7 On The Park, 1461 Lawrence Ave W: A Family-Sized Tower by Amesbury Park

Most new towers in this price band are built around one-bedrooms. 7 On The Park went the other way: when iKORE revised the design in 2017, it cut the one-bedroom count roughly in half and added three-bedroom suites, which is why you can buy a genuine three-bedroom here for less than a one-bedroom costs downtown. The trade-off is that the suites are compact for their bedroom count, and you need to know exactly what you are getting. I’m Jatin Dua, RE/MAX Quantum Realty.

A tower-in-the-park infill, and what the name means

The name is literal. The tower sits on an infill site beside Amesbury Park, in a pocket of Lawrence Avenue West that already had two older 20-storey rental towers to the south, mid-rise buildings at the Keele and Lawrence corner and low-rise houses on three sides. UrbanToronto described it as a tower-in-the-park project, and that is a fair way to think about it: a slim building added to an established residential block rather than a new neighbourhood.

The site had a long approval history. A rental proposal was filed for it in 2011, a 19-storey condo was approved through zoning, and the version that was built went to site plan approval in 2017 at 21 storeys, about 67 metres tall. That history is now behind the building, and it matters to an owner only in one way: the tower you see is the final, larger version, with more suites than the original zoning allowed.

Richmond Architects worked a stylized number 7 into the facade. The tower is clad in vision glass and back-painted spandrel glass, with emerald green glass balcony guards, white precast accent strips and a woodgrain pattern rising from the entrance. It is more expressive than most buildings on this stretch of Lawrence, and you will recognise it from a distance.

Three-bedroom suites in a 2022 tower

The 2017 design called for 56 one-bedrooms, 121 two-bedrooms and 39 suites with three or more bedrooms, against an earlier approved plan with no three-bedrooms at all. That mix is unusual for a new tower. More than half the building is two-bedroom, and nearly one suite in five has three bedrooms.

The catch is size. The same plans put suites at roughly 516 to 893 square feet, so a three-bedroom here is around 800 to 900 square feet. That is a lot of bedrooms in not much space. Expect smaller secondary bedrooms, and check whether a third bedroom has a window and a closet, or whether it is closer to a den with a door.

For a family that values separate rooms over a large living area, these layouts can work very well. For a couple who wants space to entertain, a large two-bedroom in an older building nearby may give you more usable room for similar money. Always ask for the exact floor plan and measure the furniture you plan to bring.

Resale supply reflects the mix. At the time of writing, most suites listed for sale were two- and three-bedroom plans, which gives buyers real comparables to judge one stack against another on floor, view and exposure.

Parking, amenities and no retail

The 2017 plans provided 256 underground parking spaces, 211 for residents and 45 for visitors, plus 219 bicycle spaces. With 216 suites, that is close to one resident space per suite, though not every suite was sold with one. Whether a specific unit comes with parking or a locker is something to confirm on the listing and in the status certificate.

There is no retail in the building. The ground floor was planned for residents only, with a gym, lounge, entertaining kitchen and dining room, TV room and games room. Day-to-day shopping means the plazas around Keele and Lawrence rather than anything inside the tower.

That suits people who prefer a quieter lobby. It also means you are buying into a residential street, not a mixed-use hub, and the panel on this page shows what is actually within walking distance.

A young corporation: what to look at

TSCC-2940 was registered in late 2022, so the corporation is only a few years into its life. New buildings tend to have low-ish fees at first, a reserve fund that is still being built up, and a list of construction deficiencies being worked through with the builder and Tarion.

None of that is a red flag on its own. It does mean the status certificate, the first reserve fund study and recent board minutes matter more here than they would in an older building with a long track record. Look for how deficiency claims are progressing, and whether the reserve fund plan expects fee increases in the next few years.

What it costs, and how the fee compares

Across recent data the building averages about $727 per square foot. Seven suites were listed for sale at the time of writing, asking between $398,000 and $715,000. Because the suites are compact, price per square foot reads high next to older towers on Lawrence, while the price per bedroom is among the lowest you will find in a building this new.

Fees across active listings run about $0.89 per square foot, ranging from roughly $380 to $820 a month. That is high for a 2022 building, and it covers less than you might hope: common elements, building insurance and water. Heat, hydro and parking are not on the published inclusion list, so add those to your monthly budget when you compare it against an older all-inclusive building nearby.

My view: compare on total monthly cost, not on the fee alone. If you want three bedrooms in a new building at this price point, the options in northwest Toronto are thin, and that scarcity supports value here.

Building specifications

Amenities at 7 On The Park Condos

The amenity package is practical rather than resort-style: a gym, party and dining space and a couple of lounges on the ground floor, with concierge. There is no pool, which keeps long-term operating costs lower, and Beanfield Fibre is available for anyone working from home.

Jatin’s honest take on 7 On The Park Condos

7 On The Park 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.