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PH06 - 15 Michael Power Place
Islington-City Centre West, Toronto
$464,900
Best value in the complex - Penthouse suite with 2 parking spaces. Welcome to PH06 at 15 Michael Power Place - 625sq. of unbeatable value. Sitting on the 16th and highest floor of the building, this bright 1-bedroom + den penthouse suite offers the privacy, views and prestige of penthouse living at a price that simply doesn't exist anywhere else in the complex. What truly sets this suite apart is a combination nearly impossible to find at this price point. Two owned parking spots, all-inclusive maintenance fees, an owned locker and in-suite laundry. Whether you use both spots or rent the second for additional monthly income, the value here is exceptional. Floor-to-ceiling windows flood the open-concept living and dining area with natural light, while your private balcony delivers northwest city views - a daily reminder that you're at the top. The den offers flexibility for a home office, guest space or 2nd bedroom. Priced to reflect its original kitchen and bathroom, this is a rare opportunity for the buyer who wants to personalize their space and build equity through their own updates. With no neighbours above, all utilities included, and one of the most connected locations in Etobicoke - steps to Islington subway, the GO train, parks, shops and with quick access to the Gardiner and QEW - this is the smart buy that savvy first-time buyers, downsizers and investors have been waiting for.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 16-30 |
| Size | 600-699 sq. ft. |
| Maintenance Fees | $765 |
| Locker | Owned |
| Balcony | Open |
| Exposure | North West |
| Parking Type | Underground |
| Parking Spaces | 2 |
| Parking Features | Underground |
| Property Tax | $2,142 |
| mls© Number | W13752578 |
| Listed By | RE/MAX PREMIER INC. |
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%
- $2,380
- Property tax
- $178
- Heat allowance
- $150
- Condo fees, half counted
- $383
- Housing costs
- $3,091 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$95,000
gross annual household income
- Payment at 4%
- $1,956 / mo
- Cash down
- $92,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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