PH06 - 15 Michael Power Place

City Centre West, Toronto

PH06 - 15 Michael Power Place, City Centre West, Toronto

$489,900


Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $816.50


About this Condo

in City Centre West, Toronto

Penthouse Living at an Unmatched Price - 2 Parking Spots Included. Rare opportunity to own a top-floor penthouse suite in the heart of Islington Village for under $490,000. At 625 sq ft, this smartly laid out 1-bedroom + den makes every square foot count - a cozy, efficient space with a penthouse address. Use the den as a home office, guest nook, or extra storage, then step out onto your private balcony to take in lovely city views. This is urban living without the downtown price tag. Two owned parking spots, in-suite laundry, and a locker are all included - a rare combination at this price point in Toronto. For buyers who only need one spot, the second offers the flexibility to generate some additional income. The kitchen and bathroom are ready for your personal vision. Move in, settle in, and update over time to your own taste and budget - the bones are solid and the location does the heavy lifting in the meantime. All-inclusive maintenance covers heat, hydro, water, and A/C, keeping your monthly costs predictable year-round. Building amenities include a gym, party room, and 24-hour gatehouse security. Steps to Islington subway, the GO, boutique shops, parks, and with quick access to the Gardiner and QEW, getting around the city couldn't be easier. Perfect for a first-time buyer, downsizer, or savvy investor who knows that in real estate, location and floor matter more than square footage. Offers reviewed anytime.

Listed by RE/MAX PREMIER INC..


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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