$399,000

For sale

#101 7 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#101 7 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A4

1 bed1 bath1 parking550 ft²$635/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $399,000, it is attractively priced about 23% below the $519,000 median asking price in Toronto. It has been on the market 22 days, fresher than the Toronto average of 57 days.

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Description

Beautifully renovated ground floor unit with walk out to your private patio ready to move in! Amazing location within walking distance to Islington Subway. Bright, airy and full of natural light all in a comfortable layout. Best of all the small condo fee of 634.68 covers: heat , hydro, water, building insurance & amenities - you only have to get your own internet or phone subscription! Fully eqiupt gym, party room and billiard room. Enjoy BBQ's, locker and a premium wide parking space. This complex is extremely desirable and well maintained! You have plenty of shops on Dundas, and Tom Riley Park is close by. Quartz counter top with excellent appliances + water softener. Built-in closet/pantry. This amazing neighbourhood offers convenience, excellent transit, and gorgeous park trails close by. It is the ideal first time buyer opportunity in Etobicoke's picture perfect, Islington Village. (id:66096)

Property Details

MLS®: W14029550
Property Type: Single Family
Zoning: Residential
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: $635/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,879.91/yr
Listed: 22 days ago

Rooms

Main level

Living room: 4.34 x 3.15 meters
Dining room: 4.34 x 3.15 meters
Kitchen: 2.54 x 3.15 meters
Bedroom: 3.27 x 2.65 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, Water softener, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Blinds
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

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

57d

Price / ft²

$726

List price

$399K

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 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · FAUSTO PLOS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $399,000, about 4.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $77,939 (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)

$399,000· $726/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,950

Min 5%50%

Mortgage payment$2,102/mo

↳ CMHC premium ($15,162 capitalized)

Property tax (est.)$157/mo

Condo fee$635/mo

Total monthly$2,893

Cash Needed to Close

Down payment (5%)$19,950

Land transfer tax$8,920

Est. closing costs$3,697

Total cash needed$32,567

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