505-5 Michael Power Pl
Islington-City Centre West, Toronto, Ontario M9A 0A3
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $792at the range’s middle
- Tax a year
- $2,4122026 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 505-5 Michael Power Pl
505-5 Michael Power Pl is a 1-bedroom, 1-bathroom condo in Islington-City Centre West, Toronto, listed for sale at an asking price of $435,000 (MLS® W14086456).
Excellent location! This 1Br condo is located at a very convenient location , close to 2 subway stations at a walking distance. Close to all amenities, grocery stores , shopping schools , parks. well maintained building with a magnificent entrance hallway and 24hrs concierge .
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall40/100−$553/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 26 condos with 1 bedroom for lease in Islington-City Centre West right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,412 / 2026
- MLS® number
- W14086456
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Islington-City Centre West
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge , Stove , Dishwasher , Washer, Dryer (stacked) , window coverings , Elf's.
- Condo maint.
- $592
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.35 × 2.41 m | Backsplash, Granite Counter | Flat |
| Living | 4.36 × 3.26 m | Combined W/Dining, Laminate, W/O To Balcony | Flat |
| Dining | 4.36 × 3.26 m | Combined W/Living, Open Concept | Flat |
| Br | 3.6 × 2.93 m | Laminate, Window Flr to Ceil, Closet | Flat |
| Bathroom | 0.0 × 0.0 m | — | Flat |
| Laundry | 0.0 × 0.0 m | — | Flat |
Listing history
Buy/sell history for 505-5 Michael Power Pl, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $435,000 | N/A | For Sale | W14086456 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $87,000
- Total mortgage amount
- $348,000
- Total interest payment
- $247,500
- Total purchase cost
- $682,500
- Mortgage payment
- $1,985/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
42%Monthly carrying cost
$2,778- Rent $2,225
- Shortfall $553
Rental income opens at $2,225, the median asking rent of 26 comparable homes for lease in Islington-City Centre West. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $5,175
- Toronto municipal land transfer tax
- $5,175
- Total land transfer tax
- $10,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $1,875
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $435,000
- $700
- Ontario total
- $5,175
Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,175.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Etobicoke By-Law No. 11,737What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
2 building permits cleared at this address in the City’s file.
Partial Permit - ShoringClosed - Dormant
Part Permit - To construct a 24 storey, 207 unit condominium tower c/w 4 levels of underground parkingBuilding **F** - New Building
Issued December 21, 2005
New BuildingInspection
To construct a 24 storey, 207 unit condominium tower c/w 4 levels of underground parkingBuilding **F**
Issued December 21, 2005
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
36 FIELDWAY RDCondominiumUnder Review
*** To permit a 10-storey residential building that contains 123 dwelling units and two below-ground parking levels. The redevelopment proposes 9,791.10 sq. m of total gross floor area (GFA), 247 sq. m of indoor amenity space and 302 sq. m of outdoor amenity space with a Floor Space Index (FSI) of 4.39 times the area of the lot.
240 m away38 FIELDWAY RDCondominiumUnder Review
*** To permit a 10-storey residential building that contains 123 dwelling units and two below-ground parking levels. The redevelopment proposes 9,791.10 sq. m of total gross floor area (GFA), 247 sq. m of indoor amenity space and 302 sq. m of outdoor amenity space with a Floor Space Index (FSI) of 4.39 times the area of the lot.
250 m away25 MABELLE AVESite planOMB Appeal
Proposal to redevelop the site with a 49 storey mixed use building containing 79 square metres of retail gross floor area, 580 residential condominium units and 5 levels of below grade parking. The new building is proposed to be constructed to the west of the existing residential building at 25 Mabelle Avenue.
280 m away3326 BLOOR ST WPlan of subdivisionUnder Review
Bloor Kipling Housing Now: Draft Plan of Subdivision to create two mixed-use development blocks and a new public road connecting Green Lanes and Aberfoyle Crescent.
310 m away56 FIELDWAY RDPlan of subdivisionUnder Review
340 m away56 FIELDWAY RDSite planUnder Review
Site Plan application proposing to redevelop the site into a mixed-use community comprised of four tall buildings at 12, 23, 34 and 42 storeys. The proposal introduces a total of 1,340 new residential units and 1,536 square metres of non-residential space. The total gross floor area of the development is 92,466 square metres.
340 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Islington-City Centre West right now
- For sale now
- 164
- Median asking price
- $502K
- New in 7 days
- 17
- Price cuts
- 20%
Middle half: $449K to $600K
66 in 28 days
33 listings
This home is asking 13% below the median, lower than three quarters of them.
See all homes in Islington-City Centre WestAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Islington Station | TTC subway: Line 2 Bloor-Danforth | 400 m |
| Kipling Station | TTC subway: Line 2 Bloor-DanforthGO Transit train: Milton | 950 m |
| Royal York Station | TTC subway: Line 2 Bloor-Danforth | 1.5 km |
| Old Mill Station | TTC subway: Line 2 Bloor-Danforth | 2.8 km |
| Jane Station | TTC subway: Line 2 Bloor-Danforth | 3.7 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Islington Junior Middle SchoolToronto DSB | Public · grades JK–8 · French Immersion | 400 m | 69%Grade 6 average |
| Our Lady of Peace Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 1 km | 76%Grade 6 average |
| Our Lady of Sorrows Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 1 km | 89%Grade 6 average |
| ÉÉC Sainte-Marguerite-d'YouvilleConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.1 km | 87%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Etobicoke Collegiate InstituteToronto DSB | Public · grades 9–12 | 900 m | 73%Grade 9 math |
| Bishop Allen Academy Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 2.2 km | 81%Grade 9 math |
| Etobicoke School of the ArtsToronto DSB | Public · grades 9–12 | 2.5 km | 68%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 7.2 km | 82%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Islington-City Centre West are shown to signed-in members.