Palais at Port Royal Place
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0Listings for Rentfor Rent
3 Michael Power Pl
Palais at Port Royal Place
3 Michael Power Plexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    73
    Transit Score
    99
    Bike Score
    66
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Pemberton Group
    Condo Completion
    2012
    Property Management
    Del Property Management Inc.
    Unit Size Range
    500 - 1050 SQFT
    Number of Units
    261
    Number of Storeys
    30

    3 Michael Power Pl, Toronto

    About this condo

    Condo Overview

    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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    Amenities

    Sauna
    Recreation Room
    Media Room
    Games Room
    Underground Parking
    Party/Meeting Room
    Guest Suites
    Concierge
    Visitor Parking
    Indoor Pool
    Gym

    Maintenance Fees Cover

    Maintenance fees include

    None

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning
    Water

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Palais at Port Royal Place vs The Islington | City Centre West Area

    $100.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Palais at Port Royal Place's Avg
    price per SQFT
    $977
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $877
    / SQFT

    Building Trends At Palais at Port Royal Place

    Days on Market

    Units at Palais at Port Royal Place spend an average of
    25
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    above
    the 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
    6
    YEARS before being sold again

    Property Value

    13%
    Increase in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 47 condos in the Islington | City Centre West area

    Sold Units

    25
    Units were Sold over the past twelve months

    Rented Units

    25
    Units were Rented over the past twelve months

    Best Value

    Palais at Port Royal Place offers the
    ?
    best value out of 47 condos in the Islington | City Centre West neighbourhood

    Return on Investment

    Palais at Port Royal Place has the
    ?
    highest ROI out of 47 condos in the Islington | City Centre West neighbourhood

    Rental Yield

    Palais at Port Royal Place yields the
    ?
    highest rent prices out of 47 condos in the Islington | City Centre West neighbourhood

    High Demand

    Palais at Port Royal Place is the
    ?
    most popular building out of 47 condos in the Islington | City Centre West neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed531 - 600 SQFT
    Average Cost Per Sqft$863
    Sales Price Range$490,000 - $560,000
    Rental Price Range$1,700 - $1,900
    1 Bed + Den646 - 680 SQFT
    Average Cost Per Sqft$865
    Sales Price Range$540,000 - $605,000
    Rental Price Range$1,975 - $2,000
    2 Bed835 - 900 SQFT
    Average Cost Per Sqft$722
    Sales Price Range$599,900 - $815,888
    Rental Price Range$2,200 - $2,400

    How Often Are Units Listed?

    1 Bed500 - 667 SQFT
    Average Sales Availability
    Every40Days
    Average Rental Availability
    Every45Days
    Ratio of Unit Type in Building37%
    1 Bed + Den600 - 900 SQFT
    Average Sales Availability
    Every75Days
    Average Rental Availability
    Every80Days
    Ratio of Unit Type in Building20%
    2 Bed740 - 949 SQFT
    Average Sales Availability
    Every40Days
    Average Rental Availability
    Every45Days
    Ratio of Unit Type in Building40%
    2 Bed + Den1000 - 1050 SQFT
    Average Sales Availability
    Every316Days
    Average Rental Availability
    Every428Days
    Ratio of Unit Type in Building3%

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

    $0.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Palais at Port Royal Place's Avg
    monthly maintenance
    fee per SQFT
    $0.69
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.69
    / SQFT

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