Published 7 September 2026 · Updated 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Islington–City Centre
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3 Michael Power Place, Etobicoke, Toronto
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How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Very Bikeable
Transit, nearest first
- 4040 Junction-Dundas WestTTC bus0.2 km
- 2626 BurnhamthorpeMiWay bus0.2 km
- 5050 BurnhamthorpeTTC bus0.3 km
- 2Islington stationLine 2 Bloor–Danforth0.4 km
- GOKipling GOMilton line · weekdays0.9 km
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
Elementary & middleJK–8
Islington Junior Middle School
44 Cordova Ave
0.4 km · ~6 min walk
Zoned for this address
High schoolGr 9–12
Etobicoke Collegiate Institute
86 Montgomery Rd
0.9 km · ~14 min walk
Zoned for this address
Catholic elementary
Our Lady of Sorrows Catholic School
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic elementary
Our Lady of Peace Catholic School
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic secondary
Bishop Allen Academy Catholic Secondary School
2.3 km
Nearest, confirm zoning
French-language · MonAvenir (Catholic)
École élémentaire catholique Sainte-Marguerite-d'Youville
2.1 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Palais at Port Royal Place actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 5 | $458,900 | 17 | $2,250/mo |
| 1 bed + den | 5 | $490,000 | 8 | $2,438/mo |
| 2 bed | 12 | $589,000 | 11 | $2,900/mo |
| 2 bed + den | 0 | too few | 3 | $3,099/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Palais at Port Royal Place
Do mostly owners or renters live here?
Renter-heavy building. Of 61 deals here in the last 24 months, 39 were leases and 22 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Palais at Port Royal Place?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Palais at Port Royal Place
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Japanese
Ikkoi Sushi & Ramen
0.3 km · ~5 min walk
Japanese
Toji Sushi
0.3 km · ~5 min walk
Restaurant
Resurrection Restaurant + Bar
0.3 km · ~5 min walk
Thai
Thai Room Grand
0.3 km · ~5 min walk
American
Cravin Kitchen + Lounge
0.4 km · ~6 min walk
Café
Galata Turkish Café
0.3 km · ~5 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Fairfield Park
- Chestnut Hills Park
- Echo Valley Park
Prices: TRREB MLS® System aggregate medians for 3 Michael Power Place, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Palais at Port Royal Place, 3 Michael Power Place, is a 30-storey tower of about 261 suites completed in 2012, attributed to Pemberton Group.
It has the amenity package people actually use — indoor pool, sauna, movie theatre, fitness centre, concierge — and a credible ten-minute walk to Islington station. The trap with this building is its name: “Port Royal Place” attaches to at least seven separate addresses on this street, and they are separate condominium corporations. Make sure you know which one you are buying into.
The building itself
Thirty storeys, roughly 261 suites, 2012. Both listing databases agree on those figures, though they draw on the same underlying data, so treat it as one source rather than two.
Pemberton Group is named as developer by both. One of those entries reads like developer marketing copy, and I could not find a Pemberton corporate page confirming it — so it is well-reported rather than independently verified.
Amenities
Concierge, indoor pool, sauna, movie theatre, fitness centre, party room, media room, visitor parking and a parking garage. That is a full package, and in a 261-unit building it is a more comfortable ratio than the same facilities would be in a small mid-rise.
The usual caution applies about which of these belong to this corporation and which are shared across the Michael Power Place community — ask for the shared facilities agreement with the status certificate.
The suite size figure to ignore
One database gives the suite range as 560 to 835 square feet. Two other sources put the top of the range at roughly 1,050 square feet, with one-bedrooms starting around 580.
An 835-foot ceiling in a 261-unit, 30-storey tower is implausible — it would mean the building contains no two-bedroom-plus-den units at all. What that figure almost certainly reflects is the size of units currently listed, not the building. Use roughly 560–1,050 as the working range, and confirm the specific suite.
The naming trap
This is the part I most want you to read carefully, because it is where people make expensive mistakes.
“Port Royal Place” is attached to a run of addresses on Michael Power Place — 5, 7, 9, 11, 15 and 17 all carry Port Royal Place numbering, and 3 is “Palais at Port Royal Place.” Separately, at least one development database lists a project called “Port Royal Place III,” which may or may not correspond to any of them.
