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Condo Project Summary
This new condo project is coming to an upscale part of the City of North York.
Olive Residences is a new modern high-rise condominium by Capital Developments in North York. This 29-storey pre-construction project with 350 units will be located near the main intersection of Finch Ave E and Yonge St near restaurants, retail shops, local parks and schools.
This new development will offer units ranging from junior one bedrooms, and one to three bedrooms in an area surrounded by multi-storey condominiums.
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According to the Growth Plan for the Greater Golden Horseshoe, North York is one of Ontario's Designated Urban Growth Centres. This means that any remaining developable lots in North York are extremely valuable. This is what makes Olive Residences so unique.
The lot here is 23,993 square feet and enjoys a frontage along Olive Avenue, which is currently zoned for residential development with the North York Centre Secondary Plan, allowing the floor space index to be four times the area of the lot.
- The high-rise itself offers:
- junior one-bedroom units
- one-bedroom units
- one-bedroom plus den units
- two-bedroom units
- three-bedroom units
- three-bedroom plus den units
- 4 two-storey townhomes on Olive Avenue, each with residential access through a private patio.
Suites will range from 405 to 980 square feet. There will be 9' smooth finish ceilings in select rooms on all floors except the third and penthouse floors, where they will reach 11’ and 10’, respectively. In addition, units will have your choice of wide-plank engineered laminate flooring in select rooms, a custom solid core front door with a security view-hole, modern interior doors with designer-series hardware, and capped ceiling light fixture outlets.
That’s not all. Each suite will have its own water and electricity metering, smart thermostat, and heat recovery ventilation system. An individually controlled, on-demand heating and air conditioning system will also be included.
Cook to your heart’s delight in a contemporary kitchen featuring a premium quartz countertop of your choosing and custom-designed European-style kitchen cabinetry. You will get to pick from a selection of door finishes and soft-close motion drawers. Plus, your beautiful kitchen will wow your guests with a stunning backsplash of premium quartz, glass or porcelain.
Preparing a feast will be a breeze with fully integrated European-style appliances, including a refrigerator, electric cooktop and oven, dishwasher, microwave, and exhaust hood. Kitchens will also come with designer overhead track lighting and an under-mounted single-bowl stainless steel sink with a single-lever faucet.
Elegant bathrooms will be complete with your choice of oversize porcelain tile flooring and wall tiling in the tub or shower area. There will be an integrated solid surface countertop and sink with a vanity mirror featuring integrated LED lighting above. The shower will have a modern glass enclosure and a rain-style showerhead with a contemporary lever-style faucet.
Bathrooms will also have a designer double lever polished chrome bathroom faucet, overhead pot lights, and pot lights above the bathtub or shower.
Residents will be spoiled with a great deal of indoor and outdoor amenity space. The ground floor will feature an opulent lobby where a 24-hour concierge will greet visitors and residents. This floor's private catering kitchen will have all the latest appliances, while the social lounge will be a great place to invite your friends and family.
The collab space and meeting room will make working from home an even more enjoyable experience, providing you with everything you need. Moreover, the at-grade outdoor terrace will have beautiful landscaping and cozy outdoor seating.
The third floor will provide additional amenity space. A second outdoor terrace will have a herb garden, ping pong table, bocce court, and outdoor stretching area. The indoor amenity rooms consist of a virtual sports room, yoga/pilates studio, fitness studio, kid’s room, and chef’s kitchen. This wide variety of amenities caters to all ages and interests. Staying on top of your fitness will be easy with so many activities to choose from. Plus, parents will love that their children will always be entertained. Suites will also have spacious balconies, providing residents with private outdoor space.
This condo project will also include 124 parking spaces in a three-level underground garage and 271 bicycle parking spaces.
Location & Neighbourhood
Olive Residences will be idyllically situated near countless restaurants, retail shops, local parks and schools. This area is also surrounded by many parks, golf courses and walking trails nearby.
For all of your shopping needs, Bayview Village Shopping Centre is a 6-minute drive away. This upscale mall has over 110 luxury shops, brand-name stores and well-known restaurants. Additionally, CF Shops at Don Mills is a quick 17-minute drive from this development. Shops at Don Mills is an outdoor premier shopping experience with everything from retail stores, homeware shops, supermarkets, medical services, restaurants and eateries that also cater to nightlife and entertainment, including Cineplex Cinemas.
The property is also located 2 minutes from the Yonge and Finch transit hub. From here, residents can directly connect to local and regional transportation services provided by the TTC, Go Transit and YRT/VIVA. In addition, Finch subway station runs on the Line 1 Yonge-University corridor taking residents to Union Station in just 30 minutes.
Residents can also access many major roads and highways quickly, with Highway 401 directly south and the 404 directly east.
The benefit of owning in this area is that it is centrally located between Vaughan and Downtown Toronto. So no matter where you're travelling in the GTA, you'll be able to reach your destination quickly.
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Olive Residences Developer
Capital Developments is a Canadian, award-winning real estate developer, active since 2006. The agency has roots in the international community, particularly in Central and Eastern Europe, where they completely redefined the architecture and commercial culture in the region. Their philosophy is to treat their people as their most important resource.
Read more about this developer.