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Listed 16 days ago

1805 - 5 Michael Power Place

Islington-City Centre West, Toronto

$435,000

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

Welcome to 5 Michael Power Place. A beautiful 1 bedroom condo with sunny west exposure, this functional layout has tons of natural light with floor to ceiling windows, conveniently located in the heart of Islington village. A condo layout that just makes sense with functional kitchen peninsula, open kitchen to living areas, and oversized balcony that spans the entire width of the unit and is accessible by both living room and bedroom. With West Exposure, the condo is filled with afternoon sun and Mississauga Skyline. Enjoy a spacious primary bedroom that walks out to the balcony. Walk to neighbouring parks, shopping, and all commuter routes including TTC & Mississauga transit, GO & Kipling Subway! Enjoy care free living in this excellent building with so many recent renovations to the common areas and extensive amenities: 24hr concierge, party room, fitness centre, visitor parking and pet friendly living. ***No Carpet Anywhere in the Unit***

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$592
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,995
mls© NumberW13584640
Listed ByREAL ESTATE HOMEWARD
Water Included
Parking Included
CAC Included
Common Elements Included
Heat 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%
$2,227
Property tax
$166
Heat allowance
$150
Condo fees, half counted
$296
Housing costs
$2,839 / mo

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

Down payment20% · $87,000
25-yr amortization

Income needed

$87,000

gross annual household income

Payment at 4%
$1,831 / mo
Cash down
$87,000

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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