Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Yonge-Doris
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22 Olive Ave, Toronto
Built
2004
Storeys
26
Suites
289
Developer
Pemberton Group
Corporation
TSCC-1602
Walk Score
97
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What is your unit at Princess Place III worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Bikeable
Transit, nearest first
- 39Finch EastTTC busSteps away
- 97YongeTTC busSteps away
- 36Finch WestTTC busSteps away
- 1Finch stationLine 1 Yonge–UniversitySteps away
- GOOld Cummer GORichmond Hill line3.8 km
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–5
Finch Public School
277 Finch Ave E, North York
1.6 km · ~25 min walk
Zoned for this address
MiddleGr 6–8
Cummer Valley Middle School
70 Maxome Ave, North York
1.4 km · ~22 min walk
Zoned for this address
High schoolGr 9–12
Georges Vanier Secondary School
3000 Don Mills Rd, North York
5.1 km
Zoned for this address
Catholic elementary
St Cyril Catholic Elementary School
0.3 km · ~5 min walk
Nearest, confirm zoning
Catholic elementary
St Paschal Baylon Catholic Elementary School
1.9 km
Nearest, confirm zoning
Catholic secondary
Cardinal Carter Academy For The Arts
1.8 km
Nearest, confirm zoning
French-language · MonAvenir (Catholic)
Monseigneur De Charbonnel Catholic Secondary School
1.1 km · ~17 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Princess Place III actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 3 | $410,000 | 34 | $2,200/mo |
| 2 bed | 5 | $560,000 | 7 | $2,700/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Princess Place III
Do mostly owners or renters live here?
Renter-heavy building. Of 99 deals here in the last 24 months, 80 were leases and 19 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Princess Place III?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Princess Place III
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Pizza
Pizza Nova
Steps away
Korean
Nakwon Korean Restaurant
Steps away
Vietnamese
Dear Saigon
Steps away
Restaurant
Cafe N One
Steps away
Chicken
Chicken in the Kitchen
Steps away
Coffee
Space Coffee
0.2 km · ~3 min walk
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Olive Square Park
- Finch Parkette
- 36 Holmes Avenue Park
Nearest grocery
H Mart
Steps away
Prices: TRREB MLS® System aggregate medians for 22 Olive Ave, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
22 Olive Avenue is the tower people mean when they point at Princess Place from Yonge Street. At 26 storeys and 289 suites it is the tallest and largest of the four, it has the biggest suites, and it has the lowest average price per square foot of the group. For a buyer who wants space and a view near Finch at an all-in fee, that combination is worth a close look. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Princess Place III is a 26-storey, 289-suite condominium at 22 Olive Avenue in the Yonge-Doris (Willowdale East) area of North York, Toronto, near Yonge Street and Finch Avenue. Pemberton Group developed the Princess Place community, and this tower was the last of the four to register: the condominium corporation, TSCC-1602, was registered on 13 April 2004. Maintenance fees include heat, hydro, air conditioning, water, building insurance, parking and common elements. Suites run from about 442 to 1,009 sq ft.
Princess Place III at a glance
The last and tallest of four
Pemberton Group built Princess Place as four towers between 16 and 26 storeys, with a group of three-storey townhomes, all set around a courtyard behind a staffed gatehouse. 22 Olive is the 26-storey tower and the last to register, as TSCC-1602 on 13 April 2004, about a year after the first.
Be aware that the name varies. Condos.ca calls this building Princess Place III, while at least one rental listing on REW calls it Princess Place IV. The address and corporation number are what matter on an offer; use those.
Like the other three, this tower is its own corporation with its own board and reserve fund. With 289 suites, it is the largest of the group, which spreads the cost of major repairs over more owners than at 26 or 28 Olive.
If you are also looking at the three-storey Princess Place townhomes, treat them as a different product. You trade the elevator, the view and the single-level layout for stairs, a front door at grade and, often, more room. Ask which corporation a townhome belongs to and what its fee covers, because it may not match the towers.
Bigger suites and a view to go with them
Condos.ca lists suites from about 442 to 1,009 sq ft. That top end is the largest in Princess Place, so this is the tower to check if you need a true two-bedroom, a two-plus-den or a suite with room for a home office.
