Score
0Toronto, ON
17 Michael Power Pl #413
645K
2 beds
2 baths
2 bd • 2 ba • sf
This analysis was generated on 2/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$644,990
Price/Sq.Ft
$644,990
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime Location: Situated in the heart of Islington Village, the property offers a vibrant west-end living experience with convenient access to local amenities. The proximity to the GO line is a significant advantage for commuters, providing easy access to downtown Toronto and surrounding areas.
• Split-Bedroom Layout: The well-planned split-bedroom layout offers enhanced privacy, making it suitable for roommates or families who value separation between living spaces.
• Recent Upgrades: The upgraded kitchen (2024) and new flooring (2024) add value to the property, reducing the need for immediate renovations and enhancing its appeal to potential buyers.
• All Utilities Included: The inclusion of all utilities in the maintenance fee simplifies budgeting and provides predictable monthly expenses.
• Ample Visitor Parking: The availability of ample visitor parking is a convenient feature for residents who frequently have guests.
The Bad
• Lack of Square Footage Information: The absence of square footage makes it difficult to accurately assess the price per square foot and compare it to similar units in the area. This is a significant omission for potential buyers trying to determine value.
• Unknown Year Built: The listing does not specify when the building was constructed, making it difficult to assess its condition and potential maintenance needs. Older buildings may have higher repair costs.
• Reliance on Description: The analysis relies on the accuracy of the property description. An in-person viewing is needed to confirm the actual condition and quality of upgrades.
• No Information on Specific Maintenance Fees: While the listing mentions that all utilities are included, it does not provide the specific amount of the monthly maintenance fees. These fees can significantly impact the overall cost of ownership.
The Ugly
• Potential for High Maintenance Fees: While the listing states that utilities are included, the actual maintenance fees could be high, depending on the building's operating costs and reserve fund status. High maintenance fees can significantly impact affordability.
• Risk of Special Assessments: As a condominium, the property is subject to potential special assessments for major repairs or upgrades to the building. These assessments can result in unexpected costs for unit owners.
• Dependence on Building Management: The quality of life in the condominium depends heavily on the effectiveness of the building management. Poor management can lead to maintenance issues, increased costs, and a decline in property value.
• Market Volatility: Toronto's real estate market can be volatile, with prices subject to fluctuations based on economic conditions and other factors. This can impact the value of the property over time.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking a well-maintained, move-in-ready condo in a vibrant west-end Toronto location with convenient access to transportation and amenities. The Islington Village location, proximity to the GO line, and included parking and storage cater to commuters and those who value accessibility.
• Individuals who appreciate a split-bedroom layout for enhanced privacy. This configuration is suitable for roommates or those who desire separation between the primary suite and guest bedroom.
• Those who value all-inclusive maintenance fees, simplifying budgeting and covering essential utilities.
• Buyers prioritizing updated features, such as the renovated kitchen and new flooring, which minimize immediate renovation needs.
Not For
• Buyers requiring a large living space. Without square footage information, it is difficult to determine the exact size of the unit, but condo units are generally smaller than detached homes.
• Individuals seeking low monthly expenses. While all utilities are included, the monthly maintenance fee could be substantial, depending on the building's overall costs and reserve fund status.
• Those who prefer newer construction. The 'Year Built' is unknown, so those with a strong preference for modern buildings may find this less appealing.
• Buyers with multiple vehicles may find one parking space insufficient.
Demographics
Area Median Income
$133,209
Property History
Price History
Ownership Timeline
$375,000Financed
Dec 15, 2006Daniel PetreccaNeisy Garcia
Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$2,170
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