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| Parking Included | |
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1805 - 5 Michael Power Place
Islington-City Centre West, Toronto
$435,000
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $592 |
| Locker | Owned |
| Balcony | Open |
| Exposure | West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $1,995 |
| mls© Number | W13584640 |
| Listed By | REAL ESTATE HOMEWARD |
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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