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Listed 9 days ago

PH14 - 11 Michael Power Place

Islington-City Centre West, Toronto

$509,000

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

Rarely available top-floor penthouse suite in the heart of Islington-City Centre West. This bright and well-maintained one-bedroom unit offers an efficient open-concept layout, an east-facing balcony with expansive neighbourhood views, stainless-steel appliances and convenient ensuite laundry. Includes one underground parking space and one owned locker. Heat, hydro and water are included. Ideally located near Islington Subway Station, Kipling GO, MiWay transit, shopping, parks, places of worship and major highways. Managed by one of the Best Property Management Companies, Del Property Management Are Super Responsive and Take Care of any Issues Promptly.

Extras

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size500-599 sq. ft.
Maintenance Fees$588
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,003
mls© NumberW13607138
Listed ByRE/MAX SUCCESS REALTY
Heat Included
Hydro Included
Water 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%
$2,605
Property tax
$167
Heat allowance
$150
Condo fees, half counted
$294
Housing costs
$3,216 / mo

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

Down payment20% · $101,800
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,142 / mo
Cash down
$101,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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