Princess Place, 20 Olive Ave: Yonge-Finch One-Bedrooms With an All-In Fee

20 Olive Avenue is the Princess Place tower where you are most likely to find a one-bedroom for sale. Three were listed when I checked, all in a fairly tight band, and all with a fee that covers hydro, heat and parking. If you want a first condo near the Finch transit hub and don’t want to wait for a listing, start here. I’m Jatin Dua, RE/MAX Quantum Realty.

The third tower in a gated four

Princess Place is a Pemberton Group community of four high-rises, from 16 to 26 storeys, and a set of three-storey townhomes, grouped around a courtyard behind a staffed gatehouse. 20 Olive is the 19-storey tower, and it registered third, as TSCC-1540 on 4 September 2003.

Its sisters are 26 Olive (TSCC-1506), 28 Olive (TSCC-1515) and 22 Olive (TSCC-1602). Each one is a separate corporation with its own fees, reserve fund and board, while residents share the gatehouse and amenities.

Listings sometimes refer to this tower simply as Princess Place, without a number, so search by address. On an offer, the corporation number is what identifies the building.

Mostly one-bedrooms, with a few larger plans

Condos.ca lists suites from about 420 to 950 sq ft. That range runs from small one-bedrooms through one-plus-dens to two-bedrooms, but the listings I saw were all one-bedrooms between roughly 500 and 700 sq ft, which tells you where most of the stock sits.

Dash Property Management describes large balconies across the community facing the North York skyline. At 19 storeys, this tower is mid-height for the group, so upper suites get open views while lower suites may look at a sister tower. Ask about the exposure before you book a showing.

In a building from 2003, condition varies widely from suite to suite. Original kitchens and bathrooms are still common, and they should be priced as such. A renovated suite is worth more, but only if the work was done properly, so ask for permits or receipts where it matters.

What an all-inclusive fee really means

According to condos.ca, the fee here covers heat, hydro, air conditioning, water, building insurance, parking and common elements. For an owner, that is a simple, predictable cost. For a landlord, it means a tenant pays one rent with nothing to set up, which Dash Property Management’s rental page for Princess Place also notes.

The fee per square foot is higher than in a newer building where you pay your own hydro, and that is expected. The question is whether the gap is fair. Add your own hydro and heating bills, plus a parking charge if the newer building has one, before you decide which is cheaper.

The risk sits with the corporation. If energy costs rise, the budget absorbs them and fees follow. Read the last few budgets and the board minutes to see how the corporation has handled that, and whether sub-metering has ever been discussed.

If you are buying to rent it out

Many one-bedrooms in this part of North York are bought as rentals, and the structure here helps. A tenant who sees utilities and parking included is comparing your suite with newer buildings where they would pay hydro on top, so your rent can be competitive without being the lowest.

The other side is cost control. Your fee will move with the corporation’s energy bill and its reserve fund plan, and you cannot pass those increases to a tenant mid-lease. Build a cushion into your numbers for fee increases over the next five years, and read the reserve fund study to see what is planned.

Check the rules too. Read the declaration for any leasing restrictions or minimum terms, and the automatic data panel on this page for the city’s short-term rental context.

A side street near a changing transit hub

Olive Avenue runs just east of Yonge, so you get a quieter street with the shops and restaurants of Yonge a short walk away. The data panel on this page shows the transit, schools and walkability.

The area around Finch is changing quickly. Metrolinx’s Yonge North Subway Extension will carry Line 1 nearly 8 km north from Finch Station, with five new stations into Markham and Richmond Hill. Upgrades at Finch Station were completed in December 2023, the tunnelling contract was awarded in July 2025 and service will begin after the Ontario Line opens.

New towers are going up as well, including Capital Developments’ 29-storey Olive Residences, which topped off in 2025. That brings more people, more retail and, for some time, more construction. Over a long hold, I would expect the extra activity to support demand for well-run older buildings close to the node.

What 20 Olive Avenue costs

Condos.ca puts the building average at about $690 per square foot. That is close to 22 Olive at about $676, and below 28 Olive at about $732 and 26 Olive at about $869. In other words, this tower prices in line with the larger end of the group, not the premium end.

When I checked, three one-bedrooms were listed, asking between $398,000 and $445,000. Their fees ran from about $550 to $610 a month, roughly $1.00 a square foot, with hydro, heat, air conditioning, water and parking included.

Asking is not selling. In a four-tower community with similar suites, buyers can compare easily, and the suites that sell quickly tend to be the ones with a better floor, a better view or a renovation. For what has actually traded, in aggregate, see my building sold report.

Building specifications

Amenities at Princess Place

You share the community’s staffed gatehouse, fitness centre, card room and recreation and party rooms. It is a functional set rather than a long list, and nothing I found mentions a pool, so don’t buy here expecting one.

Jatin’s honest take on Princess Place

Princess Place — frequently asked questions

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.