$628,900

For sale

#302 1 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#302 1 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A1

2 beds2 baths1 parking1,100 ft²$1,020/mo condo feeListed 45 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 45 days, fresher than the Toronto average of 56 days.

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Description

Welcome to 1 Michael Power Place, the newest building in the Michael Power community. This rarely offered 1,080 sq ft layout is among the largest in the building, offering exceptional space and flexibility. The den, complete with a door, can easily function as a second bedroom. The oversized primary bedroom features a large walk-in closet and a private ensuite, with enough space to accommodate a home office setup. The expansive living and dining area offers further potential to create additional workspace/room. Enjoy outstanding value with an extra-large corner locker, ideal for storing winter tires, bicycles, or even a full-size scooter - see photo. An extra-large parking space on level P1 is also included. This well-maintained unit features modern, upgraded finishes, newer flooring, and includes a floating TV stand/console and a pair of beautiful closets. Move in with confidence-no renovations or upgrades required. Conveniently located within walking distance to Islington Station, and close to schools including Islington JMS and Etobicoke Collegiate Institute. Situated in a family-friendly neighbourhood with parks nearby and a golf course just minutes away. Residents enjoy excellent amenities, including an indoor pool, sauna, fitness centre, party room, theatre room, billiards room, 24-hour concierge, and ample visitor parking. A must-see opportunity offering space, versatility, and unbeatable convenience. (id:66096)

Property Details

MLS®: W13812320
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,020/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,808.36/yr
Listed: 45 days ago

Rooms

Other

Bedroom: 5.26 x 3.25 meters
Den: 3 x 2.18 meters
Living room: 4.7 x 3.76 meters
Dining room: 5.18 x 3.05 meters
Kitchen: 3.66 x 2.44 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, Blinds
Exterior: Concrete
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

45d

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

56d

Price / ft²

$572

List price

$629K

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 45 days, which is 11 days fresher than the city average of 56. Act while there is still low competition.

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Listed by HOMELIFE LANDMARK REALTY INC. · JAMES SU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $628,900, about 6.8× the local median household income of $93,000.

Carrying it typically needs a household income of about $122,846 (20% down, 25-yr amortization, stress-tested) — roughly 32% 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)

$628,900· $572/ft²

For sale

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Full Cost Breakdown

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Down Payment6.02% · $37,890

Min 6.02%50%

Mortgage payment$3,277/mo

↳ CMHC premium ($23,640 capitalized)

Property tax (est.)$234/mo

Condo fee$1,020/mo

Total monthly$4,531

Cash Needed to Close

Down payment (6.02%)$37,890

Land transfer tax$18,106

Est. closing costs$4,387

Total cash needed$60,383

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