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    Toronto / Islington | City Centre West

    1003 - 3 Michael Power Pl

    $2,8502 bds2 ba1 pk800 - 899 sqft
    For RentPalais at Port Royal Place
    5.0
    14 Days on Strata
    Est Lease Timeframe:
    24 Days
    $2,850/mth
    2 Beds
    2 Bath
    1 Parking
    800 - 899 SQFT

    Listing History

    Details

    Property Type:

    Condo

    Possession Date:

    May 1, 2025

    Lease Term:

    1 Year

    Utilities Included:

    No

    Outdoor Space:

    Balcony

    Furnished:

    No

    Exposure:

    South East

    Locker:

    Owned

    Laundry:

    Main

    Amenities

    Sauna
    Indoor Parking
    Gym
    Bike Storage
    Visitor Parking
    Indoor Pool
    Games Room
    Media Room
    Party Room
    Concierge

    About this Listing

    Corner Condo At Palais Royal Place. Fantastic Lake Views. Dark Hardwood Laminate & Upgraded Porcelain Tiles Throughout. Granite Counter Tops In Kitchen And Washrooms, W/O Balcony. Walking Distance To Parks, Schools, Bloor St. Shops, Restaurants, Islington Subway, Kipling Go Station & Hwys.

    ExtrasStainless Steel Appliances, Fridge, Stove, Built-In Dishwasher, B/I Microwave, Washer/Dryer, All Window Coverings. One Parking & Locker Included.

    re/max real estate centre inc.MLS® #W12067724

    Fees & Utilities

    Utilities Included

    Rent Includes
    Heat
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Air Conditioning
    Water

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room Dimensions

    Living

    hardwood floor, Combined with Dining

    18.67 x 10.83ft

    Dining

    hardwood floor, Combined with Living

    18.67 x 10.83ft

    Kitchen

    Granite Counter, Backsplash

    7.91 x 7.64ft

    Primary

    Walk-in Closet

    12.83 x 10.01ft

    2nd Bedroom

    Mirrored Closet

    10.01 x 9.68ft
    Renter's Market
    Balanced
    Landlord's Market

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    7/10
    Walkability
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    9/10
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    6/10
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    The bike lane starts to feel like a second home.

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    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%

    Building Trends At Palais at Port Royal Place

    Days on Strata

    Units at Palais at Port Royal Place spend an average of
    33
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    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

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    24th
    Highest price per SQFT out of 74 condos in the Islington | City Centre West area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    17
    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 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$2,250 - $2,500$2,425 - $2,700$2,900 - $3,200$3,100 - $3,200
    Avg. Wait for Unit Availability46 Days105 Days52 Days275 Days
    Ratio of Units in Building37%22%40%3%

    Market Inventory

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