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            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# W4995593

            Sold Cnd
            $589,000
            2br 2ba 800-899sf

            Prop Tax

            $1,985

            Condo Fee

            $658

            Exposure

            S

            Mortg/m

            $ calculator

            WalkScore

            72

            Compare$550,201

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE

            Learn more about this property:
            MLS# W4995593 Listing Details
            Among all comparable properties sold in condo located at 3 Michael Power Place in Islington-City Centre West in Toronto from Jan 2017 to Nov 2020, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:

            $501,033

            Maximum Price Adjusted was:

            $634,480

            AIDA's ESTIMATE (based on 13 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($589,000) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 13 comparable properties sold in condo located at 3 Michael Power Place in Islington-City Centre West in Toronto from Jan 2017 to Nov 2020

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2017-01-10***Lph023 Michael Power PlNe800-8992+0 • 21.0$565$2,014$426,80031.65%***
            2017-03-08***21083 Michael Power PlNw800-8992+0 • 21.0$579$1,899$515,00023.2%***
            2017-04-03***20033 Michael Power PlSe800-8992+0 • 21.0$565$2,150$495,00018.88%***
            2017-04-19***28033 Michael Power Place PlSe800-8992+0 • 21.0$623$2,043$510,00018.88%***
            2017-05-02***7033 Michael Power PlSe800-8992+0 • 21.0$623$2,043$447,96515.18%***
            2017-05-17***25023 Michael Power PlNe800-8992+0 • 21.0$594$1,899$495,00015.18%***
            2017-05-17***5033 Michael Power PlSe800-8992+0 • 21.0$623$2,119$435,00015.18%***
            2017-07-06***8023 Michael Power PlNe800-8992+0 • 21.0$594$1,995$435,00017.87%***
            2017-12-11***4023 Michael Power PlNe800-8992+0 • 21.0$594$1,935$455,00018.16%***
            2018-09-06***11083 Michael Power PlNw800-8992+0 • 21.0$604$1,948$505,0008.43%***
            2018-09-23***20083 Michael Power PlNw800-8992+0 • 21.0$604$1,856$510,0008.43%***
            2019-01-18***15023 Michael Power PlN800-8992+0 • 21.0$604$1,948$505,0006.5%***
            2019-04-05***21023 Michael Power PlNe800-8992+0 • 21.0$604$1,856$530,0000.29%***

            Islington-City Centre West, Toronto Sales History More

            Islington-city Centre West, Toronto: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Islington-city Centre West, Toronto: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            2707 3 Michael Power Place is a condo apt apartment, located in Islington-City Centre West of city of Toronto, Toronto region, near Bloor & Dundas, and has been available for sale on ITRealty since 2020-11-20. This unit is located at level 26 of the building and has South exposure of Michael Power Pl. Condo registry office is TSCP, corporation number 2226.

            Lot Size and Living Area:

            2707 3 Michael Power Place has 5+0 rooms in total, including 2+0 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 800-899 square feet. 3 Michael Power Place building was built appriximately 6-10 years ago.
            1.0 parking space(s) are owned and located undergrnd at level P3 . The locker is owned. This condo has an ensuite laundry.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Clear View, Hospital, Park, Place Of Worship, Public Transit, School at, or near the property.
            AIDA has also found the following features: Motivated Seller Indications, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

            Price & Cost Overview

            General:

            2707 3 Michael Power Place condo apt is listed for $589,000. Property tax for year 2020 was $1,985. And the monthly maintenance fee was $659.

            Comparative Market Analysis:

            There are similar 2+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $550,201.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $2,210, and total expenses, including the mortgage, property tax and maintenance, fee around $2,430, assuming $589,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 2707 3 Michael Power Place, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Buyer Cashback:

            You may be eligible for a Buyer Cashback up to $8,800 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Overview

            General:

            Islington-City Centre West, where 3 Michael Power Place is located, has $772,685 Home Price Index, and $2,283 Home Rent Index. Average household income at dissemination area of 3 Michael Power Place is $53,166, and average polulation age is 41 years old.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,059,943, and average Home Rent Index $2,565.

            Similar Properties & Community Details:

            There are similar to 2707 3 Michael Power Place 2 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 3 Michael Power Place.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Islington-City Centre West neighborhood in city of Toronto.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 72, 98, and 76 accordingly, location of 3 Michael Power Place overall can be described as Very Walkable, Rider's Paradise, and Very Bikeable.

            2707 3 Michael Power Place Listings History Powered By AIDA
            Islington-city Centre West, Toronto Sales & Rent History Powered by AIDA
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Toronto Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (94 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes sell?
            You may expect 48 to 58 properties like that to be sold in Islington-City Centre West during the next 30 days.
            Seasonal sales fluctuation is showing 33% inventory increase comparing to the average annual number, which is equvalent to 39.92 properties sold per month, and 7% increase comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 7 days, which is 11 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 8% D.O.M. increase comparing to the average annual number, which is equvalent to 16 D.O.M., and -1% decrease comparing to the last six months indicating slightly growing demand for this type of properties within this price range.
            At what price can it be sold?
            Similar properties currently sell very close to its asking price in Islington-City Centre West.
            The selling to asking price ratio is declining in Islington-City Centre West.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4995593 Comparative Market Analysis

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