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$464,900
DOM45days15 Michael Power Place · Toronto · Ontario M9A 5G4
45 days on market
ALL UTILITIES, TWO OWNED PARKING SPOTS AND A LOCKER, ONE FIXED MONTHLY FEE. Top-floor penthouse 1bedroom plus den on the 16th floor with no neighbours above. Maintenance covers heat, hydro, water, central air, building insurance and parking, so monthly costs are predictable. Two owned underground spots (P2), a rarity at this size where most units come with one. Use both, or keep the second for a guest, a second car or future resale value. Owned locker (B2) and ensuite laundry. Bright open-concep…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: RE/MAX PREMIER INC.
Source: TRREB/PROPTX · MLS® W13752578
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $21,164 | $1,764/mo |
| Government & taxes | ||
| Property tax | $2,142 | $178/mo |
| Land transfer tax(closing) | $5,773 | $481/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,649 | $387/mo |
| Condo fees | ||
| Condo / HOA fees | $9,186 | $765/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $53,574 | $4,464/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.