4745 Jane Street Condos: 1972 Tower With a Pool and Heat in the Fee

There are very few places left in Toronto where a two-bedroom condo is listed for under $270,000. This is one of them. The low price comes with a 1972 building, a fee above a dollar a square foot and a set of documents you must read before you sign anything. I’m Jatin Dua, RE/MAX Quantum Realty.

A 1972 corporation at the low end of the market

YCC-82 was registered in May 1972, in the first wave of Toronto condominiums, when developers were building large towers for families moving out of rented apartments. With 320 suites over 11 storeys, this is a substantial corporation, and the civic addresses run from 4645 to 4771 Jane Street, so ask exactly which building or entrance a suite belongs to when you book a viewing.

Its defining feature today is price. Active listings sit at levels that most of the city left behind years ago. That attracts first-time buyers and investors, and it is why the building’s paperwork matters more than its finishes: in an older building at this price point, the real risk is not the suite but the corporation’s finances.

Size works in your favour here. With 320 owners sharing the cost, an elevator modernization or a window program is divided far more thinly than in a small building. The flip side is a large, busy board and a budget with many moving parts, so read the minutes for how decisions are made and how quickly problems get fixed.

Suites: real two-bedrooms, older bones

Current listings are a mix of one-bedroom suites in the 600 to 699 square foot band and two-bedroom suites from about 700 to 899 square feet. Those sizes are typical of 1970s towers, where a two-bedroom plan usually has a proper dining area, a separate kitchen and more closet space than a newer suite of similar size.

Condition varies widely in a building this age. Some suites will have been fully renovated, others will still have original kitchens, bathrooms, windows and electrical panels. Price the renovation into your offer, and ask the corporation what it requires for flooring, plumbing and electrical work. Concrete towers usually require an approved acoustic underlay under hard flooring.

Ask whether in-suite laundry is permitted. Many buildings from this era were designed with shared laundry rooms, and adding a washer and dryer later can need approval, a dedicated circuit and a drain.

Why the fee is above a dollar a square foot

Fees on the active listings range from about $717 to $809 a month, which works out to roughly $1.08 per square foot. That is high compared with a new condo, but the inclusions explain much of it. The fee covers common elements, heat, building insurance, parking and water, and the building runs an indoor pool, a gym and a recreation room.

Heat in the fee is common in buildings of this era, which were designed around a central heating plant. It gives you a predictable winter budget, but it also means you share the building’s total energy cost. When gas prices rise, so does the fee. Ask for the last five years of fee increases and what drove each one.

There is a harder question too. Some of the fee goes into the reserve fund, and in a 50-year-old building the reserve is paying for things like elevators, windows, balcony repairs, the garage and the roof. A high fee that is building a healthy reserve is very different from a high fee that is barely covering costs. Only the reserve fund study and the audited financial statements will tell you which you are looking at.

Black Creek and the Jane corridor

The building is on Jane Street north of Finch, in the neighbourhood the City calls Black Creek, named after the creek and its ravine that run through this part of North York. York University and Black Creek Pioneer Village are to the east, and the area is a mix of 1960s and 1970s towers, townhouse complexes and newer infill.

Transit has improved. Line 6 Finch West opened on 7 December 2025 with a Jane and Finch stop, connecting west to Humber College and east to Finch West station on Line 1, and the 35 Jane bus runs along the building’s frontage. The panel on this page shows walking times to the subway and LRT, so use those figures rather than estimates.

Day to day, this is a practical location rather than a polished one. Groceries and services are along Jane and Finch, and drivers have Highway 400 close by. Buyers who work at York University or in the Vaughan employment areas to the north often value the location more than downtown commuters do.

Pricing: the cheapest entry point, with conditions

Eight of the ten suites for sale when I prepared this review were asking from about $179,000 to $269,000, with fees of roughly $717 to $809 a month. For one- and two-bedroom suites in Toronto, those are among the lowest asking prices in the city.

Cheap to buy does not mean cheap to own. On a $200,000 suite, a fee near $800 a month can be as large as the mortgage payment, so judge the price against the full monthly cost. The fair comparison is with a newer condo plus its own heat, water and parking costs.

Older buildings at this price point can also be harder to finance and to resell, because some lenders look closely at the corporation’s reserve fund and the building’s condition. Check the sold data in the panel on this page, and talk to your lender before you make an offer.

Building specifications

Amenities at 4745 Jane Street Condos

An indoor pool and gym at this price point is unusual, and it means you can skip a club membership. Pools are also expensive to run and repair, so look at the recreation line in the budget and the pool items in the reserve fund study.

Jatin’s honest take on 4745 Jane Street Condos

4745 Jane Street Condos — frequently asked questions

Looking at Downsview, Weston, York University Heights, Rexdale and northwest Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.