$399,000 - 7 Michael Power Place Unit 101, Etobicoke
Condo for Sale in Etobicoke
37 days on marketNeighbourhood: Islington-City Centre West
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- MLS Number
- W13729476
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Etobicoke (Islington / Rexdale)
- Taxes (2026)
- $1,880
- Maintenance Fees
- $635/mo
- Locker
- Owned
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Beautifully renovated ground floor unit with walk out to your private patio ready to move in! Amazing location within walking distance to Islington Subway. Bright, airy and full of natural light all in a comfortable layout. Best of all the small condo fee of 634.68 covers: heat, hydro, water, building insurance & amenities - you only have to get your own internet or phone subscription! Fully eqiupt gym, party room and billiard room. Enjoy BBQ's, large fully private locker and a premium wide parking space. This complex is extremely desirable and well maintained! You have plenty of shops on Dundas, and Tom Riley Park is close by. Quartz counter top with excellent appliances + water softener. Built-in closet/pantry. This amazing neighbourhood offers convenience, excellent transit, and gorgeous park trails close by. It is the ideal first time buyer opportunity in Etobicoke's picture perfect, Islington Village.
Estimate your monthly payments for this property
Estimated Payment
$2,047.08/mo
Includes CMHC insurance ($11,132)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Islington-City Centre West
Islington-City Centre West is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Islington-City Centre West
- •Convenient location in Etobicoke (Islington / Rexdale)
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Islington-City Centre West offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
7 Michael Power Place Unit 101, Etobicoke (Islington / Rexdale)
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $798/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $635/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Islington-City Centre West
I know Islington-City Centre West well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.