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New4 hours ago

509 - 7 Michael Power Place

Islington-City Centre West, Toronto

$459,000

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

Lovingly Maintained 1-Bedroom Condo in the Heart of Islington Village! Welcome to this lovingly maintained 1-bedroom, 1-bathroom condo offering a wonderful combination of space, natural light and an excellent floor plan. The bright and spacious kitchen and living room provides plenty of room to cook and entertain, while the generous bedroom offers a comfortable retreat at the end of the day. Step out onto the private balcony, the perfect spot to relax with your morning coffee, unwind after a long day, or settle in with a good book. A fantastic opportunity for first-time buyers, downsizers or investors looking for a well-maintained property in a highly desirable location. Enjoy the best of Islington Village right outside your door, with the Islington Subway Station, shops, cafés and restaurants along Bloor Street all just steps away. Easy access to the Gardiner Expressway, Highway 427, Sherway Gardens and more.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$754
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,957
mls© NumberW13760320
Listed ByRE/MAX PROFESSIONALS INC.
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%
$2,349
Property tax
$163
Heat allowance
$150
Condo fees, half counted
$377
Housing costs
$3,040 / mo

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

Down payment20% · $91,800
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,932 / mo
Cash down
$91,800

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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