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New3 hours ago

PH06 - 15 Michael Power Place

Islington-City Centre West, Toronto

$439,000

Condo Apartment |
1 + 1 | 1 | 2 | 1
About this home

New Price - Penthouse Suite with 2 Parking Spots - Welcome to PH06 at 15 Michael Power Place - 625 sq.ft. of unbeatable value. Sitting on the 16th and highest floor of the building, this bright 1-bedroom + den penthouse suite offers the privacy. views at a price that simply doesn't exist anywhere else in the complex. What truly sets this suite apart is a combination nearly impossible to find at this price point. Iwo owned parking spots, all-inclusive maintenance fees, an owned locker, and in-suite laundry. Whether you use both spots or rent the second for additional monthly income, the value here is exceptional. Floor-to-ceiling windows flood the open-concept living and dining area with natural light, while your northwest city views are daily reminder that you're at the top. The den offers flexibility for a home office, guest space, or 2nd bedroom. Priced to reflect its original kitchen and bathroom, this is a rare opportunity for the buyer who wants to personalize their space and build equity through their own updates. With no neighbours above, all utilities included, and one of the most connected locations in Etobicoke - steps to Islington Subway, the GO Train, parks, shops, and with quick access to the Gardiner and QEW - this is the smart buy that savvy first-time buyers, downsizers, and investors have are looking for.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size600-699 sq. ft.
Maintenance Fees$765
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$2,142
mls© NumberW14123616
Listed ByRE/MAX PREMIER INC.
Heat Included
Common Elements Included
Hydro Included
Water Included
CAC 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%
$2,247
Property tax
$178
Heat allowance
$150
Condo fees, half counted
$383
Housing costs
$2,958 / mo

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

Down payment20% · $87,800
25-yr amortization

Income needed

$91,000

gross annual household income

Payment at 4%
$1,847 / mo
Cash down
$87,800

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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