It's no secret that as you head uptown along Toronto's Yonge Street, you'll be met with development sites abound, which are working together to rapidly change the face of the city's north end.
One development in particular, Olive Residences, is poised to bring a high-end, value-packed opportunity to the increasingly popular area.
Rising at 36 Olive Avenue, just west of the Yonge Street and Finch Avenue East intersection, Olive Residences is poised to see final occupancy in 2026.
But with sales recently launched, new renderings from developer Capital Developments are giving future residents -- and investors -- plenty to get excited about.
READ: What’s Really Happening in the GTA Condo Market Right Now
The sleek, luxurious tower is adding 350 new condominium units to the sought-after Willowdale neighbourhood. They range from one- to three-bedrooms, offering layouts that can accommodate a wide variety of households and lifestyles.
Renderings of the units themselves reveal beautifully designed, modern apartments with floor-to-ceiling windows and plenty of balcony space -- both essentials for city living. The kitchens are custom designed and feature Kohler fixtures, premium countertops, and integrated appliances.
Olive Residences (rendering)
The bathrooms look like a space any Torontonian would be more than happy to get ready in, or wind down in, featuring crisp and simple designs finished with custom vanities, backlit mirrors, and polished chrome accents.
Olive Residences (rendering)
Residents can also anticipate a slew of luxurious amenities, including a gorgeous terrace outfitted with everything from greenery (including a communal herb garden) to a lounge area, and even a double fireplace. For those who prefer their gatherings centred around food, there will also be a barbecue and an outdoor pizza oven at the ready.
Olive Residences (rendering)
Inside, residents will find everything from meeting rooms and collaborative spaces to a social lounge, plus a private catering kitchen, and that's just on the ground level. Like the suites, Olive Residences' amenity spaces are thoughtfully designed to be warm and welcoming, yet at the same time, chic, upscale and modern.
Olive Residences (rendering)
Olive Residences isn't Capital Developments' first foray into the Yonge and Finch area. In fact, the new build follows the success of the developer's 32-storey condo development Azura, located just south of Finch subway station, which quickly sold out in pre-construction sales. The appetite for homes in the Yonge and Finch area is certainly strong, and it's not hard to see why.
For starters, the neighbourhood's transit connectivity is great. Olive Residences is just a five-minute walk from the Finch subway station, 23-minutes by subway to Bloor-Yonge, and 30-minutes by subway to Union Station. And within a few-block radius of the upcoming high-rise, you'll be able to find everything needed for a well-connected life: dozens of restaurants, plush park space, schools, a Cineplex, and all the shopping essentials you could ask for, including an LCBO, Longo's, Whole Foods, Shoppers, and PetSmart.
READ: Uptown’s Downtown: Yonge and Finch Neighbourhood is on the Rise
Olive Residences (rendering)
Olive Residences (rendering)
In Toronto, you don't have to look far to find condo buildings packed with cheap, builder-grade finishings, but Capital Developments has proven their commitment to bringing high-quality buildings to the city. For evidence, again, we can look to Azura, where the developer actually continued to upgrade the quality of the building's finishings after it had already sold out. The team added beautiful glass in the lobby, real hardwood in the amenity spaces, and new work-from-home spaces and better Wi-Fi connectivity, to best accommodate virtual and remote work.
READ: What to Consider When Investing in a Pre-Construction Condo
And it isn't only future residents who have something to look forward to in Olive Residences; the development offers a prime opportunity for investors, too. Of course, the GTA housing market has seen some turbulence in recent history, but notably, the condo market has emerged relatively healthy. In fact, condo apartments were the only housing type to report a year-over-year gain in December, according to the data from the Toronto Regional Real Estate Board (TRREB) -- a reflection of the GTA's market fundamentals: consistent demand that challenges supply and appreciates values, even in uncertain times.
With the growth Toronto's uptown node is experiencing -- incredible restaurants, vibrant nightlife, and the coming Yonge North Subway Extension, which will see TTC service expanded north from Finch to Vaughan, Markham, and Richmond Hill -- this area has become increasingly appealing for end-user buyers and renters alike. Considering the area's blossoming popularity (not to mention the way rent prices are currently compounding), investors have good reason to trust their ROI in this postal code.
Olive Residences (rendering)
To get in on the ground floor of a great condo development is one thing, but to stake your claim on a piece of an entire burgeoning pocket of the city is something else entirely. Olive Residences presents the opportunity to do both.
To learn more, visit www.oliveresidences.ca.
Cover image: Olive Residences (rendering)
This article was produced in partnership with STOREYS Custom Studio.
