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Get My Free Estimate →Three different buildings are called IQ, and the confusion is now embedded in data feeds across the internet. If you are being shown “IQ”, establish which one — Phase 1 and 2 are built, Phase 3 is not.
This is the single most confused set of buildings on The Queensway, and the confusion is now embedded in data feeds across the internet. If you are being shown “IQ,” you need to know which one.
Three different things called IQ
| Phase 1 & 2 (built) | Phase 3 (not built) | |
|---|---|---|
| IQ Condos | 1185 The Queensway, 12 storeys, completed | — |
| Park Towers at IQ | 15 and 17 Zorra Street, 24 storeys, 458 suites, completed 2018 | — |
| IQ Phase 3 | — | Three towers of roughly 18, 25 and 42 storeys, 915 units proposed. Not launched, no pricing, no occupancy date. |
The error you will encounter
Dozens of listing pages advertise IQ Phase 3 as “24 storeys, 458 units.” Those are not Phase 3’s numbers. 24 storeys and 458 suites are the specifications of Park Towers at IQ — Phase 2 — which was completed in 2018 and has been trading as resale for years.
Somewhere in the syndication chain Phase 2’s specs were attached to the Phase 3 record, and every aggregator pulling from that feed has repeated it since. The actual Phase 3 planning resubmission, filed August 2024, is for three towers totalling 915 units.
The address is wrong on most sites too: the planning file says 35 Zorra Street. And note that 36 Zorra Street is an entirely different building by a different developer.
What this means practically
- Buying resale at IQ or Park Towers? These are finished buildings with real status certificates and real sold comparables. Make sure your comparables come from the right one — 1185 The Queensway and 15/17 Zorra Street are different corporations with different fees.
- Being sold “IQ3”? There is no price list, no floor plans and no occupancy date. Anyone showing you one is showing you something that does not exist. It is a registration list, not a purchase decision.
The one genuinely good thing about Phase 3
Remington has already delivered two phases on this exact site. You can walk through Phase 1 and Phase 2 and see the finished product before committing to Phase 3. That is far better due diligence than any rendering, and very few Etobicoke launches offer it.
Related reading
- IQ Condos, 1185 The Queensway — the building guide
- Park Towers at IQ, Zorra Street — the building guide
- IQ Condos Phase 3 — what the planning record actually says
- Every condo building on The Queensway
Building specifications from the City of Toronto planning record, condominium registrations and developers’ published material — believed accurate but not guaranteed. Verify everything against the status certificate and disclosure statement before you sign. Not intended to solicit buyers or sellers under contract with another brokerage. E.&O.E.
Thinking about buying on The Queensway?
Tell me which building or stretch of the corridor you are looking at and I will send the actual sold and lease comparables from TRREB, an honest read on the location, and what the status certificate is likely to show. No obligation, and I will tell you if the answer is don’t buy it.
Or call Jatin Dua, Broker of Record, RE/MAX Quantum Realty · 437-987-1925