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New3 hours ago

101 - 7 Michael Power Place

Islington-City Centre West, Toronto

$445,000

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

Beautifully renovated ground floor unit with walk out to your private patio ready to move in! Amazing location within walking distance to Islington Subway. Bright, airy and full of natural light all in a comfortable layout. Best of all the small condo fee of 634.68 covers: heat, hydro, water, building insurance & amenities - you only have to get your own internet or phone subscription! Fully eqiupt gym, party room and billiard room. Enjoy BBQ's, large fully private locker and a premium wide parking space. This complex is extremely desirable and well maintained! You have plenty of shops on Dundas, and Tom Riley Park is close by. Quartz counter top with excellent appliances + water softener. Built-in closet/pantry. This amazing neighbourhood offers convenience, excellent transit, and gorgeous park trails close by. It is the ideal first time buyer opportunity in Etobicoke's picture perfect, Islington Village.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$635
LockerOwned
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,880
mls© NumberW13729476
Listed ByRE/MAX PROFESSIONALS INC.
CAC Included
Common Elements Included
Heat Included
Hydro Included
Building Insurance Included
Parking Included
Water 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%
$2,278
Property tax
$157
Heat allowance
$150
Condo fees, half counted
$317
Housing costs
$2,902 / mo

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

Down payment20% · $89,000
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,873 / mo
Cash down
$89,000

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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