| Parking Included | |
| Building Insurance Included |






























709 - 5 Michael Power Place
Islington-City Centre West, Toronto
$399,999
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 16-30 |
| Size | 500-599 sq. ft. |
| Maintenance Fees | $620 |
| Locker | Owned |
| Balcony | Open |
| Exposure | South East |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $1,998 |
| mls© Number | W13845754 |
| Listed By | EXP REALTY |
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%
- $2,047
- 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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