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New3 hours ago

709 - 5 Michael Power Place

Islington-City Centre West, Toronto

$399,999

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

Welcome to Port Royal Condos at 5 Michael Power Place, where convenience meets a peaceful residential setting in the heart of Islington-City Centre West. This bright 1-bedroom suite offers 577 sq. ft. of thoughtfully designed living space with a functional open-concept layout and desirable southeast exposure. Enjoy newer wide-plank laminate flooring, a modern kitchen with granite countertops, stainless steel appliances and a breakfast bar, plus ensuite laundry for everyday convenience. The combined living and dining area walks out to a private open balcony overlooking the beautifully landscaped grounds, mature trees and surrounding skyline, creating a quiet setting to enjoy your morning coffee. The spacious bedroom features a large window and closet, filling the space with natural light. An owned underground parking space and owned locker are both included. Maintenance fees include heat, water, central air conditioning, building insurance, common elements and parking, helping keep monthly expenses more predictable. Residents enjoy excellent building amenities including concierge service, gym and exercise room, party/meeting room, bike storage and visitor parking. Ideally located near both Islington and Kipling subway stations, with parks, schools, public transit, shops, restaurants and the vibrant Dundas West community nearby. A fantastic opportunity for first-time buyers, professionals, downsizers or investors looking for a well-located Toronto condo with parking, locker, outdoor space and excellent transit access.

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$620
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,998
mls© NumberW13845754
Listed ByEXP REALTY
Parking Included
Building Insurance 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%
$2,047
Property tax
$167
Heat allowance
$150
Condo fees, half counted
$310
Housing costs
$2,674 / mo

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

Down payment20% · $80,000
25-yr amortization

Income needed

$82,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$80,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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