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    Toronto / Etobicoke / Islington | City Centre West

    2305 - 3 Michael Power Pl

    For SalePalais at Port Royal Place
    $575,000
    1 Bed
    1 Bath
    1 Parking
    582 SQFT
    3 Days on Strata
    Est Sell Timeframe
    11 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $535/mth
    Taxes:
    $1,870 (2024)
    Cost Per Sqft:
    $988/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    February 1, 2025
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Open Concept, Granite Counter, Stainless Steel Appliances
    8.86 x 7.22ft
    Dining
    Combined with Living, Laminate, Open Concept
    16.41 x 14.76ft
    Living
    Combined with Dining, Walkout To Balcony, South View
    16.41 x 14.76ft

    About this Listing

    Spacious 1-bedroom Condo With An In-suite Walk-in Closet, Open Concept Living Area And Stunning High Floor Views Offering Complete Privacy. Located A Short Walk From Islington TTC Subway Station and Close To Major Highways (427, Gardiner, 401), It Provides Seamless City Access. Plus With The Upcoming Etobicoke City Centre Set To Include A Childcare Facility, Public Library, Retail Spaces, An Art Gallery, And A Health |Clinic, You Will Be At The Heart Of A Vibrant And Growing Community. Excellent Amenities: 24hr Concierge, Party Room, Indoor Swimming Pool, Gym, Theatre Room And Billiards Room. Includes 1 Underground Parking Space and 1 Locker. Grate Opportunity For First Time Buyers!

    homelife/bayview realty inc.MLS® #W10431328

    Amenities

    Concierge
    Indoor Parking
    Gym Room
    Bike Storage
    Media Room
    Visitor Parking

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    23,799
    Average Individual Income
    $66,150
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,533
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    32%
    Detached
    31%
    Semi Detached
    23%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    59%
    Other
    15%
    Mandarin
    12%
    Cantonese
    10%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Tamil
    1%
    Education
    University and Above
    38%
    High School
    24%
    College
    15%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    19%
    Social Sciences
    13%
    Health & Related Fields
    12%
    Math & Computer Sciences
    7%
    Humanities
    4%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Palais at Port Royal Place vs The Islington | City Centre West Area

    Building Trends At Palais at Port Royal Place

    Days on Strata

    Units at Palais at Port Royal Place spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Islington | City Centre West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    23rd
    Highest price per SQFT out of 58 condos in the Islington | City Centre West area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Palais at Port Royal Place offers the
    ?
    best value out of 58 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Palais at Port Royal Place has the
    ?
    highest ROI out of 58 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Palais at Port Royal Place yields the
    ?
    highest rent prices out of 58 condos in the Islington | City Centre West neighbourhood

    High Demand

    Palais at Port Royal Place is the
    ?
    most popular building out of 58 condos in the Islington | City Centre West neighbourhood

    Transaction Insights at 3 Michael Power Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$500,000 - $530,000$540,000 - $580,000$588,000 - $664,000No Data
    Avg. Cost Per Sqft$904$869$752No Data
    Avg. Wait for Unit Availability55 Days72 Days47 Days299 Days
    Ratio of Units in Building37%22%40%3%

    Transactions vs Inventory

    Total number of units listed and sold in Islington | City Centre West