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New2 hours ago

Ph02 - 5 Michael Power Place

Islington-City Centre West, Toronto

$629,900

Condo Apartment |
2 | 2 | 1 | 1
About this home

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!

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size800-899 sq. ft.
Maintenance Fees$890
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,587
mls© NumberW13997938
Listed ByRE/MAX HALLMARK REALTY LTD.
CAC Included
Common Elements Included
Heat Included
Building Insurance Included
Parking Included
Water 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%
$3,224
Property tax
$216
Heat allowance
$150
Condo fees, half counted
$445
Housing costs
$4,035 / mo

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

Down payment20% · $125,980
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,651 / mo
Cash down
$125,980

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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