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    Palais at Port Royal Place

    3 Michael Power Place

    1for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    30
    Number of Units:
    261
    Condo Completion:
    2012
    Condo Demand:
    High
    Unit Size Range:
    500 - 1,050 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Palais at Port Royal Place

    Amenities

    Party Room
    Concierge
    Sauna
    Indoor Pool
    Indoor Parking
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 3 Michael Power PlacePalais at Port Royal Place

    The Palais at Port Royal Place took a small army to create: Pemberton Group was in charge of the development process, BURKA Architects the building’s design, and NAK Design Group the landscaping. Completed in 2012, the resulting tower at 3 Michael Power Place reaches to 30 storeys and contains 261 Etobicoke condos.

    Prospective residents in search of one of those all-inclusive buildings have come to the right place, as 3 Michael Power Place is equipped with more than enough amenities to go around. To start, there’s a concierge and visitor parking, which benefits both residents and their guests. Then there are the communal spaces that encourage a healthy lifestyle filled with rest and relaxation, such as the indoor pool, sauna, and movie theatre. And last but not least, there’s also a sizeable fitness centre on site at Palais at Port Royal Place.

    The Suites

    Toronto condos for sale at 3 Michael Power Place come in many shapes and sizes. One bedroom homes start at around 580 square feet, with one bedroom plus den, two bedrooms, two bedrooms plus den also found throughout the building. Those hoping to raise a large family might want to look elsewhere, however, as the largest suites cover approximately 1,050 square feet.

    The homes at 3 Michael Power Place manage to feel contemporary yet anything but cold. The floor-to-ceiling windows don’t hurt, ushering bright, warm sunlight into every corner of the suites. Granite countertops, ceramic tile backsplashes, and kitchen islands are common throughout the building, and many units happen to contain balconies as well.

    The Neighbourhood

    The Islington & City Centre West neighbourhood is a great alternative to the downtown core. Also a central business district, those looking for a home in a neighbourhood that’s less dense, yet just as industrious, have come to the right place.

    Residents can get in touch with the neighbourhood’s history by embarking on a self-guided tour along Dundas Street West. Between Islington and Kipling, more than 20 murals proudly display moments, people, and places from the area’s past. And while the eclectic array of restaurants on Dundas are tempting, those craving a healthy, home-cooked meal can head over to the Sobeys Urban Fresh at Bloor and Islington in order to pick up all of the ingredients they need.

    Another selling point for Islington and City Centre West is all the green space that occupies the neighbourhood. Residents living at 3 Michael Power have their pick between nearby spots like Michael Power Park and Kenway Park, or they can travel slightly farther in order to reach Tom Riley Park or Centennial Park.

    Transportation

    Living at 3 Michael Power Place is convenient for residents who drive, as well as those who prefer to use public transit to get around. Islington Station on the Bloor-Danforth subway line takes just 10 minutes to reach on foot, and from there Bloor and Yonge is a 30-minute ride away.

    As for those who drive, the building is about equidistant from two major highways: the Gardiner Expressway and the 427. The former is useful for zipping toward the city centre in a hurry, while the latter can be used to reach Pearson International Airport or the 401 in no time.

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    Listings For Sale

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    Listings For Rent

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    Nearby Amenities

    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%

    Days on Strata

    Units at Palais at Port Royal Place spend an average of
    16
    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

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 57 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 57 condos in the Islington | City Centre West neighbourhood

    Appreciation Rank

    Palais at Port Royal Place has the
    ?
    highest ROI out of 57 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Palais at Port Royal Place yields the
    ?
    highest rent prices out of 57 condos in the Islington | City Centre West neighbourhood

    High Demand

    Palais at Port Royal Place is the
    ?
    most popular building out of 57 condos in the Islington | City Centre West neighbourhood

    Transaction Insights at 3 Michael Power Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$515,000 - $535,000$560,000 - $605,000$628,000 - $680,000No Data
    Avg. Cost Per Sqft$880$873$769No Data
    Avg. Wait for Unit Availability51 Days69 Days47 Days349 Days
    Ratio of Units in Building37%22%39%3%

    Maintenance Fees

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

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