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New7 days ago

1513 - 1 Michael Power Place

Islington-City Centre West, Toronto

$479,000

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

Step into this impeccably maintained 1-bedroom, 1-bathroom suite and feel the difference immediately; it's freshly painted, flooded with natural light through floor-to-ceiling windows, and thoughtfully designed so every square foot works for you. The east-facing balcony is your private retreat. The sleek open-concept kitchen doesn't just look good, it performs. Quartz countertops, stainless steel appliances, and generous cabinetry make cooking and entertaining effortless, flowing naturally into a living area that's both comfortable and versatile. The spacious bedroom with an oversized closet rounds out a layout that simply makes sense. What's included: 1 underground parking space + 1 storage locker. Maintenance fees at $578.73 per month covering heat, water, central A/C, building insurance, parking, and common elements are exceptional value in today's market. Resort-style amenities: 24-hour concierge, indoor pool, fitness centre, sauna, theatre room, party room, and visitor parking. Location that connects you to everything: Steps to Islington Subway Station, minutes to Kipling GO, with direct access to Hwy. 427, the QEW, and the Gardiner Expressway. Walkable to dining, cafés, boutiques, parks, and daily essentials in the heart of Islington City Centre. Who this is perfect for: This unit is ideal for young professionals seeking a low-maintenance, well-located base close to transit and the downtown core; first-time buyers ready to enter the market with predictable carrying costs; downsizers looking to simplify without sacrificing comfort or amenities; and investors targeting a high-demand rental pocket with strong transit connectivity and consistent rental appeal in Etobicoke.

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Got questions?

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$579
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,041
mls© NumberW13615612
Listed ByLPT REALTY
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$2,452
Property tax
$170
Heat allowance
$150
Condo fees, half counted
$289
Housing costs
$3,061 / mo

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

Down payment20% · $95,800
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$2,016 / mo
Cash down
$95,800

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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