5 Michael Power Place, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Islington-City Centre West. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $574,868 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 800-899 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to the Lower Penthouse 3 at 5 Michael Power Place. A bright and spacious 2-bedroom suite offering comfort, style, and convenience in the heart of Etobicoke. This well-maintained unit features hardwood flooring throughout the living and dining areas, continuing into both bedrooms for a cohesive, modern feel. The primary bedroom includes a private 4-piece ensuite, while a second 3-piece bathroom provides added convenience for guests. The front entryway and kitchen are finished with durable tile flooring, and all walls are painted crisp white, creating a fresh and airy atmosphere throughout the space. Step out onto a large balcony and enjoy open sky views from this elevated vantage point. Included with the unit is one parking space and a dedicated locker. Residents of the building have access to great amenities, including a fully equipped gym and a party room, perfect for entertaining. This is an excellent opportunity to live in a beautiful building in a sought-after location, just minutes from Islington Station, shopping, dining, and more. Some photos have been virtually staged.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Michael Power Place LPH03, Toronto W08, ON M9A 0A3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $574,868 in Toronto, the legal minimum down payment is $32,487 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,972 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,972 also applies, bringing the total estimated land transfer taxes to $15,945.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
