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Listed 15 days ago

601 - 1 Michael Power Place

Islington-City Centre West, Toronto

$475,000

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

Welcome to Vivid Condominiums! Freshly painted and move-in ready, this bright and beautifully maintained 1-bedroom suite offers a smart open-concept layout designed for comfortable everyday living. Floor-to-ceiling windows fill the space with natural light, while the private east-facing balcony overlooks the beautifully landscaped courtyard, offering peaceful green views. The modern kitchen features quartz countertops, stainless steel appliances, and ample cabinetry, flowing seamlessly into the spacious living area. The generous bedroom includes a large closet, and the suite comes complete with 1 underground parking space and 1 locker. Low maintenance fees (under $600/month) include heat, water, central air conditioning, building insurance, parking, and common elements. Enjoy resort-style amenities including a 24-hour concierge, indoor pool, fitness centre, sauna, theatre room, party room, and visitor parking. Ideally located in the heart of Islington City Centre, steps to Islington Subway Station, minutes to Kipling GO, with easy access to Highway 427, the QEW and the Gardiner Expressway. Walk to shops, restaurants, cafés, parks, and everyday conveniences. An exceptional opportunity for first-time buyers, professionals, downsizers, or investors looking for outstanding value in one of Etobicoke's most connected communities.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size500-599 sq. ft.
Maintenance Fees$579
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,041
mls© NumberW13585470
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Common Elements Included
Building Insurance Included
Water Included
Parking Included
Condo Taxes Included
CAC 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%
$2,431
Property tax
$170
Heat allowance
$150
Condo fees, half counted
$289
Housing costs
$3,041 / mo

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

Down payment20% · $95,000
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,999 / mo
Cash down
$95,000

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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