709 - 5 Michael Power Place

City Centre West, Toronto

709 - 5 Michael Power Place, City Centre West, Toronto

$425,000


Bedrooms: 1

Bathrooms: 1

Living Area: 500 sqft

Price Per Sqft: $850.00


About this Condo

in City Centre West, Toronto

Welcome to Port Royal Condos at 5 Michael Power Place, where convenience meets a peaceful residential setting in the heart of Islington-City Centre West. This bright 1-bedroom suite offers 577 sq. ft. of thoughtfully designed living space with a functional open-concept layout and desirable southeast exposure. Enjoy newer wide-plank laminate flooring, a modern kitchen with granite countertops, stainless steel appliances and a breakfast bar, plus ensuite laundry for everyday convenience. The combined living and dining area walks out to a private open balcony overlooking the beautifully landscaped grounds, mature trees and surrounding skyline, creating a quiet setting to enjoy your morning coffee. The spacious bedroom features a large window and closet, filling the space with natural light. An owned underground parking space and owned locker are both included. Maintenance fees include heat, water, central air conditioning, building insurance, common elements and parking, helping keep monthly expenses more predictable. Residents enjoy excellent building amenities including concierge service, gym and exercise room, party/meeting room, bike storage and visitor parking. Ideally located near both Islington and Kipling subway stations, with parks, schools, public transit, shops, restaurants and the vibrant Dundas West community nearby. A fantastic opportunity for first-time buyers, professionals, downsizers or investors looking for a well-located Toronto condo with parking, locker, outdoor space and excellent transit access.

Listed by EXP REALTY.


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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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