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    Toronto / Etobicoke / Islington | City Centre West

    407 - 5 Michael Power Pl

    For SalePort Royal Place VI Condos
    $595,000
    2 Beds
    2 Bath
    1 Parking
    859 SQFT
    1 Day on Strata
    Est Sell Timeframe
    11 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $841/mth
    Taxes:
    $2,390 (2024)
    Cost Per Sqft:
    $693/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    To Be Determined
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Other
    Heating
    Other

    Room Dimensions

    Kitchen
    Window
    7.32 x 7.87ft
    Living
    Combined with Dining, Open Concept
    12.63 x 10.53ft
    Dining
    Combined with Living, Open Concept
    5.15 x 4.63ft

    About this Listing

    Welcome to unit 407 at 5 Michael Power Place, a Condominium in the heart of Islington City Centre. This bright and spacious 2-bedroom corner unit boasts an abundance of natural light, offering the perfect blend of comfort and style. Key features: open concept living and dining with large windows - in-suite laundry - 2 bathrooms - great size balcony - Prime location: Steps to Islington Station and minutes to Kipling station- Easy Access to highways, just a short drive to downtown Toronto - A walk score of 89 (most errands can be accomplished on foot) - Close proximity to shops and restaurants. Includes a locker for additional storage- 1 parking space * Building amenities: visitor parking, concierge, gym, games room, and party room. Don't wait to miss out on this incredible opportunity

    ExtrasStainless steel Fridge, Stove, Dishwasher, Kitchen Hood, Washer and Dryer.

    sutton group-admiral realty inc.MLS® #W10408434

    Amenities

    Concierge
    Party Room
    Rec Room
    Security System
    Indoor Parking
    Bike Storage

    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

    Port Royal Place VI Condos vs The Islington | City Centre West Area

    Building Trends At Port Royal Place VI Condos

    Days on Strata

    Units at Port Royal Place VI Condos spend an average of
    32
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    5.7
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 58 condos in the Islington | City Centre West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 5 Michael Power Place

    1 Bed1 Bed + Den2 Bed
    Price Range$482,000 - $510,000$525,000$615,000
    Avg. Cost Per Sqft$896$769$709
    Avg. Wait for Unit Availability67 Days118 Days51 Days
    Ratio of Units in Building34%22%45%

    Transactions vs Inventory

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