Height brings views. Dash Property Management describes large balconies across the community looking toward the North York skyline, and from the upper half of a 26-storey tower that view opens up over the lower buildings nearby. A REW listing for a suite here also describes a quiet courtyard below.
Suite condition will vary. A building from 2004 will have a mix of original suites and renovated ones, and listings here show in-suite laundry and air conditioning. Price a dated suite as a renovation project and a finished one as move-in ready; don’t pay the second price for the first.
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.
An all-in fee across 289 suites
Condos.ca lists the fee as including heat, hydro, air conditioning, water, building insurance, parking and common elements. That is close to a complete monthly cost: you add property tax, internet and contents insurance, and little else.
In a tower this size, the utility bill is one of the biggest lines in the budget. Read how it has moved over the past few years and how the board has responded. Steady, modest fee increases usually mean a board that is keeping up; a long freeze followed by a sharp rise usually means it wasn’t.
Condos.ca flags pet restrictions, and the REW listing I reviewed stated no pets for that suite. Read the declaration and rules carefully before you buy if a pet is part of your plan. A REW listing also notes that storage lockers are available in the building; confirm whether a locker is owned with the suite you are buying.
Yonge and Finch, now and in ten years
The REW listing places 22 Olive in the Yonge and Finch area, near the subway and the GO bus station, and the full transit and walkability details are in the data panel on this page. Olive Avenue itself is a side street, so you get the Yonge strip’s shops and restaurants without living on top of them.
The node is growing. Metrolinx’s Yonge North Subway Extension will extend Line 1 nearly 8 km north from Finch Station, with five new stations into Markham and Richmond Hill. Early work at Finch Station was finished in December 2023 and the tunnelling contract was awarded in July 2025, with service planned after the Ontario Line opens.
Private development is following. Capital Developments topped off the 29-storey Olive Residences in 2025. For owners at 22 Olive, new towers may change some views and bring years of construction, so ask the seller what is planned on the lots around your suite’s exposure.
What Princess Place III costs
Condos.ca puts the average at about $676 per square foot, the lowest in the Princess Place group: 20 Olive is about $690, 28 Olive about $732 and 26 Olive about $869. Part of that gap is simple maths. Larger suites usually sell for less per foot, and this tower has more of them.
That makes 22 Olive the place to look if you want the most space for your money inside the gated community. A larger suite here can cost less per square foot than a one-bedroom in a smaller sister tower, with the same gatehouse and amenities. If you are upsizing from a one-bedroom, that is often the cheapest way to add a second bedroom without leaving the community or the all-in fee.
Only one suite was for sale when I checked, so I won’t quote a range. Across the Princess Place towers, current fees work out to roughly $0.90 to $1.05 a square foot, with hydro, heat and parking included. For actual sold figures in aggregate, see my building sold report.
Building specifications
| Building name | Princess Place III (also listed as Princess Place IV in some listings) |
| Address | 22 Olive Ave, North York, Toronto |
| Developer | Pemberton Group |
| Community | Princess Place: four towers (20, 22, 26 and 28 Olive Ave) plus three-storey townhomes |
| Storeys | 26 |
| Total suites | 289 |
| Condo corporation | TSCC-1602 |
| Registered | 13 April 2004 |
| Property management | Crossbridge Condominium Services (per condos.ca) |
| Suite sizes | Approximately 442 to 1,009 sq ft |
| Fees include | Heat, hydro, air conditioning, water, building insurance, parking and common elements |
Amenities at Princess Place III
Residents use the community’s staffed gatehouse, exercise centre, card room and party and recreation rooms, with visitor parking on site. It is a practical package; no source I found mentions a pool.
Jatin’s honest take on Princess Place III
Who this building suits
Couples and small families who want a two-bedroom near Finch with everything but tax and internet in the fee, and buyers who want height and a view in a gated setting. It also suits investors who prefer a larger tenant pool for two-bedroom suites near the subway.
What I’d want you to check
Get the status certificate and the reserve fund study, and read them with a 2004 building in mind: windows, balcony membranes, the garage, elevators and the central heating and cooling plant are all heading into their replacement years. Ask how the shared gatehouse and amenity costs are split between the four corporations. Confirm parking, locker and pet rules for the specific suite, and confirm the current property manager, since condos.ca lists Crossbridge Condominium Services.
