$629,900

For sale

#Ph02 5 Michael Power Place, Toronto (Islington-City Centre West) - Single Family for Sale

#Ph02 5 Michael Power Place, Toronto (Islington-City Centre West), Ontario, M9A0A3

2 beds2 baths1 parking850 ft²$890/mo condo feeListed 24 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 24 days, fresher than the Toronto average of 56 days.

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Description

Penthouse Perfection! Spectacular City Skyline & Lake Ontario Views! Fall in love with the views, the light, and the lifestyle! Perched high above the city, this bright and spacious penthouse delivers unobstructed panoramic views of the Toronto skyline and Lake Ontario that never get old. The inviting open-concept living and dining area offers plenty of room to entertain, host dinner parties, or simply kick back and relax. Step out to your own private balcony - the perfect spot to sip a glass of wine, watch the sunset, and take in the sparkling cityscape.The thoughtfully designed split-bedroom layout offers the ideal balance of space and privacy. The generous primary bedroom features a private 3-piece ensuite, while the second bedroom is perfect for guests, a roommate, or your dream home office. A second full bathroom adds extra convenience. The stylish kitchen boasts granite countertops, stainless steel appliances, and an open view into the living area, so you can cook up a storm without missing a moment of your favourite show or the conversation! Whether you're a first-time buyer, downsizer, professional, or savvy investor, this penthouse offers the perfect opportunity to enjoy elevated city living with a view you'll never tire of! Come for the views - stay for the lifestyle! Elevated living, incredible views, and unbeatable convenience - this penthouse is the complete package! (id:66096)

Property Details

MLS®: W13997938
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $890/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,587/yr
Listed: 24 days ago

Rooms

Main level

Living room: 0.1 x 0.1 meters
Dining room: 0.1 x 0.1 meters
Kitchen: 0.1 x 0.1 meters
Primary Bedroom: 0.1 x 0.1 meters
Bedroom: 0.1 x 0.1 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Laminate, Carpeted, Ceramic
Exterior: Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

24d

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

56d

Price / ft²

$741

List price

$630K

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 24 days, which is 32 days fresher than the city average of 56. Act while there is still low competition.

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Listed by RE/MAX HALLMARK REALTY LTD. · STUART MALCOLM SANKEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M9A)

This home lists at $629,900, about 6.8× the local median household income of $93,000.

Carrying it typically needs a household income of about $123,042 (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)

$629,900· $741/ft²

For sale

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Full Cost Breakdown

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Down Payment6.03% · $37,990

Min 6.03%50%

Mortgage payment$3,282/mo

↳ CMHC premium ($23,676 capitalized)

Property tax (est.)$216/mo

Condo fee$890/mo

Total monthly$4,387

Cash Needed to Close

Down payment (6.03%)$37,990

Land transfer tax$18,146

Est. closing costs$4,390

Total cash needed$60,526

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