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38 Olive Ave, North York, ON M2N 4P9
Olive Residences, a modern condo project, will form part of a high-end region of the City of North York.
The contemporary high-rise condominium by Capital Developments in North York will be a 29-storey pre-construction venture with 350 units. The building will be found moments from the main intersection of Finch Ave E. and Yonge St. amongst vibrant restaurants, retail shops, local parks, and revered schools.
The brand-new development will include studios and one to three bedrooms in an area peppered with multistoried high-rises.
In keeping with projections made by the Growth Plan for the Greater Golden Horseshoe, North York is one of Ontario’s Designated Urban Growth Centres. This implies that any prevailing developable lots in North York are especially valuable, adding to the uniqueness of Olive Residences.
In orientation, the 23,993 square foot lot is front facing to Olive Avenue, which is currently zoned for residential development with the North York Centre Secondary Plan, allowing the floor space index to be four times the area of the lot.
Besides the studio and one to three-bedroom units, the high-rise will include 4 two-storey townhomes on Olive Avenue, each with residential access through a private patio.
The development will include 124 parking spaces in a three-level underground garage that will also house 271 bicycle parking spaces.
Although Capital Developments are yet to release information on the project’s features, finishes, and amenity portfolio, investors can expect deluxe suite features based on previous projects by the development group. These expectations could translate into 10′ high-smooth-finished ceilings in select rooms, engineered laminate flooring with acoustic underlay, glass showers, integrated appliances, top-end countertops, and custom-designed modern kitchen cabinetry and bathroom vanities.
Amenity spaces could comprise a children’s imagination space, party room, golf simulator, yoga studio, gym, dog wash station, outdoor terrace, barbecue station, outdoor bar, outdoor fire pit, and outdoor dining area.
Olive Residences will be perfectly located just steps away from countless restaurants, retail shops, local parks, and schools. This area is also home to numerous green parks, golf courses, and wonderful walking trails.
Bayview Village Shopping Centre is just a 6-minute drive from the building, making shopping ultra-convenient. This high-end mall has over 110 luxury retailers, brand-name stores, and revered restaurants. In addition, CF Shops at Don Mills is a short 17-minute drive from the high-rise. Shopping at Don Mills offers an outdoor premier shopping experience with everything from retail stores to homeware shops, supermarkets to medical services, and more. Don Mills will also cater to your nightlife and entertainment needs, with plentiful high-end eateries and Cineplex Cinemas.
The development is situated only 2 minutes from the Yonge and Finch transit hub, where residents can conveniently connect to local and regional transportation services provided by the TTC, Go Transit, and YRT/VIVA. Moreover, Finch subway station runs on the Line 1 Yonge-University corridor, transporting residents to Union Station in under 30 minutes.
Many major highways are also easily accessible, with Highway 401 directly south and the 404 directly east.
One major benefit of owning in this North York is that it is centrally located between Vaughan and Downtown Toronto, meaning no matter where you’re headed in the GTA, you’ll be able to reach your destination promptly.