601-1 Michael Power Place, Toronto, ON
Islington-City Centre West, Toronto · MLS® W13585470
About this home
Welcome to Vivid Condominiums! Freshly painted and move-in ready, this bright and beautifully maintained 1-bedroom suite offers a smart open-concept layout designed for comfortable everyday living. Floor-to-ceiling windows fill the space with natural light, while the private east-facing balcony overlooks the beautifully landscaped courtyard, offering peaceful green views. The modern kitchen features quartz countertops, stainless steel appliances, and ample cabinetry, flowing seamlessly into the spacious living area. The generous bedroom includes a large closet, and the suite comes complete with 1 underground parking space and 1 locker. Low maintenance fees (under $600/month) include heat, water, central air conditioning, building insurance, parking, and common elements. Enjoy resort-style amenities including a 24-hour concierge, indoor pool, fitness centre, sauna, theatre room, party room, and visitor parking. Ideally located in the heart of Islington City Centre, steps to Islington Subway Station, minutes to Kipling GO, with easy access to Highway 427, the QEW and the Gardiner Expressway. Walk to shops, restaurants, cafés, parks, and everyday conveniences. An exceptional opportunity for first-time buyers, professionals, downsizers, or investors looking for outstanding value in one of Etobicoke's most connected communities.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13585470
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- Bloor/Islington
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $579/mo
- Exposure
- East
- Property tax
- $2,041 / 2026
- Days on market
- 1
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
centre island · open concept · combined w/dining
laminate · open concept
w/o to balcony · combined w/dining · laminate
centre island · open concept · combined w/dining
tile floor · breakfast bar
large closet · b/i closet · laminate
Listed at $475,000, this home is about 32% above what comparable homes suggest. 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 77 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 77 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $411K, a bit higher.
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 $385K
- Adjusts to $385K
That comparable adjusts to $385K; the $360K estimate above is the median of all 77 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.
On location, this is a very walkable address with everyday errands close by. Resurrection Road is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $360K, median of 77 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Weigh carefully
- 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 13% above the area average of $766/sqft.
0 days faster 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.
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: Resurrection Road, about 139 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 22, 2026); conventional rates run a little higher.
Mortgage amount $380,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,028
- Property tax
- $170
- Condo / maintenance fees
- $579
- Heating
- $0
- Estimated monthly cost
- $2,777
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,975
- Toronto municipal land transfer tax
- $5,975
- Estimated closing costs
- $11,950
Plus your down payment of $95,000. 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
- $121,669
- Principal paid down
- $48,393
- Interest paid
- $73,276
- Balance remaining
- $331,607
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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.