Olive Residences, 36 Olive Ave: Capital’s New Tower at Yonge and Finch

Olive Residences is the newest tower at Yonge and Finch, and the one I would look at first if you want brand new near the end of Line 1. Capital Developments built it on Olive Avenue, a block off Yonge, with a large amenity program and a handful of townhouses at the base. The suites start very small, though, and the per-foot price is high for this part of North York. I’m Jatin Dua, RE/MAX Quantum Realty.

A tower with townhouses at its feet

The building is a grey brick podium with a white metal-panel tower above it, wrapped in continuous balconies that run almost to the top. The lobby is double-height with floor-to-ceiling glass wrapping a corner, entered from Olive Avenue rather than from Finch, which keeps the front door on the quieter street.

At the base are a few two-storey townhouse suites with their own entrances from Olive Avenue and small front patios. UrbanToronto described four of them at the approval stage, with three bedrooms; RENX later reported that some could be converted to four bedrooms. For a family that wants a condo with a front door, these are the rarest suites in the building.

The project grew during approvals and design. It was approved at 29 storeys and 350 units, and it was built at 31 storeys with roughly 378 suites. That is normal, but it means early marketing material does not match the finished building, so rely on the declaration and the status certificate.

Construction was quick. RENX reports that sales launched in January 2023, ground was broken about two months later, and the tower topped off roughly two years after that, with three and a half levels below grade. Registration followed in December 2025. A fast build is not a problem in itself, but it is one more reason to read the deficiency list and the performance audit when it is done.

11,000 square feet of amenities

Capital put a lot into shared space: more than 11,000 square feet indoors and out. The outdoor terrace has a herb garden, a lounge, a double fireplace, barbecues and an outdoor pizza oven. Inside there is a fitness studio and yoga studio, a virtual-reality sports room, bocce courts, a children’s activity room, meeting rooms, a social lounge and a private catering kitchen, plus a 24-hour concierge.

That is a strong package for a building of this size, and it suits people who actually use shared space: remote workers, families with young kids and people who entertain. It also means more to maintain and eventually replace. That cost is in your fee, so when you compare fees with older Yonge and Finch towers, compare what you get as well.

Layouts: from micro-studios to three-bedrooms

Condos.ca lists suites from about 278 to 1,430 square feet. The bottom of that range is a true micro-studio, built for investors, and it will always be the hardest suite to resell to an end user. At the top are three-bedroom plans and the townhouses.

Capital’s launch material promised floor-to-ceiling windows, generous balconies, custom kitchens with integrated appliances and Kohler fixtures, and bathrooms with backlit mirrors. Check those against the suite you are buying.

If you are an end user, I would focus on two-bedroom and three-bedroom plans on upper floors. They have a deeper pool of buyers, and the higher floors get the most from the open views over the surrounding low-rise streets.

Parking deserves its own question. Near a subway terminus, many buyers go without a car, and plenty of suites in new towers are sold without a space. Ask whether a space and a locker come with the suite, and if not, what the corporation’s rules are for renting one from another owner.

Living at Yonge and Finch

Yonge and Finch is a transit hub, with Finch station at the north end of Line 1 a few minutes’ walk away; the data panel on this page has the details. The planned Yonge North Subway Extension would push the line further north over time.

Within a few blocks you have the Yonge Street strip of restaurants, a Cineplex, and everyday retail including an LCBO, Longo’s, Whole Foods, Shoppers and PetSmart. The neighbouring towers include Chicago Residences next door on Finch and Capital’s own Azura, completed in 2022.

The surrounding blocks keep adding new towers. That brings more services, but also more new suites competing with yours at resale. Suites facing Finch will hear more traffic; Olive Avenue is quieter.

Capital Developments is a busy midtown and downtown builder. Its completed buildings include Azura, 155 and 150 Redpath, E2 and 11YV, and it has several large towers under way. That track record gives you finished buildings to walk through and older corporations to ask about, which is useful due diligence before you buy here.

What Olive Residences costs

Condos.ca puts the building average at about $1,367 per square foot. That is a new-build figure and it is high for Yonge and Finch, where older towers like Chicago Residences trade at well under half that per foot. Part of the gap is age and finish, and part of it is that small suites carry a higher price per foot.

When I checked, three suites were listed for sale, asking from about $400,000 to about $1,095,000. Fees on those listings averaged roughly $1.01 per square foot. That is on the high side for a new building and reflects the amenity load; confirm what the fee includes, because condos.ca does not list it.

Four suites were listed for rent, which is typical in the first year after registration as investors close. As more of them list, expect resale pricing to settle, which could open better entry points over the next year.

Building specifications

Amenities at Olive Residences

This is one of the more complete amenity packages at Yonge and Finch, with something for kids, remote workers and people who host. You will pay for it in the fee, so it makes most sense if you will use it.

Jatin’s honest take on Olive Residences

Olive Residences — frequently asked questions

Looking at Yonge & Eglinton, Davisville and North Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.