Palace Pier is a 45-storey residential high-rise completed in 1978 by Bramalea Limited. The building contains 433 units across its 45 floors, making it a substantial presence in Mimico's skyline. As a building of this era and scale, it offers the structure and amenities typical of established high-rise communities. Residents benefit from the building's maturity, with systems and layouts refined over decades of operation. The property has been a steady part of Mimico's residential landscape, housing families and individuals seeking waterfront proximity without the density of downtown Toronto.

Palace Pier sits in Mimico, a waterfront neighbourhood in southwest Toronto with direct access to Lake Ontario and its parks and trails. The area is well-served by public transit, including streetcars and buses that connect to downtown and other parts of the city. Nearby you'll find local shops, restaurants, and services along Dundas Street and the surrounding residential blocks. The neighbourhood attracts residents seeking a quieter, more established community feel while remaining connected to the broader city. Walkability is good for a suburban area, and the waterfront location offers recreational opportunities that define the character of the area.

Palace Pier suits buyers and renters looking for established waterfront living in a mid-rise building with a long track record. Current listings show an average unit size around 1,875 square feet with an average of 2.3 bedrooms, indicating a mix of layouts from one and two-bedroom units to larger family homes. Prospective residents should ask about maintenance fees and building reserve funds, as these are important factors in high-rise ownership. The building appeals to those who value proximity to the lake, prefer a quieter neighbourhood setting, and want to live in a structure with nearly five decades of operational history. First-time buyers, families, and professionals relocating to Toronto often find the range of prices and unit types in the building accessible and suitable for their needs.