7 Michael Power Place 509, Toronto W08

$439,000
7 Michael Power Place 509

$439,000

New
2d
Condo ApartmentApartment

7 Michael Power Place 509, Toronto W08

Total Monthly Obligation $2,888

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
500-599
DOM
2d
Score
17
Yield
5.6%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Condo Apartment
MLS® Number-W14101162
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,956.64 (2026)
Maintenance-$754.41/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Electric)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Brick
Possession-60-90
Neighbourhood-Islington-City Centre West
Title-Residential Condo & Other

No agent assigned

Lovingly Maintained 1-Bedroom Condo in the Heart of Islington Village! Welcome to this lovingly maintained 1-bedroom, 1-bathroom condo offering a wonderful combination of space, natural light and an excellent floor plan. The bright and spacious kitchen and living room provides plenty of room to cook and entertain, while the generous bedroom offers a comfortable retreat at the end of the day. Step out onto the private balcony, the perfect spot to relax with your morning coffee, unwind after a long day, or settle in with a good book. A fantastic opportunity for first-time buyers, downsizers or investors looking for a well-maintained property in a highly desirable location. Enjoy the best of Islington Village right outside your door, with the Islington Subway Station, shops, cafes and restaurants along Bloor Street all just steps away. Easy access to the Gardiner Expressway, Highway 427, Sherway Gardens and more.

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%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$351,200
Land Transfer Taxes$5,255
Legal Fees (Est.)
$
Total cash required for closing$94,555

Total Monthly Obligation

$2,888/mo
Mortgage $1,771
Monthly Loss $2,422
Principal$466
Interest$1,305
Property Tax$163
Condo Fees$754
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
5.6%13
10-Year IRR
7.5%
Returns Index
7.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$8,817/yr
Net Cash Flow
-$1,036/mo
Cash Margin
-50.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
26.2/ 100

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

Comparables

Properties near 7 Michael Power Place 509

Time

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