I have written to announce that I have just leased Suite 1505 at Palace Place for $2,650 per month.
Luke Dalinda, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.
Tag Archives: Palace Place Toronto
Palace Place launches the new women’s spa!
I am pleased and honored to have led a wonderful team of residents and trades in the collaborative effort of building the new women’s spa at Palace Place. Come tour Palace Place to see why it is Toronto’s best luxury condominium residence on the waterfront.
Enjoy the photos!
For more photos, please visit: https://palaceplace.smugmug.com/Palace-Place-Womens-Spa/
JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 906 – $909,000 Toronto Life Condo of the Week
Palace Place, 1 Palace Pier Court, Suite 906 – For sale at $909,000
Toronto Life has awarded Palace Place the prestigious Condo of the Week title for Suite 906.
Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 906 is a modern condominium residence, with approximately 1,985 square feet of living space and breathtaking views of Lake Ontario. This suite features Ian Schrager-inspired finishes. Click for flyer.
Luke Dalinda, Sales Representative. Valentina Morasky, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.
The Dalinda Palace Place Report, February 2014, is out!
The new issue of The Dalinda Report has just been posted!
Palace Place had experienced a slow year in 2013. Total sales had decreased from 34 sales in 2012 to 27 sales in 2013. The average price per square foot for Palace Place for 2013 had been $412, which had been up from $405 in 2012.
The biggest news of 2013 was that I had set the historic, all-time record price per square of $515 for Palace Place.
I am honored to have again sold the most Palace Place suites and to have yet again set the most record prices for Palace Place by far.
My biggest complaint of 2013 is that Palace Place owners are not doing their homework and far to often have accepted lower market valuations from realtors looking to make a quick sale.
Buyers take note!
When these new shoebox condos are selling for $700 to $1000 per square foot, you can see that there is a lot of room for improvement in our $412 per square foot average.
In 2013, there had been 476 sales of condominium units that had been priced under $450,000 in the Humber Bay Shores area.
In 2013, there had only been 117 sales of condominium units that had been priced above the $450,000 price point. Of that amount, there had only been 38 sales of condominium units that had been priced between $500,000 and $600,000. Of those, only 4 sales were from Palace Place.
Finally, since January 2013, there had only been 37 sales of condominium units that had been priced above $700,000.
The big difference between 2012 and 2013 is that 2013 had seen the release of over 57 suites from Nautilus, 16 Brookers Lane, a brand-new Monarch building. To date, 48 of those suites have sold and 9 suites remain on the market.
Traditionally, Palace Place has stood on its own with the introduction of new condo buildings into the marketplace. While Nautilus is definitely not Palace Place, it is a very modern, brand new condo that offers great views and balconies. Palace Place has experienced a challenge in competing with this “new factor”. Add the challenges of qualifying for a mortgage under the new rules, and it is clear how we have seen a decrease in sales.
2014 will see even more new inventory come on the market, and a lot more is scheduled for 2015. It will take hard work and passion to keep the incredible value proposition of Palace Place at the forefront.
I continue to seek innovative solutions to attract buyers to your suite. I truly believe that Palace Place is the best-built building in Toronto and one of the city’s foremost residential opportunities.
This report article has been written by Luke Dalinda.
All statistics have been provided by the Toronto Real Estate Board, Royal LePage, and The Dalinda Report.
TM © The Dalinda Report. All rights reserved.
The information that has been written herein has been obtained from sources that have been deemed reliable. There has been no reason to doubt its accuracy, but, regretfully, it cannot be guaranteed.
Palace Place, Suite 2802 JUST SOLD!
I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 2802 for $540,000 by having represented the buyer and seller.
As January continues to fire on all cylinders, buyers are actively trying to find quality suites. It is time for sellers to take note.
If you are looking to sell your Palace Place suite for the best price, please call me today!
Please be sure to check out Toronto Life’s Condo of the Week!
Luke Dalinda
Email: ldalinda@dalinda.net Tel: 416-725-7170
Palace Place, Suite 4306 JUST SOLD for $895,000!
I have written to proudly announce that I have sold yet another suite at Palace Place by having just sold Suite 4306 for $895,000 by having represented the seller.
The New Year is off to a fantastic start. January 2014 is proving to be one of the most active Januarys in Palace Place’s history! After a very slow fall market, where the majority of sales had occurred for condos priced under $450,000, we are seeing passionate interest from buyers in condos that offer bigger spaces!
Buyers want space, and, most importantly, buyers want quality. New construction fails to deliver these two key requirements. Palace Place offers magnificent floor plans that you cannot find in new buildings today!
