7 Michael Power Place, Toronto, ON
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 $538,000 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: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this bright and spacious 2-bedroom, 2-bathroom corner suite in the highly desirable Port Royal Place community. This well-maintained unit features a functional open concept layout with a spacious kitchen overlooking the living and dining area, and a walkout to a private balcony, perfect for enjoying your morning coffee or evening relaxation. The unit has been recently updated with brand new 2024 stainless steel appliances including fridge, stove, built-in microwave, and dishwasher, along with updated bathroom cabinets. Additional updates completed in 2025 include new living room flooring, modern light fixtures, and a freshly painted interior, making the unit move-in ready. The primary bedroom toilet will be replaced prior to closing, and the carpets have been professionally cleaned. The spacious primary bedroom features a private ensuite bathroom and ample closet space. This unit also offers the convenience of maintenance fees that include all utilities - heat, hydro, and water. Conveniently located close to transit, schools, parks, shopping, and major highways. A great opportunity for first-time buyers, downsizers, or investors. The tenants will be moving out on July 15.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7 Michael Power Place 1508, Toronto W08, ON M9A 0A4
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 $538,000 in Toronto, the legal minimum down payment is $28,800 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 $7,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,235 also applies, bringing the total estimated land transfer taxes to $14,470.
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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.
