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New5 hours ago

501 - 11 Michael Power Place

Islington-City Centre West, Toronto

$410,000

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

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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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$579
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,949
mls© NumberW14165688
Listed BySUTTON GROUP REALTY SYSTEMS INC.
Heat Included
Hydro Included
CAC Included
Common Elements Included
Parking Included
Building Insurance Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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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.

Down payment20% · $82,000
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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