$439,000

For sale

#509 7 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#509 7 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A4

1 bed1 bath1 parking550 ft²$754/mo condo feeListed 16 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $439,000, it is attractively priced about 15% below the $519,000 median asking price in Toronto. It has been on the market 16 days, fresher than the Toronto average of 56 days.

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Description

Lovingly Maintained 1-Bedroom Condo in the Heart of Islington Village! Welcome to this lovingly maintained 1-bedroom, 1-bathroom condo offering a wonderful combination of space, natural light and an excellent floor plan. The bright and spacious kitchen and living room provides plenty of room to cook and entertain, while the generous bedroom offers a comfortable retreat at the end of the day. Step out onto the private balcony, the perfect spot to relax with your morning coffee, unwind after a long day, or settle in with a good book. A fantastic opportunity for first-time buyers, downsizers or investors looking for a well-maintained property in a highly desirable location. Enjoy the best of Islington Village right outside your door, with the Islington Subway Station, shops, cafes and restaurants along Bloor Street all just steps away. Easy access to the Gardiner Expressway, Highway 427, Sherway Gardens and more. (id:66096)

Property Details

MLS®: W14101162
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Electric, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $754/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,956.64/yr
Listed: 16 days ago

Rooms

Main level

Kitchen: 2.57 x 3.2 meters
Living room: 4.37 x 3.2 meters
Primary Bedroom: 4.01 x 2.9 meters
Bathroom: 1.52 x 2.18 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, Hood Fan, Window Coverings
Flooring: Tile, Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

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

56d

Price / ft²

$799

List price

$439K

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 16 days, which is 40 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · LAURA UBALDINO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $439,000, about 4.7× the local median household income of $93,000.

Carrying it typically needs a household income of about $85,752 (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)

$439,000· $799/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,950

Min 5%50%

Mortgage payment$2,312/mo

↳ CMHC premium ($16,682 capitalized)

Property tax (est.)$163/mo

Condo fee$754/mo

Total monthly$3,230

Cash Needed to Close

Down payment (5%)$21,950

Land transfer tax$10,510

Est. closing costs$3,817

Total cash needed$36,277

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