$525,000

For sale

#1609 1 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#1609 1 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A1

2 beds1 bath1 parking650 ft²$663/mo condo feeListed 23 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $525,000 asking price sits right in line with the $519,000 median in Toronto. It has been on the market 23 days, fresher than the Toronto average of 56 days.

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Description

Enjoy breathtaking views from this bright, spacious open-concept 1-bedroom + den suite at 1 Michael Power Place, ideally situated in a highly sought-after Bloor-Islington neighbourhood! Featuring an upgraded kitchen with stainless steel appliances, a kitchen island and ceramic backsplash, plus upgraded hardwood flooring throughout. Recent updates include a renovated bathroom (2024), custom closet (2024), new LG fridge (2024), and LG washer and dryer (2026). Includes 1 underground parking and 1 locker. Enjoy exceptional building amenities, including an indoor pool, sauna, fitness centre, billiards room, library, party room, visitor parking and 24-hour concierge. Just steps to Islington Subway Station, Kipling GO Station, shopping and everyday conveniences, with easy access to major highways and Toronto Pearson Airport. Excitingly, the new Etobicoke Civic Centre and community hub is under development, with completion in 2028, bringing even more amenities and vibrancy to the neighbourhood. An excellent opportunity for comfortable urban living in a growing community! (id:66096)

Property Details

MLS®: W14029996
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $663/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,202.19/yr
Listed: 23 days ago

Rooms

Main level

Living room: 6 x 3.1 meters
Dining room: 6 x 3.1 meters
Kitchen: 3.35 x 2.3 meters
Primary Bedroom: 3.5 x 3.2 meters
Den: 2.8 x 2.55 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, Oven, Dryer, Microwave, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

23d

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

56d

Price / ft²

$808

List price

$525K

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 2-bed single family in Toronto (Islington-City Centre West) has been listed for 23 days, which is 33 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · ALEX LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $525,000, about 5.6× the local median household income of $93,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 10% above 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)

$525,000· $808/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$184/mo

Condo fee$663/mo

Total monthly$3,604

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$13,950

Est. closing costs$4,075

Total cash needed$45,525

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