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    Toronto / Etobicoke / Islington | City Centre West

    1801 - 3 Michael Power Pl

    For RentPalais at Port Royal Place
    $2,300/mth
    Price Increase: $2,200
    1 Bed
    1 Bath
    1 Parking
    500 - 599 SQFT
    33 Days on Strata
    Est Lease Timeframe
    19 Days

    Listing History

    Unit Highlights

    Possession Date:
    December 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Yes
    Exposure:
    East
    Locker:
    None
    Laundry:
    Main
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Open Concept, Walkout To Balcony
    14.99 x 10.04ft
    Dining
    Laminate, Open Concept, Combined with Dining
    14.99 x 10.04ft
    Kitchen
    Ceramic Floor, Granite Counter, Backsplash
    8.6 x 7.51ft

    About this Listing

    Exceptional One Bedroom And One Bathroom Suite. This Condo Unit Is Fully Furnished As Seen In Photos. Comes with one Exclusive Underground Parking. Granite Countertops, S/S Appliances, &Functional Floor Plan With Open Concept Living & Dining Room. Walk Out To Open Balcony,Building Amenities Include: 24 Hr Concierge, Swimming Pool, Exercise Room, Sauna, Movie Room, Party Room, & Billiards Room. Located At Bloor & Islington. Situated within an established neighbourhood with shops, dining, parks and services. Palais is steps to the Islington Subway station, minutes from the Kipling GO station, and has easy access to Highway 427, Gardiner Expressway and QEW.

    ExtrasFurnishings As Seen in Photos. Excellent Building Amenities, Indoor Pool, Sauna, Gym, Theatre, Party Room, Recreation Room,Very Well Cared Building. 24X7 Security & Concierge Service.

    coldwell banker the real estate centreMLS® #W10885000

    Amenities

    Sauna
    Visitor Parking
    Concierge
    Games Room
    Media Room
    Gym Room

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,799
    Average Individual Income
    $66,150
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,533
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    32%
    Detached
    31%
    Semi Detached
    23%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Other
    15%
    Mandarin
    12%
    Cantonese
    10%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    38%
    High School
    24%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Palais at Port Royal Place vs The Islington | City Centre West Area

    Building Trends At Palais at Port Royal Place

    Days on Strata

    Units at Palais at Port Royal Place spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Islington | City Centre West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    25th
    Highest price per SQFT out of 58 condos in the Islington | City Centre West area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Palais at Port Royal Place offers the
    ?
    best value out of 58 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Palais at Port Royal Place has the
    ?
    highest ROI out of 58 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Palais at Port Royal Place yields the
    ?
    highest rent prices out of 58 condos in the Islington | City Centre West neighbourhood

    High Demand

    Palais at Port Royal Place is the
    ?
    most popular building out of 58 condos in the Islington | City Centre West neighbourhood

    Transaction Insights at 3 Michael Power Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$500,000 - $530,000$540,000 - $580,000$588,000 - $664,000No Data
    Avg. Cost Per Sqft$904$869$752No Data
    Avg. Wait for Unit Availability55 Days72 Days47 Days299 Days
    Ratio of Units in Building37%22%40%3%

    Transactions vs Inventory

    Total number of units listed and leased in Islington | City Centre West