These are separate condominium corporations. They have different declarations, different reserve funds, different fee structures, different boards and different repair histories. A friend’s excellent experience at one Port Royal address tells you nothing reliable about the one you are considering.
When you order the status certificate, check that the corporation number on it matches the address on your agreement. It sounds obvious. On a street where six buildings share a name, it is not.
Transit
Sources put Islington station at about ten minutes on foot from 3 Michael Power Place, and describe the building as roughly equidistant from the Gardiner Expressway and Highway 427. That ten-minute figure matches what the same sources publish for 1 Michael Power Place next door, which is a reasonable consistency check.
One database also uses the phrase “steps to the Islington Subway station.” That is listing language, not a measurement, and I would not repeat it.
What I could not verify
- The architect. No source names one.
- The registration date, as opposed to the 2012 completion year.
- The corporation number beyond a reported TSCC 2226 — and note that the two sources publishing it are almost certainly drawing on the same data, so it is one source, not two.
- The current property manager (Del Property Management is named, from that same single source).
- How Palais relates, in phasing terms, to the other Port Royal Place buildings.
- Any published litigation, special assessment or major repair — none found, which is not the same as none existing.
The takeaway
Palais is a solid, amenity-complete 2012 tower with a realistic ten-minute subway walk, in a cluster that has become one of the more liveable pockets of Etobicoke Centre. Two practical instructions: ignore the 835 square foot ceiling you may see published, and confirm the corporation number on your status certificate matches your address, because six buildings on this street share a name and none of them share a reserve fund.
Thinking about this building?
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Building data for 3 Michael Power Place
Pulled from City of Toronto open data · Etobicoke-Lakeshore · read 18 October 2026
Most recent permits here
- New Building New Building · Inspection · 2005-12-22To construct a 30 storey, 261 unit condominium tower c/w 4 levels of underground parking. Building **H**
- Partial Permit Partial Permit - Shoring · Inspection · 2005-12-21Part Permit - To construct a 30 storey, 261 unit condominium tower c/w 4 levels of underground parking. Building **H** - New…
What is proposed nearby
- Site plan application · 1243 Islington Ave · 401 m awayProposed 61-storey mixed use building.
- Site plan application · 1276 Islington Ave · 284 m awayProposed infill development of a 35-storey, 25,700.63 square-metre, purpose-built rental building containing 375 residential units, and 262 parking spaces provided between four levels of…
- Rezoning / Official Plan amendment · 1243 Islington Ave · 401 m awayApplication to amend the Zoning By-law at 1243 Islington Avenue to permit a 61 storey (191-metre, excluding mechanical penthouse), comprising 702 dwelling units and…
See every application near this address, and get alerts
Registered unit counts and plan numbers come from the City’s register of residential condominiums (2002–2018), so buildings registered before 2002 show no plan data here. Permits and development applications come from the City’s open data and are updated automatically. Always confirm details with the status certificate before you buy.
Frequently asked questions
How many units are in Palais at Port Royal Place?
About 261, across 30 storeys, completed in 2012. Both databases reporting this draw on the same underlying data, so treat it as a single source.
Are the Port Royal Place buildings all one condominium corporation?
No. Numbers 3, 5, 7, 9, 11, 15 and 17 Michael Power Place carry related names but are separate corporations with separate declarations, reserve funds, fees and boards. Always confirm the corporation number on your status certificate matches your address.
What is the real suite size range at 3 Michael Power Place?
Roughly 560 to about 1,050 square feet. Disregard the 560–835 range one database publishes; that almost certainly reflects only currently listed units, not the building.
What amenities does Palais at Port Royal Place have?
Concierge, indoor pool, sauna, movie theatre, fitness centre, party room, media room, visitor parking and a parking garage. Ask which of these belong to this corporation and which are shared across the Michael Power Place community.
How far is 3 Michael Power Place from Islington station?
Sources give roughly a ten-minute walk, consistent with the figure published for 1 Michael Power Place next door. Ignore listing language like “steps to the subway,” which is not a measurement.
Who developed Palais at Port Royal Place?
