Princess Place I, 26 Olive Ave: First Tower of a Gated Finch Enclave

Princess Place I at 26 Olive Avenue is the tower that started a small gated community just south of Finch. It is 18 storeys, compact, and quiet on the market: when I checked, nothing was for sale. If you want a one-bedroom near the Finch transit hub where the fee covers hydro, heat and parking, it belongs on your list, as long as you are patient. I’m Jatin Dua, RE/MAX Quantum Realty.

One of four towers behind a gatehouse

Princess Place is not a single building. Pemberton Group built four high-rises here, from 16 to 26 storeys, along with a row of three-storey townhomes, arranged around a courtyard with a staffed gatehouse at the entrance. Dash Property Management describes 24-hour concierge and security at that gatehouse, which is the feature people remember after a showing.

26 Olive was the first to register, as TSCC-1506 on 24 March 2003. 28 Olive followed a month later, 20 Olive in September 2003 and 22 Olive in April 2004. Each tower is its own condominium corporation with its own budget, reserve fund and board.

That matters more than it sounds. You buy into one corporation’s finances but share a site, a driveway and some facilities with three others. Ask how the gatehouse, the fitness centre and the recreation rooms are shared and paid for, and read whatever agreement governs that in the status certificate.

Compact suites, and few of them for sale

This is one of the smaller towers in the group: 184 suites over 18 storeys. Condos.ca puts suite sizes at roughly 506 to 862 sq ft, so you are looking at one-bedrooms, one-plus-dens and modest two-bedrooms rather than family-sized plans. Dash notes large balconies looking toward the North York skyline.

There were no active listings when I checked. That is not unusual in a building this size with long-term owners, but it changes how you buy. You may wait months for the right layout, and you will have fewer recent sales to compare against.

Because the four towers were built at the same time by the same developer, sales at 20, 22 and 28 Olive are reasonable comparables for this one. Just adjust for floor, exposure, size and whether the suite has been renovated.

A fee that covers almost everything

According to condos.ca, the fee here includes heat, hydro, air conditioning, water, building insurance, parking and common elements. For a buyer, that means one predictable monthly cost and no separate hydro bill, which is rare in towers built after about 2010.

The trade-off is that the corporation, not you, carries the energy bill. When utility costs rise, the whole building feels it through the budget, and careful owners subsidise heavy users. Look at the utility lines in the budget, see how they have moved over the past few years, and ask whether the board has looked at sub-metering, which is a common debate in all-inclusive buildings of this age.

For investors, the structure is an easy sell to tenants. Dash Property Management’s rental page for Princess Place notes that utilities are included in rent, so a tenant sees one number with no hydro account to open. That tends to widen your tenant pool, but it also means you cannot pass a rise in energy costs on directly; it reaches you through the fee.

Also confirm what “parking included” means for the specific suite. Not every suite in an older building comes with a space, and the fee covers the space you own or are assigned, not one you may need to rent.

South of Finch, with a subway project next door

Olive Avenue runs just behind the Yonge strip, so the street itself is quieter than the address suggests. Shops, restaurants and services along Yonge are a short walk away, and the transit details are in the data panel on this page.

The bigger story is change. Metrolinx’s Yonge North Subway Extension will push Line 1 roughly 8 km north from Finch Station into Markham and Richmond Hill. Early upgrades at Finch Station were completed in December 2023, the tunnelling contract was awarded in July 2025, and Metrolinx says service will start after the Ontario Line opens.

New towers are filling in around the transit node too. Capital Developments topped off the 29-storey Olive Residences in 2025. Expect more construction, more neighbours and more retail over the next decade, which supports long-term demand but also means some noise and traffic along the way.

What Princess Place I costs

Condos.ca reports a building average of about $869 per square foot, noticeably higher than its sister towers at 22 Olive (about $676), 20 Olive (about $690) and 28 Olive (about $732). I would read that as a small-sample figure rather than a real premium. With so few trades, a handful of renovated or well-placed suites can pull the average up.

With nothing listed, I can’t give you an active asking range. Across the other Princess Place towers, current one-bedroom fees work out to roughly $0.90 to $1.00 a square foot, and they include hydro, heat and parking. When you compare that with a newer building near Finch at a lower fee per foot, add back the hydro bill, the heating and any parking charge before you decide which is cheaper.

If you own here or are watching the building, my building sold report shows what has actually traded, in aggregate.

Building specifications

Amenities at Princess Place I

The amenity list is practical rather than resort-like: a staffed gatehouse, a fitness centre, a card room and recreation and party rooms. No source I found mentions a pool, so if that matters to you, look at other buildings near Finch.

Jatin’s honest take on Princess Place I

Princess Place I — 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.