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    506 - 7 Michael Power Pl

    For SalePort Royal Place V Condos
    $549,900
    1 Bed + 1
    1 Bath
    1 Parking
    800 SQFT
    27 Days on Strata
    Est Sell Timeframe
    6 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $712/mth
    Taxes:
    $1,832 (2023)
    Cost Per Sqft:
    $687/sqft
    Locker:
    Owned
    Outdoor Space:
    Terrace
    Exposure:
    South
    Possession Date:
    October 31, 2024
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Combined with Dining
    14.99 x 10.6ft
    Dining
    Hardwood Floor, Combined with Living, Walkout To Balcony
    14.99 x 10.6ft
    Kitchen
    Ceramic Floor, Breakfast Area, Modern Kitchen
    8.6 x 8.6ft

    About this Listing

    This is absolutely unique property with gorgeous open 2 terraces ! Take a look at 3D tour first, It is one of a kind unit with 2 open terraces facing interior of the buildings - it makes it very quite !!! Then note - Low property taxes ($1,832,26), Low maintenance includes all utilities !!!! One underground parking spot and one locker incl. Absolutely gorgeous with rare find double terrace, bright & spacious open concept 1 bedroom + Den Suite with Parking & Locker at the luxurious Port Royale Place ! Maintenance include all utilities !!!! Enjoy entertaining in a modern style kitchen with upgraded finishes including an oversized quartz island. This suite includes two walkouts to amazing terrace, see 3D tour and pictures. Enjoy many building amenities including: Exercise room, movie theatre, games room, Concierge, Exercise Room, Gym, Party/Meeting Room, Visitor Parking. Islington or Kipling Subway stations is located within a short walking distance. Easy access to Go Train, Pearson Airport, 427 & QEW, parks, restaurants, schools, playgrounds & shopping. Well managed building with plenty of visitor parking. Parking Space + Large storage locker included.

    Extras3D Materport Tour and pictures. Its all real pictures of the subject property and 3Dtour.Inclusions: Existing: fridge, stove, washer, dryer, b/in microwave. 1 parking 1 locker. It is a big 1 bdrm + den unit Fast closing possible if needed.

    ipro realty ltd.MLS® #W9379650


    Amenities

    Security System
    Rooftop Deck
    Visitor Parking
    Bike Storage
    Games Room
    Indoor Parking

    Explore Neighbourhood

    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,799
    Average Individual Income
    $66,150
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,533
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    32%
    Detached
    31%
    Semi Detached
    23%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Other
    15%
    Mandarin
    12%
    Cantonese
    10%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    38%
    High School
    24%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Port Royal Place V Condos vs The Islington | City Centre West Area

    Days on Strata

    Units at Port Royal Place V Condos spend an average of
    43
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Islington | City Centre West

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    26th
    Highest price per SQFT out of 58 condos in the Islington | City Centre West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    Port Royal Place V Condos offers the
    ?
    best value out of 58 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Port Royal Place V Condos has the
    ?
    highest ROI out of 58 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Port Royal Place V Condos yields the
    ?
    highest rent prices out of 58 condos in the Islington | City Centre West neighbourhood

    High Demand

    Port Royal Place V Condos is the
    ?
    most popular building out of 58 condos in the Islington | City Centre West neighbourhood

    Transaction Insights at 7 Michael Power Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$480,000 - $490,000No Data$565,000 - $645,000No Data
    Avg. Cost Per Sqft$888No Data$757No Data
    Avg. Wait for Unit Availability126 Days309 Days109 Days472 Days
    Ratio of Units in Building34%25%39%4%

    Transactions vs Inventory

    Total number of units listed and sold in Islington | City Centre West