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1 / 0
New1 hour ago

1804 - 5 Michael Power Place

Islington-City Centre West, Toronto

$489,990

Condo Apartment |
1 + 1 | 1 | 1 | 1
About this home

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.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size600-699 sq. ft.
Maintenance Fees$695
LockerOwned
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,134
mls© NumberW13877104
Listed ByRoyal LePage Real Estate Associates
Common Elements Included
Heat Included
Water Included
CAC Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,508
Property tax
$178
Heat allowance
$150
Condo fees, half counted
$347
Housing costs
$3,183 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $97,998
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$2,062 / mo
Cash down
$97,998

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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