Scarborough Fair II, 2550 Lawrence Ave E: Utilities and Parking in Fee

Scarborough Fair II is the building I show buyers who want one monthly number and no surprises. The 1992 RMIC tower at 2550 Lawrence Avenue East bundles heat, hydro, water, air conditioning and parking into the fee, and its suites run larger than almost anything new in Scarborough. You are buying a 34-year-old building, though, and the reserve fund matters more here than the paint colour. I’m Jatin Dua, RE/MAX Quantum Realty.

The second tower of a matched pair

RMIC built the two Scarborough Fair towers together. The first, at 1470 Midland Avenue, registered in October 1992; this one registered on 2 November, two weeks later. Scarborough Fair II is one storey shorter, at 21 floors, but holds four more suites, 277 in total.

Buyers often treat the pair as one building, and on the street they look like one. On paper they are two corporations, each with its own board, budget, reserve fund and repair schedule. The fee you pay here and the projects this board is planning have nothing to do with the tower next door, so read this corporation’s documents, not a summary of the complex.

That separation can work in your favour. If one tower is mid-way through an expensive window or garage project and the other has already finished it, comparable suites can carry very different risk. Compare the two reserve fund studies side by side if you are open to either.

Bigger plans than the first tower, and a few one-bedrooms

Condos.ca records suites here from about 638 to 1,266 square feet, a slightly larger top end than 1470 Midland. Most of what is for sale today is two-bedroom stock in the 900s of square feet, but there is one-bedroom stock as well, which gives a first-time buyer a lower entry point than the first tower currently offers.

These are early-1990s plans, built for people who intended to live in them. The rooms are squarer than in a new tower, kitchens are usually enclosed, and storage is generous. The trade-off is finishes: suites that have not been renovated will need work, and that cost belongs in your offer, not your second year.

I could not find a published architect or ceiling height for this tower. One listing source names Douglas B. Pollard for 1470 Midland, but I would not assume the same credit here without confirmation.

One of the fullest fee-inclusion lists in Scarborough

Active listings here work out to about $0.90 per square foot in fees, with current monthly fees between roughly $546 and $854. That sits near the top of what I see in Scarborough high-rises, and on paper it looks expensive.

Then read the list. The fee covers common elements, heat, hydro, water, central air conditioning, parking and building insurance. In a typical newer tower you would pay hydro yourself, often heat, and frequently a separate parking charge. Add those back in and the gap narrows sharply; for a larger suite through a cold winter it can close completely.

Two things to understand about all-inclusive buildings. First, every owner’s energy use is pooled, so a household that runs the air conditioning all summer is partly subsidised by one that does not. Second, utility price increases arrive as fee increases. Neither is a reason to walk away, but both are reasons to read the budget line by line.

Parking being included is not the same as every suite having a space. Confirm on the status certificate that the suite you are buying has an owned or exclusive-use spot, and whether a locker comes with it.

Lawrence East: a corridor waiting for its subway

Lawrence Avenue East through Dorset Park is a busy arterial lined with plazas and everyday services, with residential streets behind and employment lands to the north. It is a convenient, unpretentious place to live, and it is where a lot of Scarborough actually shops.

The transit story is the change to watch. The Scarborough RT has been out of service since 2023. Its replacement is a dedicated busway on the old RT corridor between Kennedy Station and Scarborough Town Centre, with a stop at Lawrence East; NOW Toronto reported an opening date of 30 September 2026. The busway is a bridge to the Scarborough Subway Extension, which is expected in the 2030s.

Further south, Line 5 Eglinton opened on 8 February 2026, ending at Kennedy. For distances to the nearest stops, schools and parks from this address, use the data panel on this page.

Pricing: about $507 a square foot

Condos.ca puts the building average at about $507 per square foot, essentially level with its twin at about $500. That is a low figure for Toronto and it reflects two things buyers price in: the age of the building and the size of the fee.

The five suites for sale right now ask $409,900 to $519,900. The range is tight, which tells me the market agrees on what a suite here is worth, and that condition and floor are deciding the small differences.

When you compare this tower with a newer building nearby, compare the total monthly cost rather than the fee alone. Add hydro, heat and a parking charge to the newer building’s fee and set that against the single number here. For a larger suite, the older building often comes out ahead on carrying cost as well as on space.

Asking prices are only half the picture. The 12-month data panel above shows what has actually sold and leased here, and my building sold report will give you the comparables for a specific suite.

Building specifications

Amenities at Scarborough Fair II

A pool, sauna and games room with a concierge on duty is a solid package for a building at this price point, and the games room is a genuine plus for families with teenagers. Expect the pool and its equipment to be a recurring line in the reserve fund study.

Jatin’s honest take on Scarborough Fair II

Scarborough Fair II — 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.