
605- 1 Michael Power Place, Toronto W08
Toronto W08
$519,000
Cash flow, cap rate & mortgage breakdown
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Listed by SAGE REAL ESTATE LIMITED
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
44
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Every home has a story, and this one begins with morning coffee as sunlight fills your living room and ends with breathtaking sunsets from your private south-facing balcony.Welcome to 1 Michael Power Place, a bright and beautifully maintained 1+Den suite offering one of the largest and most functional layouts in the building. Freshly painted and move-in ready, this home combines modern finishes with the flexibility today's lifestyle demands.The open-concept kitchen is designed to bring people together, featuring quartz countertops, stainless steel appliances, ample cabinetry, and a breakfast island overlooking the living and dining area. Recent updates include a new fridge, new stainless steel stove (2026), built-in dishwasher (2023), and stacked washer and dryer (2025), allowing you to simply move in and enjoy.Floor-to-ceiling windows fill the home with natural light, while the spacious primary bedroom offers double closets and a cozy nook perfect for reading or working from home. The generous den easily transforms into a home office, nursery, or guest room. Laminate flooring runs throughout, and the suite includes one underground parking space and a locker.Life here extends beyond your front door with exceptional amenities including a 24-hour concierge, indoor pool, fitness centre, sauna, theatre room, party room, games room, and visitor parking.Perfectly located in the heart of Islington City Centre, you're just steps to Islington Subway Station and minutes to Kipling GO, Highway 427, the QEW, and Pearson Airport. Walk to restaurants, cafés, shopping, parks, and everyday conveniences. Across the street, the future Etobicoke Civic Centre redevelopment will introduce a new civic centre, library, community centre, and vibrant public spaces, making this one of Etobicoke's most exciting and connected neighbourhoods.Whether you're buying your first home, downsizing, or investing, this is a place where comfort, convenience, and opportunity come together.
MississaugaInvestor.ca
605- 1 Michael Power Place
Condo Apartment · 2bd/1ba · ~750 sqft
$519,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.23%
Monthly Cash Flow
-$1,858/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-19.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,389 |
| Property Tax | −$411 |
| Insurance | −$225 |
| Condo Fee | −$685 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,858/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,931 |
| Insurance | −$2,700 |
| Condo Fee | −$8,220 |
| Annual NOI | $6,379 |
| Cap Rate | 1.23% |
Cash Required to Close
| Down Payment (20%) | $103,800 |
| Ontario Land Transfer Tax | $6,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $113,655 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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