29-Storey Building Lending (Even More) Life to Uptown Toronto

It's no surprise that when you go uptown on Toronto's Yonge Street, you'll see several construction projects that are fast altering the city's northern end.

Olive Residences is ready to deliver a high-end, value-packed option to the area's growing popularity.

The estimated completion date of Olive Residences, located at 36 Olive Avenue just west of the junction of Yonge Street and Finch Avenue East, is 2026.

With the recent beginning of sales, however, fresh representations from developer Capital Developments have potential residents and investors thrilled.

The sleek, opulent tower will add 350 condominium homes to the desirable Willowdale community. They span from one to three bedrooms and feature floor plans that fit various family sizes and lifestyles.

Modern residences with floor-to-ceiling windows and enough balcony space — both necessities for city life — are illustrated in architectural renderings of the units. The custom-designed kitchens include Kohler fixtures, quality worktops, and built-in appliances.

The bathrooms appear to be where any Torontonian would be happy to get dressed or relax. It features clean and simple designs, backlit mirrors, bespoke vanities, and chrome accents.

Tenants may also enjoy various opulent facilities. So this includes a stunning patio complete with a sitting space, a double fireplace, and a variety of plants (including a common herb garden). A grill and outdoor pizza oven will be available for those who want their parties to revolve around food.

On the ground floor, tenants can discover everything from conference rooms and creative spaces to a social area and a private catering kitchen. Similarly to the suites, the Olive Residences' amenity areas are warm and inviting while still stylish, premium, and contemporary.

Olive Residences is not Capital Developments' first project in the Yonge and Finch neighbourhood. The new building continues the achievement of the developer's 32-story condo property Azura. The property was just south of the Finch subway station. Moreover, it swiftly sold out during pre-construction. The demand for residences in the Yonge and Finch region is undeniably high. The reason is clear.

First and foremost, the neighbourhood's transit accessibility is excellent. Olive Residences is a five-minute commute from the Finch metro station. Also, the Bloor-Yonge is 23 minutes via subway, and Union Station is 30 minutes by transit. Within a few-block radius of the planned high-rise, you'll discover everything necessary for a connected lifestyle. This includes dozens of restaurants, schools, beautiful park space, a Cineplex, and all the retail basics you could want, along with an LCBO, Longo's, Shoppers, Whole Foods, and PetSmart.

In Toronto, finding condo complexes with inexpensive, builder-grade finishes is straightforward. Yet, Capital Developments has proved dedicated to providing the region with high-quality structures. Again, we may look at Azura as proof, where the developer sought to enhance the standard of the building's finishes after it had already been sold out. It improved Wi-Fi access and additional work-from-home spaces to facilitate virtual and remote work. Further, the team installed gorgeous glass in the lobby and genuine hardwood in the amenity areas.

Not only do future residents get something to look toward at Olive Residences, but the development also presents an excellent investment opportunity. Historically, the GTA housing industry has had some volatility. But the condo sector has emerged largely strong. Condo flats were the only dwelling category to post a year-over-year increase in December, as the Toronto Regional Real Estate Board (TRREB) reported – a representation of the GTA's market fundamentals: persistent demand that confronts supply and values that rise despite uncertainty.

With the expansion of TTC service north from Finch to Vaughan, Markham, and Richmond Hill and the upcoming Yonge North Subway Extension, this area has grown more desirable for end-user purchasers and renters. Investors have good reason to be confident in their Return in this zip code. It's because of the area's increasing popularity, and the way rents are now compounding.

Getting in on the ground floor of a spectacular condo building is one thing. Yet, staking your claim on an entire developing section of the city is an entirely different proposition. Olive Residences offers the chance to do both.

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