601-17 Michael Power Place, Toronto, ON
Islington-City Centre West, Toronto · MLS® W14027860
About this home
In short
- Every so often, a Toronto real estate listing comes along that makes you look twice at the price.
- Tucked into a quiet, nine-storey building in the heart of Etobicoke, Suite 601 offers something that's becoming harder to find: a comfortable, well-kept home in a...
- The open-concept living space is comfortable and practical, the kitchen has been thoughtfully upgraded, and there's a private balcony for your morning coffee, a...
Every so often, a Toronto real estate listing comes along that makes you look twice at the price.This might be one of them. Tucked into a quiet, nine-storey building in the heart of Etobicoke, Suite 601 offers something that's becoming harder to find: a comfortable, well-kept home in a genuinely lovely community, without a price tag that makes your eyes water. And there's a lot to like here. For starters, the bedroom is actually big enough to feel like a bedroom. Imagine that. The open-concept living space is comfortable and practical, the kitchen has been thoughtfully upgraded, and there's a private balcony for your morning coffee, a little fresh air or five minutes of doing absolutely nothing. Fresh paint and an upgraded laundry pair mean you can unpack and get on with living. But here's where the numbers get interesting. Heat, hydro AND water are included in the maintenance fees. That's three monthly expenses you don't have to budget for separately. You also get your own parking space, a good sized storage locker and a built in bike rack in your parking spot. And then there's the community. This isn't one of those enormous condo towers where you might never recognize your neighbours. It's a smaller, established building with a welcoming atmosphere, a park just outside and the convenience of Islington & Kipling subway stations, shops and everyday essentials close by. The kind of place where life feels a little easier. Whether you're buying your first home, downsizing from something bigger or simply looking for a smart way into the Toronto market, there's a lot of value packed into this address.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W14027860
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Bloor & Islington
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $759/mo
- Exposure
- East
- Property tax
- $1,934 / 2026
- Days on market
- 6
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
laminate · w/o to balcony
ceramic floor · granite counters · breakfast bar
laminate · mirrored closet · b/i shelves
combined w/living · laminate
ceramic floor · 4 pc bath
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readIts public catchment (Etobicoke Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $728/sqft; this home lists at $614/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $319,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,765
- Property tax
- $161
- Condo / maintenance fees
- $759
- Heating
- $0
- Estimated monthly cost
- $2,685
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,460
- Toronto municipal land transfer tax
- $4,460
- Estimated closing costs
- $8,920
Plus your down payment of $79,800. 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
- $105,895
- Principal paid down
- $39,000
- Interest paid
- $66,894
- Balance remaining
- $280,200
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.