Avg price | Median price | Sales | New listings | Avg days on market |
|---|---|---|---|---|---|
| Condo apartment | $640,225 | $557,500 | 40 | 151 | 46 |
| Detached | $1,279,857 | $1,200,000 | 25 | 84 | 20 |
| Semi-detached | $830,000 | $830,000 | 1 | 9 | 39 |
| Townhouse | $1,093,333 | $1,120,000 | 9 | 7 | 16 |
Semi-detached and townhouse figures are based on a small number of sales (1 and 9). Figures are for the full TRREB district, not the neighbourhood alone.
Source: TRREB Market Watch, September 2026.
Want the hyper-local picture? Our September 2026 Humber Bay Shores condo report tracks just the neighbourhood's towers — 10 sales across 8 buildings — not the whole district.
By the numbers
Reported condo fees on the strip run from about $0.68 to $1.51 per sq ft per month — but the headline rate hides the real story. Older buildings bundle utilities the newer towers bill separately, so the true gap is narrower than it looks.
| Era | Listed fee range | Typically included |
|---|---|---|
| 1978–2007 | $0.99–$1.51 | Heat, water; often hydro, cable & internet |
| 2011–2015 | $0.68–$1.10 | Heat, water, A/C; hydro usually extra |
| 2017–2022 | $0.68–$1.04 | Water; hydro and heat usually extra |
Palace Place, Palace Pier, Grand Harbour, Marina Del Rey and Grenadier Landing bundle hydro and heat that owners in the newer towers pay on top of their fee. A $1.20 fee with everything in can beat a $0.80 fee with hydro and heat on top.
Small suites read higher per square foot in the same building — at Explorer, a 359 sq ft studio works out to $1.26 versus $1.14 for a 1,548 sq ft suite. Compare rates at similar sizes.
The Waterford’s fees climbed about 35% in four years on same-size suites ($1.10 in 2022 to $1.48 in 2026). Always review the status certificate and reserve fund study before you buy.
Palace Pier and Palace Place sit mid-pack on $/sq ft despite full white-glove service — because utilities and cable are already in the fee.
Ranges from 2024–2026 MLS listings, compiled October 2026. Fees vary by unit — verify against the status certificate before buying.
The white-glove landmark. Full-service, and priced like it.
Palace Place's sister building on the water.
A Humber Bay mainstay with direct waterfront access. Read our building guide →
2022 tower, strong layouts, popular with end users.
Boutique lakefront living on the quieter west stretch.
Three resort-style towers with the Malibu Club, marina views, and a gated-community feel.
Brick-and-glass classic with tower suites and townhouses, steps to the trail.
Boutique mid-rise right on Humber Bay Park — lake and park views.
30-storey tower with the rooftop terrace everyone talks about.
Resort-style waterfront living on Annie Craig Drive, right on the lake.
By the numbers
We counted every condo building on the Humber Bay waterfront — from Palace Pier and Palace Place in the east to Grand Harbour in the west. Thirty-four towers, just over 10,000 homes, built across five decades.
Where Humber Bay started: the original waterfront towers.
| Building | Address | Units | Built |
|---|---|---|---|
| Palace Pier | 2045 Lake Shore Blvd W | 433 | 1978 |
| Marina Del Rey I, II, III | 2261 / 2267 / 2269 Lake Shore Blvd W | 817 | 1990–91 |
| Grand Harbour A, B & C | 2285 / 2287 Lake Shore Blvd W | 395 | 1991–93 |
| Palace Place | 1 Palace Pier Crt | 504 | 1993 |
| Newport Beach (N & S Towers) | 2111 Lake Shore Blvd W | 238 | 2000 |
Boutique mid-rises filled in the gaps along Marine Parade.
| Building | Address | Units | Built |
|---|---|---|---|
| Lakeside Place | 2067 Lake Shore Blvd W | 92 | 2002 |
| Grenadier Landing | 5 Marine Parade Dr | 262 | 2003 |
| The Waterford (A, B, C) | 2083 / 2087 / 2095 Lake Shore Blvd W | 284 | 2005 |
| Explorer at Waterview | 58 Marine Parade Dr | 270 | 2007 |
The strip fills out: the big master-planned clusters go up.
