Renting Near Finch Station: A Guide to Olive Residences and Yonge & Finch in North York
Looking for a rental near Finch Station? This guide covers Olive Residences, daily life at Yonge & Finch, who North York suits best, and what to check before renting in a brand-new condo building.
REAL ESTATE NEWS
2/1/20263 min read
When people look for a condo rental in North York, Yonge & Finch comes up again and again. It combines subway access, everyday convenience, and a lively stretch of Yonge Street, with a bit more breathing room than downtown. In this guide, I'll cover the neighbourhood, what Olive Residences offers, who this area suits, and what to check before renting in a newly built condo.
Why Yonge & Finch?
The biggest advantage is Finch Subway Station on Line 1. You can ride straight down Yonge Street to North York Centre, midtown, and downtown without a car. Finch is also a major bus hub, which makes it easy to reach other parts of North York and York Region.
Along Yonge Street you'll find grocery stores, restaurants, cafés, banks, and everyday services. The area is also known for its many Korean restaurants and shops, which makes it a comfortable choice for newcomers from Korea.
About Olive Residences
Olive Residences is a new condo building at Yonge & Finch, completed in 2025.
Heating and cooling: central air with a heat pump
Concierge and elevators
About 11,000 sq ft of amenities, including a fitness centre, party and meeting rooms, co-working spaces, a private catering kitchen, outdoor terraces with BBQs, a landscaped herb garden, and a children's playroom
Typical interior finishes include Kohler kitchen fixtures, quartz countertops, wide-plank engineered laminate flooring, built-in ovens, and an ERV/HRV ventilation system.
Unit Details – Suite 708
• Layout: 2 Bedrooms / 1 Bathroom
• Level: 6
• Interior Size: Approx. 612 Sq Ft (Builder Plan)
• Exposure: East
• Balcony: Open
• Laundry: Ensuite
• Parking / Locker: None
• Rent: $2,700
The layout is efficient and functional, ideal for comfortable urban living.
Who This Area Suits Best
Tenants who want to walk to the subway
Professionals working in North York or commuting downtown
Couples and small families who want family-friendly amenities
Renters who prefer new construction and modern finishes
Korean newcomers who want Korean groceries and restaurants nearby
What to Check Before Renting in a Brand-New Building
New buildings are exciting, but they come with their own questions:
Rent increase rules. In Ontario, units first occupied as residential units after November 15, 2018 are generally exempt from the yearly rent increase guideline. That applies to a building completed in 2025, so ask how the landlord plans to handle future increases.
Deficiencies. New units can still have small issues, like doors that don't close properly or missing caulking. Walk through carefully and note anything before you move in.
Amenity opening dates. In newly finished buildings, some amenities may open later than move-in. Ask which ones are open now.
Utilities. Many new buildings meter hydro and water separately. Ask what is included in the rent.
Parking and locker. Not every unit comes with them. Confirm in writing.
The lease and deposit. Most Ontario residential tenancies must use the Ontario Standard Form of Lease. A landlord can ask for a rent deposit (usually last month's rent), but not a damage deposit.
Layout. Two-bedroom units in new buildings can be compact. Check that both bedrooms fit a real bed and storage.
Final Thoughts
Yonge & Finch offers a balanced lifestyle: subway access, everyday convenience, and more space than many downtown options. A new building like Olive Residences adds modern finishes and amenities that work for both professionals and families.
If you're looking for a rental around Finch Station or anywhere in North York, feel free to reach out. I can help you compare buildings, review the lease, and book viewings.
Phone/Text: 416-333-6523 · KakaoTalk: chloejee0114 · Threads: @chloerealty_jee11
