1106-9 Michael Power Place, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13123832
About this home
Welcome 1 bedroom condo in a perfect location, set in the Islington City Centre West neighbourhood, ideal for young business professionals seeking comfort, convenience & excellent connectivity across Toronto. This thoughtfully designed suite features an open concept living & dining area that provides everyday functionality while also offering a welcoming space for relaxing or entertaining guests. The kitchen includes a convenient eat in peninsula perfect for casual meals or morning coffee, along w/a double sink & stylish black appliances, including a dishwasher, that combine practicality w/modern appeal. The sizeable living room offers flexible space to suit your lifestyle & features floor to ceiling windows that bring in natural light, while providing a walk out to the balcony's pleasant extension of the living space. The generously sized bedroom also features floor to ceiling windows along w/a spacious closet & enough room to comfortably accommodate both a bed & desk, ideal for those who enjoy work from home flexibility. An additional closet within the suite provides extra storage, helping keep the living space organized & clutter free. The 4-pc bathroom includes a sizeable bathtub along w/a convenient trifold mirror cabinet & ample space to comfortably manage your morning & evening routines. The location is incredibly convenient, with the building close to Bloor St bus routes & only a short walk to Islington subway station for simple and effecient commuting across the city. The surrounding neighbourhood offers a friendly community atmosphere w/the added reassurance of a police station located just south of the building, along w/schools nearby. Visit Michael Power Park for some green space and recreation, or explore other nearby parks. Offering excellent location, practical design & strong lifestyle appeal, this condo is a fantastic opportunity to own in a well connected west Toronto neighbourhood.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13123832
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- N of Bloor; W of Islington Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $655/mo
- Exposure
- South East
- Property tax
- $1,817 / 2025
- Days on market
- 70
- Listing brokerage
- CRESCENT REAL ESTATE INC.
Rooms
tile floor · combined w/dining
4 pc bath · tile floor
Balcony
window floor to ceiling · hardwood floor · combined w/kitchen
window floor to ceiling · hardwood floor · closet
Listed at $479,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Islington-City Centre West lately, sellers have been getting about 95% of asking and homes sell in about 36 days.
Based on 72 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 72 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $367K, a bit lower.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $460K
- Bedrooms −$15K
- Adjusts to $445K
That comparable adjusts to $445K; the $451K estimate above is the median of all 72 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $451K, median of 72 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 3% below the area average of $761/sqft.
69 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Islington-City Centre West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $383,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,045
- Property tax
- $151
- Condo / maintenance fees
- $655
- Heating
- $0
- Estimated monthly cost
- $2,851
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,055
- Toronto municipal land transfer tax
- $6,055
- Estimated closing costs
- $12,110
Plus your down payment of $95,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $122,694
- Principal paid down
- $48,801
- Interest paid
- $73,893
- Balance remaining
- $334,399
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CRESCENT REAL ESTATE INC.. MLS®/PropTx.