Published 23 August 2026 · Updated 5 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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Park Towers at IQ occupies 15 and 17 Zorra Street at The Queensway: 24 storeys, 458 suites, registered as TSCC-2699 on 1 March 2018, developed by the Remington Group and managed by Remington Facilities Management Corp.
Before anything else, the thing a buyer here most needs to know is not in the building at all. IQ Phase 3, at 35 Zorra Street, was still pre-construction as of the most recent coverage I could find — a proposal for three towers of 18, 25 and 42 storeys and roughly 915 units, with a site plan approval application submitted in August 2024. That is a construction site on your immediate block for years, and then a great deal of new density beside you. It is not a reason to avoid the building. It is a reason to buy with your eyes open, and to weigh which side of the building your suite faces.
Park Towers at IQ at a glance
| Field | Detail | Source |
|---|---|---|
| Address | 15 and 17 Zorra Street, Etobicoke | condos.ca, strata.ca |
| Storeys | 24 | condos.ca, strata.ca |
| Suites | 458 | strata.ca; condos.ca also shows 458, with a stray 520 in one box |
| Registered | 1 March 2018 | condos.ca |
| Condominium corporation | TSCC-2699 | condos.ca |
| Developer | Remington Group | condos.ca |
| Property management | Remington Facilities Management Corp | condos.ca |
| Suite sizes | 400–1,164 sq ft (strata.ca) / 454–1,076 sq ft (condos.ca) | both |
| Neighbourhood | Islington – City Centre West | condos.ca, strata.ca |
On the suite count: I am publishing 458 because both sources carry it. A stray figure of 520 appears in one box on one page. Where a database contradicts itself, the declaration in the status certificate settles it, not me.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
What this building has actually traded for: the last 12 months
Resales and leases recorded on the TRREB MLS® System for 15 & 17 Zorra Street, 5 October 2025 to 5 October 2026.
Over the past 12 months, units here sold for a median of $507,500 after a median 27 days on market, at about 96% of the asking price. Leased units rented for a median of $2,200 a month.
Source: TRREB MLS® System data, compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty, Brokerage. Aggregate figures only; individual sale prices are not published on this page. Medians exclude zero and null values; samples under three are shown as counts only. The information is deemed reliable but not guaranteed. Updated 5 October 2026.
The development next door — the honest version
The IQ community was always planned in phases, and Park Towers is the completed part. Phase 3 at 35 Zorra Street is the part that is still coming: three towers of 18, 25 and 42 storeys, roughly 915 units, by the same developer, with a site plan approval application filed in August 2024 according to UrbanToronto’s reporting.
How I would frame that for a buyer:
| The cost | The upside |
|---|---|
| Years of construction on the adjacent block — noise, dust, hoarding, truck traffic, and periodic road and sidewalk closures on Zorra Street. | Density supports service. More residents on this block is the argument for better transit frequency, more at-grade retail, and a corridor that feels less like a highway edge. |
| Views on the affected exposures will change, potentially completely. A 42-storey tower does not politely stop short of your window. | The Remington-built IQ community becomes a genuine neighbourhood rather than an island of towers, which historically supports values in the completed phases. |
| Resale during the construction period is harder. Buyers see the crane. | Buying during the construction period can mean buying at a discount that later reverses — if you can hold through it. |
Do not take my summary as current. Development applications move. Go to the City of Toronto’s Application Information Centre, search 35 Zorra Street and the surrounding block, and read the current status yourself — it is free and public. Then look at the specific suite you are considering and ask which exposure faces the site. On a block like this, two suites at the same price can have very different futures.
What is in the building
Both databases list: concierge, security guard, gym, indoor pool, sauna, party room, rec room, guest suites, visitor parking, and barbecues permitted. That is a full amenity load and a well-corroborated one — unusually, both sources agree here, which is not always the case.
Worth noting: strata.ca showed a resident rating of 4.0 from four reviews when I read it on 23 August 2026. Four reviews is far too small a sample to mean much statistically, but it is more resident feedback than most buildings in this corridor have, and it is at least a starting point if you want to hear from people who actually live there.
Location: The Queensway at Zorra
The nearest stop is The Queensway at Zorra Street, within minutes on foot — this is the 501 Queensway streetcar corridor. Kipling and Islington subway stations are a connection to the north rather than a walk.
This pocket is defined by convenience over charm: fast Gardiner and 427 access, Sherway Gardens minutes west, big-box retail along The Queensway. If you drive to work in Mississauga or the airport corridor, it is one of the better-positioned condo locations in the city. If you want to walk to a bakery and a bookshop, Mimico or Bloor West Village is a different life.
Market figures — point-in-time, small sample
Read on 23 August 2026 and already going stale. Do not price anything from them.
- Average price per square foot: $773 (strata.ca) or $809 (condos.ca). strata.ca described the building as one of the more expensive in the area.
- strata.ca reported values down 7% over the preceding twelve months. As with any single-building index over a short window and a thin sample, treat it as a question to ask rather than a fact to act on.
When I checked this building on 23 August 2026, the two large public condo databases — condos.ca and strata.ca — disagreed about what the monthly fee covers. That pattern held on most South Etobicoke buildings I checked, which tells me at least one of them is populating the field from individual MLS listings rather than from the corporation’s budget. Under my licence I’m not willing to publish a fee inclusion list I can’t stand behind. The only reliable source is the status certificate, which the corporation must provide within 10 days of a written request and a fee capped at $100 including HST under Ontario’s Condominium Act. Ask for it before you waive conditions, and have your lawyer read it.
