$474,900

For saleJust listed

##2101 5 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

##2101 5 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A3

1 bed1 bath1 parking550 ft²$630/mo condo feeListed Today

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $474,900, it is attractively priced about 8% below the $519,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 57 days.

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Description

Welcome to this bright and spacious 1-bedroom, 1-bathroom condo offering an exceptional layout in a highly sought-after location. Enjoy breathtaking sunrise views and an impressive city skyline from the airy private balcony. This well-appointed suite includes 1 parking space and 1 locker for added convenience. The open-concept living and dining area is filled with natural light and features a walk-out to panoramic views of the city and Lake Ontario. The generously sized bedroom offers a double closet, while the modern kitchen is equipped with granite countertops and a breakfast bar, perfect for everyday living and entertaining. Residents enjoy outstanding amenities including 24-hour concierge service, a fitness center, games room, and visitor parking. Ideally located within walking distance to Islington Subway Station and Kipling GO Station, with easy access to Highways 427 and the QEW. Surrounded by an abundance of shops, restaurants, and everyday conveniences along Dundas Street West and Bloor Street. Move-in ready and an excellent opportunity for first-time buyers, downsizers, or investors. BONUS FOR THE BUYER! A brand-new furniture package is available as a bonus with the purchase of this property, including 1 queen-size bed with mattress, 3-seater sofa, stylish 3 bar stools, coffee table, and bedroom and living room curtains. Move in ready and enjoy these added extras! (id:66096)

Property Details

MLS®: W14151564
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: $630/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,998.33/yr
Listed: Today

Rooms

Main level

Kitchen: 2.25 x 2.6 meters
Living room: 3.18 x 4.5 meters
Dining room: 3.18 x 4.5 meters
Bedroom: 3.27 x 3.6 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, Furniture
Flooring: Laminate, Carpeted
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

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

57d

Price / ft²

$864

List price

$475K

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

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Listed by EVEREST REALTY LTD. · KARNA BATALA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $474,900, about 5.1× the local median household income of $93,000.

Carrying it typically needs a household income of about $92,765 (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)

$474,900· $864/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,745

Min 5%50%

Mortgage payment$2,501/mo

↳ CMHC premium ($18,046 capitalized)

Property tax (est.)$167/mo

Condo fee$630/mo

Total monthly$3,297

Cash Needed to Close

Down payment (5%)$23,745

Land transfer tax$11,946

Est. closing costs$3,925

Total cash needed$39,616

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