$489,990

For sale

#1804 5 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#1804 5 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A3

2 beds1 bath1 parking650 ft²$695/mo condo feeListed 12 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $489,990, it is attractively priced about 6% below the $519,000 median asking price in Toronto. It has been on the market 12 days, fresher than the Toronto average of 56 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome to Unit 1804 at 5 Michael Power Place, a bright and inviting 1-bedroom + den condo in the heart of Islington-City Centre West. Offering 658 sq. ft. of thoughtfully designed living space, this well-maintained suite features an open-concept layout with warm laminate flooring and plenty of natural light throughout. The kitchen overlooks the main living area and features granite countertops, a breakfast bar and plenty of cabinetry, creating an easy flow into the combined living and dining space. Step outside to the private balcony and enjoy the southwest exposure from the 18th floor. The spacious bedroom offers a large window and generous closet, while the versatile den provides valuable additional space for a home office, guest area or whatever best suits your lifestyle. A four-piece bathroom and convenient ensuite laundry complete the suite. Included are one owned underground parking space and one owned locker, adding everyday convenience and extra storage. Residents also enjoy building amenities including concierge/security, an exercise room, games room, party/meeting room and visitor parking. Set in vibrant Islington-City Centre West, close to Michael Power Park, neighbourhood shops and restaurants, with convenient access to Islington subway and Kipling GO for commuters, an ideal opportunity for first-time buyers, downsizers or anyone seeking well-connected condo living. (id:66096)

Property Details

MLS®: W13877104
Property Type: Single Family
Zoning: CL/R3
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
Condo Fee: $695/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,134/yr
Listed: 12 days ago

Rooms

Main level

Foyer: 1.2 x 4.11 meters
Kitchen: 2.53 x 2.71 meters
Dining room: 3.79 x 1.92 meters
Living room: 3.34 x 2.53 meters
Bedroom: 2.99 x 4.3 meters
Den: 2.64 x 2.15 meters
Laundry room: 1.21 x 1.03 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: Tile, Laminate
Exterior: Concrete
Lot Features: Lighting, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

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

56d

Price / ft²

$754

List price

$490K

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 12 days, which is 44 days fresher than the city average of 56. Act while there is still low competition.

Set a price alert Book a showing

Listed by Royal LePage Real Estate Associates · JUSTIN JEFFERY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $489,990, about 5.3× the local median household income of $93,000.

Carrying it typically needs a household income of about $95,712 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$489,990· $754/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $24,499.50

Min 5%50%

Mortgage payment$2,581/mo

↳ CMHC premium ($18,620 capitalized)

Property tax (est.)$178/mo

Condo fee$695/mo

Total monthly$3,453

Cash Needed to Close

Down payment (5%)$24,500

Land transfer tax$12,550

Est. closing costs$3,970

Total cash needed$41,019

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator