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501 - 11 Michael Power Place
Islington-City Centre West, Toronto
$410,000
Bright And Sunny One Bedroom Condo In Desirable Port Royal Place! This Well Maintained, Freshly Painted Unit Features A Functional Open Concept Layout With Spacious Living And Dining Areas, Perfect For Everyday Living And Entertaining. Walk Out To Your Private Balcony Overlooking A Beautiful Park, Offering A Peaceful Space To Relax And Enjoy. Generously Sized Bedroom With Double Closet For Ample Storage. New Laminate Flooring Throughout Adds A Fresh, Modern Touch. Well Managed Building With 24-Hour Security. One Parking Space And Locker Included. Maintenance Fees Include Utilities. Unbeatable Location Just Steps To Subway, Shopping, Restaurants, Grocery Stores And Everyday Amenities. Excellent Opportunity For First Time Buyers, Professionals, Downsizers Or Investors. A Wonderful Place To Call Home In A Prime, Convenient Location!
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $579 |
| Locker | Owned |
| Balcony | Open |
| Exposure | East |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $1,949 |
| mls© Number | W14165688 |
| Listed By | SUTTON GROUP REALTY SYSTEMS INC. |
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%
- $2,099
- Property tax
- $162
- Heat allowance
- $150
- Condo fees, half counted
- $289
- Housing costs
- $2,700 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$83,000
gross annual household income
- Payment at 4%
- $1,725 / mo
- Cash down
- $82,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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