35 Crescent Road Townhomes: An 1895 Rosedale House Split Into Two Condos

35 Crescent Road Townhomes is not really a building in the usual sense. It is a large Rosedale house, dated to 1895 in listing coverage, split into two condominium homes of roughly 3,000 square feet each and registered as a corporation in 1999. You get a Rosedale address and house-sized rooms for less than the full house would cost, and you share every big decision with exactly one neighbour. I’m Jatin Dua, RE/MAX Quantum Realty.

One house, two homes

Coverage of past listings describes 37 Crescent Road as built in 1895 and 35 Crescent Road as a former single-family mansion that was gutted and professionally redesigned for condominium use. The corporation, MTCC-1267, has exactly two units, one at each address.

The two suites are very different. One has been described as a three-level home of about 2,750 sq ft with two bedrooms, three bathrooms, a panelled study, cathedral ceilings in the living room and a private elevator. The other has been described as a two-storey home of about 3,200 sq ft with two bedrooms plus a den, three bathrooms, skylights, exposed brick and beams, and a pool.

That is the size of a substantial house, and it is why people buy here. You get the proportions of a Rosedale home, mature gardens and a historic exterior, without carrying the whole house on your own.

Because the two suites were carved from one house, they do not share a common layout, and a buyer for one will not find a true twin anywhere else. Visit both addresses from the street, look at how the house is divided, and ask which suite has which part of the original rooms, the front facade and the garden. Light, privacy and noise between the two homes depend heavily on where the dividing walls and floors fall.

The garden and the shared parts

The garden is a big part of the story. Listing coverage of 37 Crescent describes a large private garden in an Italian villa style, said to date to around 1906, and a pool. Coverage of 35 Crescent describes a second-storey deck overlooking the back gardens that is reserved for the other unit, which also pays for its upkeep.

That detail tells you how this kind of conversion works. Outdoor spaces, decks and even parts of the structure are often split by exclusive-use rules in the declaration, with costs assigned to one owner or the other. Before you buy, read the declaration and the plan carefully so you know exactly which garden, deck, pool and parking areas are yours to use and pay for.

A two-owner corporation

With only two units, there is no property manager listed, and the two owners are effectively the board. Every repair to the roof, the masonry, the foundation or the shared services has to be agreed between two households.

When neighbours get on well, this works smoothly and cheaply. When they do not, there is no third vote to break a tie. Ask how decisions have been made in the past, whether there is a written cost-sharing arrangement, and whether the corporation has a reserve fund study, insurance and annual financial statements in order.

A house from 1895 has old bones, even after a full gut. Ask what was replaced in the conversion and since: the roof, windows, wiring, plumbing, drainage and the foundation. The status certificate should show the reserve fund, but in a two-unit corporation it is worth asking for the underlying invoices and reports too.

Living on Crescent Road

Crescent Road is one of the classic streets of south Rosedale: large houses, mature trees and very little traffic, but only a short walk from Yonge Street. You can reach the shops and restaurants of Yonge and Summerhill, the ravines and Rosedale Park on foot. The panel on this page covers transit, schools and parks.

The neighbouring blocks have a few other small condominiums, such as Castlemere at 75 Crescent Road and the low-rise at 78 Crescent Road, but most of the street is single-family houses. That keeps the setting stable and quiet.

Parking on Crescent Road is limited, as it is across south Rosedale. Listing coverage of one suite mentioned a single parking space. Confirm in the declaration whether each unit has its own space, whether it is a driveway or a garage, and whether street permits are available on this block before you assume a second car will fit.

Pricing: a share of a Rosedale house

There is no building average price per square foot here, and with two units there never will be. Nothing was for sale or rent when I checked. A sale happens only when one of two owners decides to move, which may be years apart.

The closest condo comparables are nearby small buildings: Castlemere at 75 Crescent Road averages about $763 per square foot and 78 Crescent Road about $867. A suite of almost 3,000 sq ft in a converted Victorian house with a garden will trade on its own terms, closer to how buyers think about Rosedale semis and smaller detached homes than to apartment condos.

Fees in a two-unit corporation are usually low, because there is no staff or amenity to fund, but low fees can also mean little is being saved. Ask for the budget, the reserve fund balance and what the fee covers, and compare that with what you would budget for the same house on your own.

Building specifications

Amenities at 35 Crescent Road Townhomes

There are no shared amenities in the usual sense. What you get is a share of a historic house and its garden, split between two owners according to the declaration, so read exactly which features belong to which suite.

Jatin’s honest take on 35 Crescent Road Townhomes

35 Crescent Road Townhomes — frequently asked questions

Looking at Yorkville, the Annex and Midtown more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.