Palace Place — Rental Market Data

Palace Place has 2 active listings as of August 31, 2026, spanning a price range of $3,050 to $4,500 per month with an average and median asking rent of $3,775. The two available suites average 997 square feet at a combined asking rate of $3.80 per square foot, split evenly between a one-bedroom (50 percent share) and a two-bedroom-plus-den (50 percent share). With only one unit in each tier, the active inventory is too small to identify a clear lean toward compact entry-level or multi-bedroom executive layouts; both tiers are represented by a single listing each.

The dominant active layout at Palace Place is the one-bedroom, with 1 listing representing 50 percent of available inventory at an average asking rent of $3,050 per month across 790 square feet and a rate of $3.86 per square foot. The remaining 50 percent is a two-bedroom-plus-den unit asking $4,500 per month for 1,204 square feet at $3.74 per square foot. Both tiers are single-listing samples, so neither layout tier offers renters a choice of multiple units within the building.

Palace Place's two active listings span a $1,450 spread, from a minimum entry rent of $3,050 per month to a peak asking rent of $4,500 per month, a 47.5 percent range. The median asking rent sits at $3,775 per month. The entry-level suite is a one-bedroom of 790 square feet priced at $3.86 per square foot, while the peak unit is a two-bedroom-plus-den of 1,204 square feet at $3.74 per square foot, meaning the larger layout actually carries a lower per-square-foot rate despite its higher absolute rent.

Palace Place's active den premium and the associated square-footage delta between den and non-den suites cannot be quantified from the current two-unit sample, as no paired comparison data is available. Parking stall premiums also cannot be reliably isolated for active listings; the platform flags the available data as an anomalous outlier or insufficient paired sample, so no specific monthly parking fee should be assumed. Renters interested in parking costs should request a direct quote from the leasing office.

Palace Place's active asking rent of $3,775 per month and rate of $3.80 per square foot compare to the Mimico submarket asking benchmark of $3,313 per month and $4.43 per square foot. The building's nominal monthly rent runs higher than the submarket average, but the 997-square-foot average suite size is more compact than what the submarket rate implies, and the per-square-foot spread of 14.2 percent below the neighbourhood asking rate reflects that size differential. Palace Place currently accounts for 2 out of 51 active listings in the Mimico submarket, a 3.9 percent share of available inventory.

Palace Place's all-time average realized lease rent of $3,800 per month sits $211 above the four-comparable benchmark of $3,589, with the spread driven by the building's larger average suite size rather than a per-square-foot premium. Palace Pier at 2045 Lake Shore Blvd W (0.06 km, three closed leases) realized an average of $5,117 per month at $4.21 per square foot across 1,658 square feet, meaning the subject trades at a $1,317 lower monthly rent. Nevis - Tower at 88 Palace Pier Crt (0.21 km, one closed lease) recorded $2,050 per month at $3.73 per square foot over 550 square feet, placing the subject $1,750 higher in nominal rent. The Player's Club at 2067 Lake Shore Blvd W (0.25 km, one closed lease) realized $3,600 per month at $9.00 per square foot across 400 square feet, with the subject commanding $200 more per month. Nevis - Villa at 80 Palace Pier Crt (0.19 km) recorded zero closed leases over the trailing 180 days and therefore has no realized rent benchmark to compare against.

Palace Place leases at $3.36 per square foot across an average 1,138 square feet, positioning it at a discount on rate per square foot against all three active competitors while delivering more interior space than two of the three. Against Palace Pier, the subject trades at a $0.85 per square foot (20.2%) discount and provides 520 fewer interior square feet, so the lower nominal rent reflects both a smaller footprint and a lower per-area rate. Versus Nevis - Tower, the subject trades at a $0.37 per square foot (9.9%) discount yet provides 588 more interior square feet; the $1,750 higher monthly rent is entirely a function of the larger suite, not a per-square-foot premium. Against The Player's Club, the subject trades at a $5.64 per square foot (62.7%) discount while providing 738 more interior square feet, meaning the $200 higher nominal rent is driven purely by the additional 738 square feet of living area rather than any valuation advantage per unit of space.

Palace Place offers a 22-item amenity suite spanning aquatic, racquet-sport, golf, and remote-work categories, making it the most broadly equipped building in this four-building cluster. The subject's Valet Parking and Driving Range are absent from all four competitors, while its Business Centre provides a broader remote-work offering than the single Meeting Room found at Palace Pier and Nevis - Tower. Palace Pier differentiates with an In-house Restaurant, Kids' Play Room, and Car Wash Bay that the subject does not carry, and Nevis - Villa adds a Rooftop Fireplace not present at Palace Place. The Player's Club and Nevis - Tower both offer a more limited amenity set without aquatic or racquet-sport facilities. This package best serves mid-career professionals and active households in the Mimico waterfront who prioritize on-site recreation, golf practice, and concierge-level convenience over compact-suite efficiency.