$528,800 - 7 Michael Power Place Unit 206, Etobicoke
Condo for Sale in Etobicoke
92 days on market- MLS Number
- W12895608
- Property Type
- Condo
- Status
- active
- Days on Site
- 92
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Bright and spacious 1 bedroom + den, 2 bathroom condo offering 780 sq ft of well-designed living space at Port Royal Place, located at 7 Michael Power Place in the heart of Islington Village in central Etobicoke. This freshly painted suite features floor-to-ceiling windows and a sunny south exposure, an open concept living and dining area with a walkout to a large balcony, a generous kitchen with an island and excellent storage, a large primary bedroom with a double closet, 4-piece ensuite and floor-to-ceiling windows, a versatile den ideal for a home office or second bedroom, ensuite laundry and an additional full bathroom. 1 parking space and 1 locker included. Maintenance fee includes heat, hydro and water. Residents enjoy excellent building amenities including a gym, concierge, newly renovated party/meeting room, games room, golf simulator, visitor parking and more. Located directly across from the future Etobicoke Civic Centre, which will feature a pool, recreation centre, library, art gallery and more! Excellent location near Michael Power Park with playground and splash pad, Montgomery's Inn and Farmers' Market, Tom Riley Park, shops and restaurants along Dundas Street West and Six Points Plaza, and walking distance to Islington Subway Station and Kipling GO Station. Easy access to the Gardiner Expressway and Highway 427 for a convenient commute to downtown Toronto or Pearson Airport. Walk Score of 91 and Transit Score of 90! A great opportunity to own in a well-managed building in one of Etobicoke's most convenient and connected neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,713.02/mo
Includes CMHC insurance ($14,754)
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.
7 Michael Power Place Unit 206, 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 $755/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 92 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 700 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 $2,203 (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.