MLS® listing
5 Michael Power Place Ph02: condo apartment for sale
$629,900
From the listing brokerage
Penthouse Perfection! Spectacular City Skyline & Lake Ontario Views! Fall in love with the views, the light, and the lifestyle! Perched high above the city, this bright and spacious penthouse delivers unobstructed panoramic views of the Toronto skyline and Lake Ontario that never get old. The inviting open-concept living and dining area offers plenty of room to entertain, host dinner parties, or simply kick back and relax. Step out to your own private balcony - the perfect spot to sip a glass of wine, watch the sunset, and take in the sparkling cityscape.The thoughtfully designed split-bedroom layout offers the ideal balance of space and privacy. The generous primary bedroom features a private 3-piece ensuite, while the second bedroom is perfect for guests, a roommate, or your dream home office. A second full bathroom adds extra convenience. The stylish kitchen boasts granite countertops, stainless steel appliances, and an open view into the living area, so you can cook up a storm without missing a moment of your favourite show or the conversation! Whether you're a first-time buyer, downsizer, professional, or savvy investor, this penthouse offers the perfect opportunity to enjoy elevated city living with a view you'll never tire of! Come for the views - stay for the lifestyle! Elevated living, incredible views, and unbeatable convenience - this penthouse is the complete package!
Facts on the listing
| Square feet | 800-899 |
|---|---|
| Approximate age | 11-15 |
| Style | Apartment |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 5 |
| Maintenance fee | $890 |
| Property tax | $2,587 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South East |
| Fee includes | CAC Included, Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Concierge, Exercise Room, Gym, Party Room/Meeting Room, Recreation Room |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Parking | Underground |
| Interior features | None |
| Floor | 24 |
Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS® W13997938.
About this condo apartment
5 Michael Power Place Ph02 is a 2 bedroom condo apartment in TRREB's Islington-City Centre West community in Toronto, listed for sale at $629,900. The listing shows 2 bathrooms and 800-899 square feet. The style is given as apartment. The unit faces south east. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Bloor/Islington. The age is listed as 11-15 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: concierge, exercise room, gym, party room/meeting room and recreation room.
What it costs to buy 5 Michael Power Place Ph02
At the asking price of $629,900, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $629,900 |
|---|---|
| Ontario land transfer tax | $9,073 |
| Toronto municipal land transfer tax | $9,073 |
| Both taxes | $18,146 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $37,990 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $890 a month |
|---|---|
| Property tax (2025) | $2,587 a year, about $216 a month |
| Fee and tax together | about $1,106 a month |
The listing says the maintenance fee includes cac, common elements, heat, building insurance, parking and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $629,900, which is $79,900 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Islington Village
Detached houses around Dundas Street West and a large condo area near Islington and Kipling stations, at the western end of Line 2. TRREB reports both in one community, so its figures mix the two.
Transit: Line 2 Bloor Danforth at Islington and Kipling stations; Kipling GO station connected to Kipling station; 37 Islington, 110 Islington South, 111 East Mall and 49 Bloor West buses
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $594,500 | 170 sales, average $859,205 |
| Detached | About $1,301,000 | 43 sales, average about $1,592,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,170,000 | 10 sales, average about $1,198,000 |
| Condo townhouse | About $813,000 | 6 sales, average about $778,000 |
| Condo apartment | About $518,000 | 109 sales, average about $540,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Islington Village
Is Islington Village a good place to live?
On housing and transit it offers two very different price points on one subway line. From April to June 2026 condo apartments sold at a median of about $518,000 and detached houses at about $1,301,000, with Islington and Kipling stations on Line 2 and Kipling GO next to Kipling station (TRREB, TTC).
Why is the median price in Islington Village so low?
TRREB's Islington-City Centre West community includes the Etobicoke City Centre condo area. 109 of the 170 sales from April to June 2026 were condo apartments, which pulls the all property types median down to $594,500.
How much is a detached house in Islington Village?
From April to June 2026 the detached median was about $1,301,000 across 43 sales, with an average of about $1,592,000 (TRREB). These are chart readings, so treat them as approximate.
How many subway stops is Islington from Union station?
From Islington station it is 14 stops east on Line 2 to St George, then 6 stops south on Line 1 to Union, 20 stops in all (TTC map). Kipling station also connects to Kipling GO station.
Is Islington Village a heritage conservation district?
The City of Toronto's list of heritage conservation districts does not include one here. Montgomery's Inn at 4709 Dundas Street West is a City facility and individual properties can still carry heritage listings, so check the exact address.
Is there a GO station in Islington Village?
Yes. Kipling GO station, at 27 St. Albans Road, connects to Kipling station on Line 2 (TTC). Compare the GO and subway trips for your own schedule.
Read the Islington Village neighbourhood guide · All Islington Village homes for sale
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Questions about 5 Michael Power Place Ph02
How much is land transfer tax on 5 Michael Power Place Ph02?
At the asking price of $629,900 the Ontario tax is $9,073 and the Toronto tax is $9,073, $18,146 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 5 Michael Power Place Ph02?
$37,990 at the asking price of $629,900, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 5 Michael Power Place Ph02?
The listing shows $890 a month, including cac, common elements, heat, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 5 Michael Power Place Ph02?
The listing shows $2,587 a year for 2025, about $216 a month.
Is 5 Michael Power Place Ph02 priced above or below the median?
It is listed at $629,900. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $79,900 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 5 Michael Power Place Ph02?
Use the form on this page or call us. Quote MLS® W13997938. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 5 Michael Power Place Ph02 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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