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New3 hours ago

#2101 - 5 Michael Power Place

Islington-City Centre West, Toronto

$474,900

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

Welcome to this bright and spacious 1-bedroom, 1-bathroom condo offering an exceptional layout in a highly sought-after location. Enjoy breathtaking sunrise views and an impressive city skyline from the airy private balcony. This well-appointed suite includes 1 parking space and 1 locker for added convenience. The open-concept living and dining area is filled with natural light and features a walk-out to panoramic views of the city and Lake Ontario. The generously sized bedroom offers a double closet, while the modern kitchen is equipped with granite countertops and a breakfast bar, perfect for everyday living and entertaining. Residents enjoy outstanding amenities including 24-hour concierge service, a fitness center, games room, and visitor parking. Ideally located within walking distance to Islington Subway Station and Kipling GO Station, with easy access to Highways 427 and the QEW. Surrounded by an abundance of shops, restaurants, and everyday conveniences along Dundas Street West and Bloor Street. Move-in ready and an excellent opportunity for first-time buyers, downsizers, or investors. BONUS FOR THE BUYER! A brand-new furniture package is available as a bonus with the purchase of this property, including 1 queen-size bed with mattress, 3-seater sofa, stylish 3 bar stools, coffee table, and bedroom and living room curtains. Move in ready and enjoy these added extras!

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$630
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,998
mls© NumberW14151564
Listed ByEVEREST REALTY LTD.
CAC Included
Common Elements Included
Heat Included
Building Insurance Included
Parking Included
Water Included

Listing History

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  • 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%
$2,431
Property tax
$167
Heat allowance
$150
Condo fees, half counted
$315
Housing costs
$3,062 / mo

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

Down payment20% · $94,980
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,998 / mo
Cash down
$94,980

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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