
1 Michael Power Place, Toronto W08
Toronto W08
$479,000
Cash flow, cap rate & mortgage breakdown
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Listed by LPT REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,600/mo
Estimated from market price-to-rent ratios
Remarks
Step into this impeccably maintained 1-bedroom, 1-bathroom suite and feel the difference immediately; it's freshly painted, flooded with natural light through floor-to-ceiling windows, and thoughtfully designed so every square foot works for you. The east-facing balcony is your private retreat. The sleek open-concept kitchen doesn't just look good, it performs. Quartz countertops, stainless steel appliances, and generous cabinetry make cooking and entertaining effortless, flowing naturally into a living area that's both comfortable and versatile. The spacious bedroom with an oversized closet rounds out a layout that simply makes sense. What's included: 1 underground parking space + 1 storage locker. Maintenance fees at $578.73 per month covering heat, water, central A/C, building insurance, parking, and common elements are exceptional value in today's market. Resort-style amenities: 24-hour concierge, indoor pool, fitness centre, sauna, theatre room, party room, and visitor parking. Location that connects you to everything: Steps to Islington Subway Station, minutes to Kipling GO, with direct access to Hwy. 427, the QEW, and the Gardiner Expressway. Walkable to dining, cafés, boutiques, parks, and daily essentials in the heart of Islington City Centre. Who this is perfect for: This unit is ideal for young professionals seeking a low-maintenance, well-located base close to transit and the downtown core; first-time buyers ready to enter the market with predictable carrying costs; downsizers looking to simplify without sacrificing comfort or amenities; and investors targeting a high-demand rental pocket with strong transit connectivity and consistent rental appeal in Etobicoke.
MississaugaInvestor.ca
1 Michael Power Place
Condo Apartment · 1bd/1ba · ~550 sqft
$479,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.84%
Monthly Cash Flow
-$1,868/mo
Estimated Rent
$1,600/mo
Cash-on-Cash
-21.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,600 |
| Mortgage | −$2,205 |
| Property Tax | −$379 |
| Insurance | −$225 |
| Condo Fee | −$579 |
| Vacancy (5%) | −$80 |
| Cash Flow | -$1,868/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$19,200 |
| Vacancy (5%) | −$960 |
| Property Tax | −$4,551 |
| Insurance | −$2,700 |
| Condo Fee | −$6,948 |
| Annual NOI | $4,041 |
| Cap Rate | 0.84% |
Cash Required to Close
| Down Payment (20%) | $95,800 |
| Ontario Land Transfer Tax | $6,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $104,855 |
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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