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New3 hours ago

1609 - 1 Michael Power Place

Islington-City Centre West, Toronto

$525,000

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

Enjoy breathtaking views from this bright, spacious open-concept 1-bedroom + den suite at 1 Michael Power Place, ideally situated in a highly sought-after Bloor-Islington neighbourhood! Featuring an upgraded kitchen with stainless steel appliances, a kitchen island and ceramic backsplash, plus upgraded hardwood flooring throughout. Recent updates include a renovated bathroom (2024), custom closet (2024), new LG fridge (2024), and LG washer and dryer (2026). Includes 1 underground parking and 1 locker. Enjoy exceptional building amenities, including an indoor pool, sauna, fitness centre, billiards room, library, party room, visitor parking and 24-hour concierge. Just steps to Islington Subway Station, Kipling GO Station, shopping and everyday conveniences, with easy access to major highways and Toronto Pearson Airport. Excitingly, the new Etobicoke Civic Centre and community hub is under development, with completion in 2028, bringing even more amenities and vibrancy to the neighbourhood. An excellent opportunity for comfortable urban living in a growing community!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$663
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,202
mls© NumberW14029996
Listed ByRIGHT AT HOME REALTY
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%
$2,687
Property tax
$184
Heat allowance
$150
Condo fees, half counted
$331
Housing costs
$3,352 / mo

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

Down payment20% · $105,000
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$105,000

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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