Let me show you an exclusive collection of suites that represent the best that Palace Place has to offer! Call me today!
Please be sure to check out Toronto Life’s Condo of the Week!
Luke Dalinda
Email: ldalinda@dalinda.net Tel: 416-725-7170
Palace Place Awarded Condo of the Week by Toronto Life!
Toronto Life has awarded Palace Place the prestigious Condo of the Week title for Suite 906.
According to Luke Dalinda, Palace Place’s longest serving realtor and Vice President (MTCC 1053), “This is a well deserved recognition for one of Toronto’s foremost residential opportunities. We thank Toronto Life for this honor.”
Palace Place is the most prestigious, luxurious, and best managed waterfront condominium residence in Toronto.
Come see why! Contact Luke Dalinda today, Email: LDALINDA@DALINDA.NET Tel:416-725-7170.
MUST WATCH: CBC Documentary – The Condo Game!
The CBC has hit the proverbial nail on the head with their new documentary, “The Condo Game”. Toronto’s condo market has truly become the new “wild west”.
Palace Place: Built to last
Today, condominium buildings are built rapidly with the construction workers and builders focused on the next big project. Palace Place had been built in a very different time and in accordance to the strictest quality standards.
A simple, significant example is that Palace Place, like commercial towers, had been built with curtain walls as part of its unrivaled construction. Palace Place was not built with the common window wall method used today, which will undoubtedly represent significant costs to buyers in 7 to 10 years.
The builders of Palace Place had known that this was not just another condominium building. They had realized that Palace Place would be a landmark that would be a living tribute to their hard work, dedication, and talent that would stand the test of time.
This view of construction has long been lost in our current age of extreme consumption.
Read more about Palace Place’s superior construction in “Palace Place” by Luke Dalinda. https://www.Dalinda.net/PalacePlaceBook
JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 2802 – $579,000
Palace Place, 1 Palace Pier Court, Suite 2802 – For sale at $579,000
Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 2802 is a stunning, immaculate condominium residence, with approximately 1,204 square feet of living space and the most sought after views of the Toronto skyline and Lake Ontario. Includes 1 car parking and 1 locker! Click for flyer. Call or send an email now to Luke.
Luke Dalinda, Sales Representative. Valentina Morasky, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.
JUST LISTED: Palace Place, 1 Palace Pier Court, Suite 906 – $909,000
Palace Place, 1 Palace Pier Court, Suite 906 – For sale at $909,000
Breathtaking is the word that best describes Palace Place, which is the most prestigious, luxurious, and best managed waterfront condominium residence in Canada. Suite 906 is a modern condominium residence, with approximately 1,985 square feet of living space and breathtaking views of Lake Ontario. This suite features Ian Schrager-inspired finishes. Click for flyer.
Luke Dalinda, Sales Representative. Valentina Morasky, Sales Representative. Royal LePage Real Estate Services Ltd., Brokerage.
The Dalinda Report, September 2013, is out!
The new issue of The Dalinda Report has just been posted!
While the home market is firing on all cylinders, the condo market is having a tough year, especially in the Humber Bay Shores area. We are seeing realtors offer as much as 4.5% to the co-operating brokerage for selling hard-to-sell suites. In fact, some of my Palace Place listings have offered as much as 3.5% to the co-operating brokerage, a requirement that I have not seen in over 16-years.
In these market conditions, it takes unparalleled market knowledge and innovative, new compensation models to effect sales. These market conditions truly separate realtors with talent from those without. A realtor who knows his product, has key connections, and can walk his talk is critical in getting the deal done in today’s market.
My sole purpose is to get you the highest possible price, a record price, for the least possible cost.
Given the challenging market conditions, Palace Place had experienced a strong period from June 1, 2013 to September 5, 2013, as total sales had decreased marginally from 9 sales in 2012 to 8 sales in 2013. Prices had increased significantly during this time. In fact, three of these eight sales had been sold by me.
• I had sold Suite 3906 for the record price of $928,000, or $457 per square foot, which had represented $108,000 over the last 06 sale price.
• I had sold Suite 4305 for the price of $608,500.
• I had sold Suite 1211 for the all-time record price of $383,000.
As always, I am honored to be considered for your real estate needs. Thank you for your time.
Palace Place offers the best views in the city!
You cannot get these views at Trump Tower Toronto or Shangri La Toronto. Add the unrivaled construction, size of suites, and over 20-years of sound financial management, and you have Toronto’s foremost residential opportunity.
Call Luke Dalinda today for your private tour of an exclusive collection of exceptional residences. Tel: 416-725-7170 Email: LDALINDA@DALINDA.NET