The value question
At about $676 per square foot with utilities and parking in the fee, I think 22 Olive is the value pick of the Princess Place group, especially for larger suites. The risk is the same as in any building of this age: future reserve fund spending. If the study and the board minutes look sound, a well-chosen upper-floor suite here is a strong long hold near a subway that is about to get more important.
Free building report: Princess Place III
Send me your email and I’ll put together a current report on Princess Place III — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
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.
Princess Place III — frequently asked questions
Who developed 22 Olive Avenue?
Pemberton Group, as part of the Princess Place community near Yonge and Finch.
Is 22 Olive Avenue Princess Place III or IV?
Condos.ca calls it Princess Place III, while some rental listings call it Princess Place IV. Use the address and corporation number, TSCC-1602.
How tall is the building?
26 storeys, with 289 suites. It is the tallest and largest of the four Princess Place towers.
When was it registered?
TSCC-1602 was registered on 13 April 2004, making it the last of the four towers to register.
How large are the suites?
Roughly 442 to 1,009 sq ft, the widest range in Princess Place.
What do the maintenance fees include?
Heat, hydro, air conditioning, water, building insurance, parking and common elements, according to condos.ca.
What amenities are there?
A 24-hour gatehouse, exercise centre, card room, party and recreation rooms, visitor parking and storage lockers. No pool is reported.
Who manages the building?
Condos.ca lists Crossbridge Condominium Services. Confirm the current manager in the status certificate.
Are pets allowed?
Condos.ca flags a pet restriction. Read the declaration and rules before you buy.
How does it compare with 28 Olive Avenue?
28 Olive is the smallest Princess Place tower, at 16 storeys with suites up to about 785 sq ft. 22 Olive is taller, has larger suites and averages less per square foot.
How much do condos at Princess Place III sell for?
Over the last 12 months the median resale at Princess Place III was $531,250, across 8 sales. The typical unit sold in 26 days at about 97% of the asking price. That works out to roughly $664 per square foot.
How much is rent at Princess Place III?
The median lease at Princess Place III over the last 12 months was $2,200/mo, from 41 leases. Units typically leased in 10 days.
What does each unit type cost at Princess Place III?
Over the last 24 months: One-bedrooms sold for a median $410,000 and rented for $2,200/mo; Two-bedrooms sold for a median $560,000 and rented for $2,700/mo. Each median uses three or more deals.
Are prices at Princess Place III up or down since 2022?
Down about 42%. The median sold price per square foot was $1,145 in 2022 and $664 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Princess Place III offer an investor?
At a median price of $531,250 and a median rent of $2,200 a month, the gross yield is about 5.0%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Princess Place III?
Mostly renters. Of the deals here in the last 24 months, 81% were leases and 19% were sales.
Can you Airbnb a unit at Princess Place III?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Princess Place III had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Princess Place III zoned for?
For TDSB public schools, the address is zoned for Finch Public School (Elementary, JK–5), Cummer Valley Middle School (Middle, Gr 6–8), Georges Vanier Secondary School (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Princess Place III?
The nearest subway is Finch station (Line 1 Yonge–University), 0.1 km away; the nearest GO station is Old Cummer GO on the Richmond Hill line, 3.8 km; the closest bus is the Finch East (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Princess Place III?
Walk Score 97, Transit Score 100 and Bike Score 61. Most daily errands can be done on foot.
What restaurants and shops are near Princess Place III?
Within about a 10-minute walk: Pizza Nova (Pizza), Nakwon Korean Restaurant (Korean), Dear Saigon (Vietnamese), Cafe N One (Restaurant), Chicken in the Kitchen (Chicken). The closest grocery store is H Mart, 0.1 km away.
Which parks are near Princess Place III?
Olive Square Park, Finch Parkette, 36 Holmes Avenue Park are the closest green spaces.
What is my unit at Princess Place III worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Princess Place III lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at Yonge & Eglinton, Davisville and North Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including Yonge & Eglinton, Davisville and North Toronto. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Princess Place III, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More Yonge & Eglinton, Davisville and North Toronto building guides: 10 Tichester Condos · 101 Erskine · 1414 Bayview · 150 Redpath Condos · 155 Redpath Condos · 16 Relmar Road Townhouses
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.