$469,900

For sale

#1005 5 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#1005 5 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A3

1 bed1 bath1 parking550 ft²$592/mo condo feeListed 44 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $469,900, it is attractively priced about 9% below the $519,000 median asking price in Toronto. It has been on the market 44 days, fresher than the Toronto average of 56 days.

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Description

Bright & Beautifully Updated Condo in the Heart of Desirable Islington Village! This sun-filled one-bedroom suite offers a spacious open-concept layout, perfect for comfortable living and entertaining. Featuring a newly renovated kitchen with granite countertops, breakfast bar, and modern finishes, plus a stylishly updated bathroom. Generous primary bedroom with double closet provides ample storage. Enjoy your own private balcony-ideal for morning coffee or evening relaxation. Unbeatable location just steps to Toronto Subway Line 2 at Islington Station, GO Transit at Kipling, Mi Way transit, shopping, dining, and everyday conveniences. Exceptional value in a vibrant, connected community! (id:66096)

Property Details

MLS®: W13817710
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $592/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,960.63/yr
Listed: 44 days ago

Rooms

Flat

Living room: 4.39 x 3.26 meters
Dining room: 4.39 x 3.26 meters
Kitchen: 2.7 x 2.32 meters
Bedroom: 3.7 x 3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Ceramic
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

44d

Toronto (Islington-City Centre West) listings, avg age

56d

Price / ft²

$855

List price

$470K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Toronto (Islington-City Centre West) has been listed for 44 days, which is 12 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · DANA HOROSZCZAK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $469,900, about 5.1× the local median household income of $93,000.

Carrying it typically needs a household income of about $91,788 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $93,000
Population: 36,642
Median age: 43.2
Owner / renter: 51% / 49%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M9A)

$469,900· $855/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,495

Min 5%50%

Mortgage payment$2,475/mo

↳ CMHC premium ($17,856 capitalized)

Property tax (est.)$163/mo

Condo fee$592/mo

Total monthly$3,230

Cash Needed to Close

Down payment (5%)$23,495

Land transfer tax$11,746

Est. closing costs$3,910

Total cash needed$39,151

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