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1003 - 7 Michael Power Place
Islington-City Centre West, Toronto
$549,000
Welcome to this bright and spacious 815 sq. ft. corner suite at 7 Michael Power Place in desirable Etobicoke. Featuring beautiful flooring and a desirable southeast corner exposure, this inviting unit offers lovely views and the added convenience of a window in the kitchen, bringing in natural light and ventilation. Enjoy comfortable condo living in a convenient location close to public transit, shopping, parks, restaurants, QEW Highway and everyday amenities.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 16-30 |
| Size | 800-899 sq. ft. |
| Maintenance Fees | $915 |
| Locker | Owned |
| Balcony | Open |
| Exposure | South East |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $2,285 |
| mls© Number | W14140242 |
| Listed By | RE/MAX WEST REALTY INC. |
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%
- $2,810
- Property tax
- $190
- Heat allowance
- $150
- Condo fees, half counted
- $457
- Housing costs
- $3,608 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$111,000
gross annual household income
- Payment at 4%
- $2,310 / mo
- Cash down
- $109,800
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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