3 Michael Power Pl 1004
Islington-City Centre West, Etobicoke, M9A 0A2
FOR SALE
$545,000
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Property Description
Welcome to the sun-filled 1+1 bedroom suite at the stylish Palais at Port Royal Place! This bright and efficiently designed suite offers great south-facing views of the downtown skyline and Lake Ontario. Situated in the highly sought-after southern building of the Michael Power Place complex, this unit features quality finishes, including granite countertops and stainless steel appliances, perfect for modern living. Located in a prime location, you're just a short and enjoyable walk from the Islington Subway, Kipling GO Station, and the vibrant shops and restaurants of Islington Village.The building offers an impressive array of top-tier amenities, including: indoor pool, expansive fitness and aerobics centre, saunas, a chic party lounge room with a gourmet kitchen and cozy fireplace. There's a boardroom and a theatre. 24-hour concierge provides building security. There is ample visitor parking for having guests over. Discover a lifestyle of comfort, convenience, and sophistication in this exceptional suite your next home awaits!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-11-08 | 2025-01-04 | 57 | $555,000 | - | Terminated |
2019-05-27 | 2019-05-31 | 4 | $2,050 | $1,950 | Leased |
Nearby Intersections
Bloor & Islington (71)
Dundas & Kipling (63)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$1,910 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
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Etobicoke Market Statistics
Etobicoke Price Trend
3 Michael Power Pl 1004 is a 1-bedroom 1-bathroom condo listed for sale at $545,000, which is $21,433 (3.8%) lower than the average sold price of $566,433 in the last 30 days (December 10 - January 8). During the last 30 days the average sold price for a 1 bedroom condo in Etobicoke declined by $3,102 (0.5%) compared to the previous 30 day period (November 10 - December 9) and down $23,908 (4.0%) from the same time one year ago.Inventory Change
There were 612 1-bedroom condos listed in Etobicoke over the last 30 days (December 10 - January 8), which is down 47.0% compared with the previous 30 day period (November 10 - December 9) and up 43.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Etobicoke typically sold ($14,011) (2.5%) below asking price over the last 30 days (December 10 - January 8), which represents a $2,222 decrease compared to the previous 30 day period (November 10 - December 9) and ($16,186) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Etobicoke over the last 30 days (December 10 - January 8) stood at 59.3%, up from 47.1% over the previous 30 days (November 10 - December 9) and down from 71.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Etobicoke stood at 40 days when successfully sold over the last 30 days (December 10 - January 8), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Real Estate Associates
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