The takeaway
Park Towers at IQ is a well-amenitised 2018 building in a convenient, car-friendly pocket of Etobicoke, with two things that need genuine thought: a very large development proposed on the immediate block, and a twelve-month value figure that is soft. Both are manageable if you buy the right exposure at the right price and plan to hold. Neither is something to discover after closing. Check the application status yourself, and ask me for the actual sold comparables rather than an index.
Thinking about this building?
Send me the unit number or the listing link. I’ll tell you what I actually know about the building, what I’d want to see in the status certificate, and whether the price makes sense against what has sold. No pitch, no obligation.
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Building data for 17 Zorra Street
Pulled from City of Toronto open data · Etobicoke-Lakeshore · read 8 October 2026
What is proposed nearby
- Site plan application · 1230 The Queensway · 325 m awayThe proposed redevelopment includes a 13-storey mixed-use building containing 175 purpose-built residential rental units with ground floor retail. The development proposes a total gross…
- Rezoning / Official Plan amendment · 1025 The Queensway · 496 m awayZoning By-law Amendment application to permit a mixed-use development containing a central public park of 4,286.4 square metres, three new public streets, ten residential…
- Plan of subdivision · 1025 The Queensway · 496 m awayJune 5, 2024: Proposed Draft Plan of Subdivision application to create the necessary blocks to support the proposed development.**Note associated Zoning By-law Amendment Application…
See every application near this address, and get alerts
Registered unit counts and plan numbers come from the City’s register of residential condominiums (2002–2018), so buildings registered before 2002 show no plan data here. Permits and development applications come from the City’s open data and are updated automatically. Always confirm details with the status certificate before you buy.
Frequently asked questions
How many units are in Park Towers at IQ?
458 suites across 24 storeys, per strata.ca and condos.ca. One box on condos.ca shows 520, which contradicts the rest of the page — the condominium declaration is the authority if the exact number matters to you.
Is there new construction planned next to Park Towers at IQ?
Yes. IQ Phase 3 at 35 Zorra Street was reported by UrbanToronto in August 2024 as a proposal for three towers of 18, 25 and 42 storeys and roughly 915 units, with a site plan approval application submitted that month. Check the City of Toronto Application Information Centre for the current status before you buy, and consider which way your suite faces.
Who built Park Towers at IQ?
The Remington Group. The corporation, TSCC-2699, was registered on 1 March 2018, and the building is managed by Remington Facilities Management Corp.
Does Park Towers at IQ have a pool?
Yes — an indoor pool, corroborated by both condos.ca and strata.ca, along with a gym, sauna, concierge, security guard, party room, rec room, guest suites and visitor parking.
What is the closest subway to 17 Zorra Street?
Kipling and Islington stations are the nearest, reached by a connecting bus or the 501 Queensway streetcar rather than on foot. The stop at The Queensway and Zorra Street is minutes from the door.
Have values fallen at Park Towers at IQ?
strata.ca reported a 7% decrease over the preceding twelve months when I read it on 23 August 2026, with average price per square foot showing as $773 there and $809 on condos.ca. These are point-in-time aggregator figures on a small sample. For a real answer, ask me for the individual sold comparables in the building.
Sources
- condos.ca — Park Towers Condominiums at IQ, 15 & 17 Zorra St. Building profile: storeys, suite count, registration date, corporation number, developer, property management, amenities and price per square foot. Accessed 23 August 2026.
- strata.ca — 15 Zorra St, Park Towers Condominiums at IQ. Building profile: suite size range, resident rating, twelve-month value change, price per square foot and nearest transit stop. Accessed 23 August 2026.
- UrbanToronto — IQ Condos Phase 3 advances in Etobicoke with tweaked plans (August 2024). Reporting on the 35 Zorra Street proposal: three towers of 18, 25 and 42 storeys, 915 units, and the August 2024 site plan approval application. Accessed 23 August 2026.
- City of Toronto Application Information Centre. Free public search of active development applications by address, for checking the current status of 35 Zorra Street. Accessed 23 August 2026.
- Condominium Act, 1998, S.O. 1998, c. 19 (Ontario). The statute governing status certificates, the 10-day delivery requirement and the prescribed maximum fee. Accessed 23 August 2026.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Related reading
- Living at IQ Condos, 1185 The Queensway
- Living at The Tailor Residences, 1195 The Queensway
- Living at Reina Condos, 689 The Queensway — an honest review
- What a status certificate tells you about an Ontario condo
- Does an Etobicoke investment condo cash flow in 2026?
About the author — Jatin Dua, Etobicoke real estate agent
I’m the Broker of Record at RE/MAX Quantum Realty, 799 The Queensway in Etobicoke, a few minutes from every building on this page. I work with buyers, sellers and investors across Mimico, Humber Bay Shores, New Toronto, Long Branch, Alderwood and the Stonegate–Queensway corridor. I write these building guides the way I’d brief a client at my own kitchen table: what is documented, what isn’t, and where the published numbers disagree with each other.
Questions about a specific suite? [email protected] or 833-330-1925.