| Building | Address | Units | Built |
|---|---|---|---|
| Beyond the Sea (3 towers) | 2230 / 2240 Lake Shore Blvd W | ~831 | 2011–12 |
| Waterscapes | 80 Marine Parade Dr | 344 | 2014 |
| Westlake I, II, III | 2200 / 2212 / 2220 Lake Shore Blvd W | 1,352 | 2015 |
| Ocean Club Tower & Boutique | 59 / 60 Annie Craig Dr | ~519 | 2015 |
| Riva del Lago | 110 Marine Parade Dr | 155 | 2017 |
| Lago at the Waterfront | 56 Annie Craig Dr | 448 | 2017 |
| Jade Waterfront | 33 Shore Breeze Dr | 381 | 2018 |
| Westlake Encore | 10 Park Lawn Rd | ~523 | 2018 |
| Eau du Soleil (Water & Sky) | 20 / 30 Shore Breeze Dr | 1,285 | 2019 |
The latest generation on Annie Craig Drive.
| Building | Address | Units | Built |
|---|---|---|---|
| Beyond the Sea (North Tower) | 38 Annie Craig Dr | — | — |
| Cove at Waterways | 39 Annie Craig Dr | 281 | 2021 |
| Vita on the Lake | 70 Annie Craig Dr | 489 | 2022 |
| Vita Two on the Lake | 65 Annie Craig Dr | 169 | 2022 |
Unit counts are approximate, compiled from condo and MLS sources, October 2026. Westlake Encore sits just north of Lake Shore Blvd W at Park Lawn.

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Selling?
Get a building-level valuation — what your exact floor plan is selling for right now, not a city-wide average.











The spots I actually send people to. Six below — the full list of 17 lives here.
“My favorite here is the breakfast cookie — famous among everyone who lives in the Mimico area — and the Colombian roast, which is so rich and delicious.” — Jim
In the retail base of Eau Du Soleil
“My favorite apple turnover — and café Americano — along Marine Parade Drive.” — Jim
In the base of Riva Del Lago
“The restaurant that started it all on Marine Parade!” — Jim
In the base of Explorer at Waterview
“My favorite pizza is the Drake Was Here — bacon, pineapple, green pepper and BBQ sauce.” — Jim
In the retail base of Eau Du Soleil
“My favorite for best restaurant ambiance along Humber Bay.” — Jim
On the ground floor of Cove at Waterways
“Bigger and better than ever — over 40 local vendors every Saturday morning at Humber Bay Park West, 9 to 2.” — Jim
Humber Bay Park West — an easy waterfront stroll from the Marine Parade condos
The Humber Bay Shores Monthly
Average prices by home type, what’s selling, how fast — plus what’s happening in the neighbourhood. Straight from TRREB’s Market Watch. No fluff, no spam.
In Humber Bay Shores itself, condos have recently sold at a median of about $700,000 — typically within 3% of asking. (Across the wider W06 district in September 2026, TRREB reported a $557,500 condo median.) One-bedrooms start in the high $500s; larger two-bedrooms with lake views run well into the $800s and beyond.
Palace Place and Palace Pier are the prestige picks with full white-glove service. Grand Harbour, Vita on the Lake, and the Marine Parade buildings all have strong followings — the right choice depends on your floor plan, view corridor, and budget. We've bought or sold in most of them.
It can be. Strong rental demand from downtown commuters, but watch maintenance fees and the age of the building. We run the numbers honestly before you buy.
About 20 minutes by car off-peak. The 501 streetcar runs along Lake Shore, and Mimico GO gets you to Union in under 15 minutes.
Humber Bay Shores is the lakefront condo district within the broader Mimico neighbourhood. Same waterfront, more towers, more skyline views.
One conversation. Honest numbers, a clear plan, and no pressure — whether you're buying, selling, or just thinking about it.