PH06-15 Michael Power Place, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13416156
About this home
Best value in the complex - penthouse suite with 2 parking spots. Welcome to PH06 at 15 Michael Power Place - 625sq. of unbeatable value. sitting on the 16th and highest floor of the building, this bright 1-bedroom + den penthouse suite offers the privacy, views, and prestige of penthouse living at a price that simply doesn't exist anywhere else in the complex. What truly sets this suite apart is a combination nearly impossible to find at this price point. Two owned parking spots, all-inclusive maintenance fees, an owned locker, and in-suite laundry. Whether you use both spots or rent the second for additional monthly income, the value here is exceptional. Floor-to-ceiling windows flood the open-concept living and dining area with natural light, while your private balcony delivers northwest city views - a daily reminder that you're at the top. The den offers flexibility for a home office, guest space, or 2nd bedroom. Priced to reflect its original kitchen and bathroom, this is a rare opportunity for the buyer who wants to personalize their space and build equity through their own updates. With no neighbours above, all utilities included, and one of the most connected locations in Etobicoke - steps to Islington Subway, the GO Train, parks, shops, and with quick access to the Gardiner and QEW - this is the smart buy that savvy first-time buyers, downsizers, and investors have been waiting for.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13416156
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Islington/Dundas
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $765/mo
- Exposure
- North West
- Property tax
- $2,142 / 2025
- Days on market
- 39
- Listing brokerage
- RE/MAX PREMIER INC.
Rooms
Combined w/Living
combined w/dining · window floor to ceiling
open concept · breakfast bar · ceramic floor
closet · window floor to ceiling
Listed at $469,888, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
Based on 24 similar homes nearby, adjusted for size, beds, and baths.Median of 24 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $470K, a close match.
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, listed at $450K
- Adjusts to $450K
That comparable adjusts to $450K; the $473K estimate above is the median of all 24 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
Its public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. 49 Mabelle Ave is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $473K, median of 24 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.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Lifestyle
- Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 5% below the area average of $763/sqft.
On the market now.
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.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: 49 Mabelle Ave, about 103 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $375,910 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,006
- Property tax
- $179
- Condo / maintenance fees
- $765
- Heating
- $0
- Estimated monthly cost
- $2,949
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,873
- Toronto municipal land transfer tax
- $5,873
- Estimated closing costs
- $11,746
Plus your down payment of $93,978. 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
- $120,360
- Principal paid down
- $47,872
- Interest paid
- $72,488
- Balance remaining
- $328,038
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 RE/MAX PREMIER INC.. MLS®/PropTx.