Greystone Walk I, 5 Greystone Walk Dr: All-In Fees Near Kennedy Station

Greystone Walk I is the building I suggest when a buyer wants an all-inclusive fee and real transit at a Scarborough price. The fee covers heat, hydro, cooling and parking, there are pools inside and out, and Kennedy Station, now a Line 2 and Line 5 interchange, is in the same neighbourhood. It is a 1990 tower, and that is what you need to plan around. I’m Jatin Dua, RE/MAX Quantum Realty.

The first tower of the Greystone Walk complex

Greystone Walk is a cluster of buildings on Greystone Walk Drive, and this is the first tower, at number 5. Greystone Walk II is next door at 3 Greystone Walk Drive, and there is a separate condominium at 1 Greystone Walk Drive. Each has its own corporation, fees and reserve fund, so be precise about which one you are buying into.

Condos.ca leaves the developer field blank for this tower. A listing in the sister tower at 3 Greystone Walk describes the complex as built by Tridel in 1990. I have not been able to confirm that from Tridel itself, so I treat it as likely but unverified. What is certain is the corporation, MTCC-884, registered in April 1990.

With 353 suites over 22 storeys, this is a big building. That spreads the cost of major repairs across a lot of owners and means there is usually something for sale or for lease, which keeps the resale market here active.

Layouts: a wider range than most 1990 towers

Condos.ca puts suites at roughly 575 to 1,150 sq ft. That range is unusual for a building of this age. Most 1980s and early-1990s Scarborough towers start near 800 sq ft, but here you can find a compact one-bedroom at the bottom of the range alongside two-bedroom and three-bedroom plans at the top.

That mix matters. It gives a first-time buyer a way into an all-inclusive building with two pools, and it gives the building a broader owner and tenant base than an all-family tower. It also explains why the building average per square foot is higher than many of its neighbours: small suites sell for more per square foot.

Listings in the complex describe open plans with separate dining areas, office nooks in some suites and large windows. Expect original kitchens and bathrooms unless a suite has been renovated, and price that into your offer.

Everything in the fee, plus two pools

Condos.ca lists air conditioning, common elements, heat, hydro, building insurance, parking and water as included. That is close to a full utility package. Your other monthly bills are mostly internet and your own contents insurance, which makes this a very predictable building to budget for.

The trade-off is that the corporation carries the energy risk, and the fee will rise when utility costs do. Ask for the last few years of budgets to see how those lines have moved, and ask whether the board has looked at sub-metering hydro, which would change what you pay and to whom.

Condos.ca lists an indoor pool, an outdoor pool, a sauna, a gym, a security guard and a security system, with an underground parking garage. Listings in the sister tower also mention a tennis court, a rooftop deck and party, meeting and games rooms; confirm which of those belong to this corporation and which are shared. Condos.ca also flags pet restrictions, so read the rules before you bring a pet.

Kennedy Park, and the transit hub next door

The complex sits in Kennedy Park, south-east of Kennedy Road and Eglinton Avenue. Listings in the complex describe a shopping plaza at the doorstep and parks and schools nearby. The automatic data on this page shows the nearest stops, schools and Walk Score.

The transit story has changed a lot in the past few years. Line 3, the Scarborough RT, closed in 2023. Then Line 5 Eglinton opened in February 2026 after about 15 years of construction, with its eastern terminus at Kennedy Station, where it meets Line 2 Bloor-Danforth. For owners here, that means a choice of subway or light rail from the same station, and Scarborough GO is also close.

That makes Greystone Walk one of the better-connected established condo towers in Scarborough. The flip side is that the Kennedy and Eglinton area will keep attracting new development, so expect construction and more competing supply around the station over the next several years.

What Greystone Walk I costs

Condos.ca puts the building average at about $559 per square foot. That is higher than many 1980s Scarborough towers, which tend to sit in the high $300s to mid $400s, and the reasons are the smaller suites at the bottom of the range and the transit at Kennedy.

When I checked, there was one suite for sale and none for lease. With only one active sale, I am not quoting its price or fee on this page.

Thin listing counts come and go. In a 353-suite building, one listing at a time usually means owners are staying put rather than a lack of interest. If you are buying, set an alert and be ready to view quickly; if you are selling, the lack of direct competition in the building can work in your favour, as long as you price against recent sales rather than hope.

Remember to compare total monthly cost, not the fee alone. With heat, hydro, cooling, water and parking included, a fee here can work out cheaper than a lower fee in a newer building once you add back utilities and a parking charge. For sold comparables in this tower, I can pull them through my building sold report.

Building specifications

Amenities at Greystone Walk I

Two pools, a sauna, a gym and a staffed desk give owners most of what a club membership would. Two pools are also two reserve fund items in a 1990 building, so check how well they are funded.

Jatin’s honest take on Greystone Walk I

Greystone Walk I — frequently asked questions

Looking at Agincourt, L’Amoreaux, Milliken, Dorset Park and Wexford in Scarborough more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.