| CAC Included | |
| Common Elements Included | |
| Heat Included | |
| Building Insurance Included | |
| Parking Included | |
| Water Included |




























#2101 - 5 Michael Power Place
Islington-City Centre West, Toronto
$474,900
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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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.
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
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