Pemberton Group is named by both listing databases, though one entry reads as developer marketing copy and I found no Pemberton corporate page confirming it. Well reported, not independently verified.
How much do condos at Palais at Port Royal Place sell for?
Over the last 12 months the median resale at Palais at Port Royal Place was $510,000, across 10 sales. The typical unit sold in 28 days at about 98% of the asking price. That works out to roughly $694 per square foot.
How much is rent at Palais at Port Royal Place?
The median lease at Palais at Port Royal Place over the last 12 months was $2,350/mo, from 19 leases. Units typically leased in 14 days.
What does each unit type cost at Palais at Port Royal Place?
Over the last 24 months: One-bedrooms sold for a median $458,900 and rented for $2,250/mo; One-bedroom-plus-dens sold for a median $490,000 and rented for $2,438/mo; Two-bedrooms sold for a median $589,000 and rented for $2,900/mo; Two-bedroom-plus-dens rented for $3,099/mo. Each median uses three or more deals.
Are prices at Palais at Port Royal Place up or down since 2022?
Down about 29%. The median sold price per square foot was $971 in 2022 and $694 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Palais at Port Royal Place offer an investor?
At a median price of $510,000 and a median rent of $2,350 a month, the gross yield is about 5.5%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Palais at Port Royal Place?
Mostly renters. Of the deals here in the last 24 months, 64% were leases and 36% were sales.
Can you Airbnb a unit at Palais at Port Royal Place?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Palais at Port Royal Place had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Palais at Port Royal Place zoned for?
For TDSB public schools, the address is zoned for Islington Junior Middle School (Elementary & middle, JK–8), Etobicoke Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Palais at Port Royal Place?
The nearest subway is Islington station (Line 2 Bloor–Danforth), 0.4 km away; the nearest GO station is Kipling GO on the Milton line · weekdays, 0.9 km; the closest bus is the 40 Junction-Dundas West (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Palais at Port Royal Place?
Walk Score 91, Transit Score 91 and Bike Score 70. Most daily errands can be done on foot.
What restaurants and shops are near Palais at Port Royal Place?
Within about a 10-minute walk: Ikkoi Sushi & Ramen (Japanese), Toji Sushi (Japanese), Resurrection Restaurant + Bar (Restaurant), Thai Room Grand (Thai), Cravin Kitchen + Lounge (American).
Which parks are near Palais at Port Royal Place?
Fairfield Park, Chestnut Hills Park, Echo Valley Park are the closest green spaces.
What is my unit at Palais at Port Royal Place worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Palais at Port Royal Place lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Sources
Everything above that is a number or a name comes from one of these. Anything I could not source, I have marked as unverified in the text.
- condos.ca — Palais at Port Royal Place, 3 Michael Power Pl. Year built, 30 floors, 261 units, developer, corporation number, property manager, amenity list and the 560–835 suite range. Accessed 7 September 2026.
- strata.ca — 3 Michael Power Pl, Palais at Port Royal Place. Developer, amenity list, the wider suite size range, the ten-minute Islington walk and the Gardiner and Highway 427 context. Accessed 7 September 2026.
- condoreviews.ca — Palais at Port Royal Place. Year, unit count, corporation number and the 560–1,050 square foot suite range. Accessed 7 September 2026.
- Condominium Authority of Ontario — condo registry search. Free verification of the corporation number attached to any Ontario condominium address. Accessed 7 September 2026.
Related reading
- The Etobicoke condo directory — every condominium corporation I could find, by neighbourhood
- Boutique low-rise condos between Islington and Kipling
- The condos within walking distance of Islington station
- All of my Etobicoke real estate writing
About the author — Jatin Dua, Etobicoke real estate agent
I’m the Broker of Record at RE/MAX Quantum Realty, 799 The Queensway in Etobicoke, a few minutes from every building on this page. I work with buyers, sellers and investors across Mimico, Humber Bay Shores, New Toronto, Long Branch, Alderwood and the Stonegate–Queensway corridor. I write these building guides the way I’d brief a client at my own kitchen table: what is documented, what isn’t, and where the published numbers disagree with each other.
Questions about a specific suite? [email protected] or 833-330-1925.
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.