Maintenance Fees
Palais at Port Royal Place vs The Islington | City Centre West Area
1004 - 3 Michael Power Pl
$499,0001 bd1 ba1 pk657 sqft
For SalePalais at Port Royal Place
5.0
2 Days on Strata
$499,000
1 Bed + 1
1 Bath
1 Parking
657 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$610/mth
Taxes:
$1,910 (2024)
Cost Per Sqft:
$760/sqft
Outdoor Space:
Balcony
Locker:
Owned
Exposure:
South
Possession Date:
April 30, 2025
Amenities
Indoor Pool
Indoor Parking
Sauna
Concierge
Games Room
Party Room
Media Room
Bike Storage
Gym Room
Visitor Parking
About this Listing
Welcome to the sun-filled 1 bedroom plus full size den 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!
ExtrasAppliances Included: Dishwasher, Dryer, Washer, Refrigerator, Oven
keller williams real estate associatesMLS® #W12064262
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Foyer
7.58 x 3.58ft
Living
Walkout To Balcony, Combined with Dining, Open Concept
14.6 x 10.6ft
Dining
Combined with Living
14.6 x 10.6ft
Kitchen
9.74 x 8.6ft
Primary
11.58 x 9.58ft
Bathroom
7.68 x 4.92ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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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.
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
Household Income
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%
Building Trends At Palais at Port Royal Place
Days on Strata
Units at Palais at Port Royal Place spend an average of
26
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
1%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance 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 againProperty Value
-9%
Decrease in property value within the past twelve months
Price Ranking
26th
Highest price per SQFT out of 74 condos in the Islington | City Centre West area
Sold Units
16
Units were Sold over the past twelve months
Rented Units
18
Units were Rented over the past twelve months
Best Value Rank
Palais at Port Royal Place offers the best value out of 74 condos in the Islington | City Centre West neighbourhood
?
Appreciation Rank
Palais at Port Royal Place has the highest ROI out of 74 condos in the Islington | City Centre West neighbourhood
?
Rental Yield
Palais at Port Royal Place yields the highest rent prices out of 74 condos in the Islington | City Centre West neighbourhood
?
High Demand
Palais at Port Royal Place is the most popular building out of 74 condos in the Islington | City Centre West neighbourhood
?
Market Insights
Transaction Insights at Palais at Port Royal Place
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $478,000 - $523,000 | $540,000 | $585,000 - $664,000 | No Data |
| Avg. Cost Per Sqft | $903 | $742 | $746 | No Data |
| Price Range | $2,250 - $2,500 | $2,450 - $2,700 | $2,900 - $3,200 | $3,100 - $3,200 |
| Avg. Wait for Unit Availability | 57 Days | 73 Days | 49 Days | 299 Days |
| Avg. Wait for Unit Availability | 45 Days | 107 Days | 52 Days | 275 Days |
| Ratio of Units in Building | 37% | 22% | 40% | 3% |
Market Inventory
Total number of units listed and sold in Islington | City Centre West
