5 Michael Power Place 709, Toronto W08

$425,000
5 Michael Power Place 709

$425,000

New
9d
Condo ApartmentApartment

5 Michael Power Place 709, Toronto W08

Total Monthly Obligation $2,701

Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
9d
Score
18
Yield
5.8%
Cash on Cash
-6.1%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.8%
Property Type-Condo Apartment
MLS® Number-W14033800
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$1,998.33 (2026)
Maintenance-$620.35/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Roof-Unknown
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Islington-City Centre West
Title-Residential Condo & Other

No agent assigned

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.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,701/mo
Mortgage $1,714
Monthly Loss $2,250
Principal$451
Interest$1,263
Property Tax$167
Condo Fees$620
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%19
10-Year IRR
8.6%
Returns Index
10.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$24,696/yr
NOI
$10,384/yr
Net Cash Flow
-$849/mo
Cash Margin
-41.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
28.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 5 Michael Power Place 709

Time

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Data last updated within the past 24 hours.