Condo of the Week: $1.55 million for a three-bedroom suite in one of Canada’s oldest luxury towers

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Published on: August 12, 2016

Address: 2045 Lake Shore Boulevard, Unit 2601
Neighbourhood: Mimico
Agent: Andrea Morrison, Royal LePage Real Estate Services Ltd.
Price: $1,550,000
Previously sold for: $1,442,000, in 2007

The place

A large, three-bedroom unit in one of Canada’s oldest luxury condo towers. It juts out from the building and has plenty of windows, so the owner can see Lake Ontario from nearly everywhere.

Here’s the foyer:


The living room:


The dining room, with fancy chandelier:


And here’s the updated kitchen. Judging by the photos alone, you’d never guess this place was almost 40 years old:


The kitchen has a dining area of its own:


There are two guest bedrooms. Here’s one:


And the other:


The master bedroom has its own office alcove:


And here’s the master ensuite:


The history

Completed in 1978, Palace Pier was described by the Toronto Star at the time as “among the most elegant and luxurious in any city in North America.” The Star also noted the condo’s “car-oriented adult clientele.” Three-bedroom units like this one started at $184,000 during pre-construction in 1977. Maintenance fees ran about $400. This unit was recently modernized. The most recent owner has died.

Big selling point

The developers didn’t skimp on amenities. The health-conscious can use the pool, squash courts, gym, tennis court or putting green. There’s also a billiards room, arts and crafts room, carpentry room, library and 64-seat restaurant. The rooftop space has a sun deck, theatre and bar. The building also has a 24-hour concierge and valet parking.

Possible deal breaker

Like many early condos, this one has no balconies. There are, however, communal barbecues and picnic tables at the base of the building.

By the numbers

• $1,550,000
• $2,899 in monthly maintenance fees
• 3,285 square feet
• 4 bathrooms
• 3 bedrooms
• 2 parking spaces
• 1 fireplace

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REALTOR® with a dream opens her own office in Montreal, QC

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Published on: August 12, 2016

(left to right): Chafic Kamal, Linda Marino, Thérèse Kesserwani (owner), Leila Kesserwani, David Khalife, and Raghida Kesserwani.

VAUDREUIL-DORION, QC – Therese Kesserwani started her real estate career 15 years ago in a close-knit CENTURY 21® office in Montreal. With a determined, positive attitude and knowledgeable and friendly approach, she always felt she had what it took to open her own office. Just this May, she brought her dream to life and opened CENTURY 21 Royale Prestige in the Vaudreuil-Dorion district.

When it came to location, Kesserwani chose a welcoming, luxurious patrimonial house right on the water. More importantly, it’s accessible and high traffic. Thousands of vehicles pass by the location each day as it is near three major highways on a bustling commercial street. 

 “We’re able to offer the most up-to-date technology, making us more productive and efficient than other brands. This makes a big difference to agents joining the team,” said Kesserwani, owner CENTURY 21 Royale Prestige. “CENTURY 21 is known worldwide. Our listings directly reach 78 countries and our agents are connected with the largest referral network on earth. We’re set up to succeed.”

Drop by the new office at 350 avenue St-Charles to meet Kesserwani and hear more of her story. Or, visit the CENTURY 21 Royal Prestige website to experience the C21® difference. 

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Media contact
Ashley Lockyer
Communications Marketing Strategist
CENTURY 21 Canada™  

About CENTURY 21 Canada
Century 21 Canada Limited Partnership ( is a real estate master franchisor with complete rights to the CENTURY 21® brand in Canada. As a sponsor in the real estate category of the AIR MILES® Reward Program, participating CENTURY 21 offices can offer customers Miles on their real estate transactions. 

The CENTURY 21 System is the world’s largest and most recognized residential real estate franchise sales organization with approximately 6,900 independently owned and operated franchised broker offices worldwide and over 100,000 sales professionals. CENTURY 21 provides comprehensive technology, marketing, training, management, and administrative support for its members in 78 countries and territories worldwide. 

®/™ trademarks owned by Century 21 Real Estate LLC used under license or authorized sub-license. ©2016 Century 21 Canada Limited Partnership.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.

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