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Listed 9 days ago

601 - 17 Michael Power Place

Islington-City Centre West, Toronto

$399,000

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

Every so often, a Toronto real estate listing comes along that makes you look twice at the price.This might be one of them. Tucked into a quiet, nine-storey building in the heart of Etobicoke, Suite 601 offers something that's becoming harder to find: a comfortable, well-kept home in a genuinely lovely community, without a price tag that makes your eyes water. And there's a lot to like here. For starters, the bedroom is actually big enough to feel like a bedroom. Imagine that. The open-concept living space is comfortable and practical, the kitchen has been thoughtfully upgraded, and there's a private balcony for your morning coffee, a little fresh air or five minutes of doing absolutely nothing. Fresh paint and an upgraded laundry pair mean you can unpack and get on with living. But here's where the numbers get interesting. Heat, hydro AND water are included in the maintenance fees. That's three monthly expenses you don't have to budget for separately. You also get your own parking space, a good sized storage locker and a built in bike rack in your parking spot. And then there's the community. This isn't one of those enormous condo towers where you might never recognize your neighbours. It's a smaller, established building with a welcoming atmosphere, a park just outside and the convenience of Islington & Kipling subway stations, shops and everyday essentials close by. The kind of place where life feels a little easier. Whether you're buying your first home, downsizing from something bigger or simply looking for a smart way into the Toronto market, there's a lot of value packed into this address.

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$759
LockerOwned
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,934
mls© NumberW14027860
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Water Included
Building Insurance Included
CAC Included
Hydro 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%
$2,042
Property tax
$161
Heat allowance
$150
Condo fees, half counted
$380
Housing costs
$2,733 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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Comparable sales

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