$539,000 - 17 Michael Power Place Unit 706, Etobicoke
Condo for Sale in Etobicoke
99 days on market- MLS Number
- W12870188
- Property Type
- Condo
- Status
- active
- Days on Site
- 99
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Bright and spacious two-bedroom, two-bathroom condo offers comfort, convenience, and excellent value in a charming boutique building overlooking a beautiful park. Enjoy peaceful, unobstructed park views and the added security of gatehouse entrance and 24 hours security. Inside, the thoughtfully designed split-bedroom layout provides privacy, with each bedroom positioned on opposite sides of the unit and featuring its own full bathroom-ideal for roommates, guests, or working from home. The updated kitchen features modern quartz countertops and a stylish backsplash, while both generously sized bedrooms include double closets and lovely west-facing views. The primary suite offers a four-piece ensuite and a custom closet organizer installed in 2024, adding practical storage and organization. Window blinds installed in 2025 provide comfort and privacy throughout the home. This unit also includes one parking space and a storage locker, an added benefit for convenient condo living. You will especially appreciate that the maintenance fees cover all utilities, including heat, hydro, and water, making monthly expenses simple and predictable. Residents enjoy a wide range of amenities within this well-managed building, including a fully equipped gym, party room, game and reading room, outdoor BBQ area, 24-hour security, and a secure package delivery room with a smart locker system. Located just steps from shops, transit, and everyday conveniences, this home offers an easy and connected lifestyle in a desirable setting.
Estimate your monthly payments for this property
Estimated Payment
$2,765.35/mo
Includes CMHC insurance ($15,038)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Etobicoke (Islington / Rexdale)
Etobicoke (Islington / Rexdale) is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Etobicoke (Islington / Rexdale)
- •Convenient location in Etobicoke (Islington / Rexdale)
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Etobicoke (Islington / Rexdale) offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
17 Michael Power Place Unit 706, Etobicoke (Islington / Rexdale)
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $674/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 99 days on site, this property has exceeded the typical selling timeline for Etobicoke. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.