24 Fundy Bay Townhouses: 87 Homes From 1978 Near Birchmount and McNicoll

24 Fundy Bay Townhouses is the larger of the two 1970s townhouse corporations on Fundy Bay Boulevard, with 87 homes registered in December 1978. It sits in a settled pocket of north Scarborough near Birchmount and McNicoll, where most of the housing was finished by the early 1980s. For families who want space at a price below a freehold house, it is worth a careful look. I’m Jatin Dua, RE/MAX Quantum Realty.

Two complexes, one street

Fundy Bay Boulevard has two townhouse corporations that buyers often mix up. This one, YCC-443, covers the even-numbered addresses; the other, 29 Fundy Bay Boulevard Townhouses (YCC-424), is across the street on the odd side with 80 homes and registered a few months earlier, in October 1978.

Even the address range is not consistent across sources. Condos.ca files this complex under 2 to 20 Fundy Bay Boulevard and its page title cites 4 Fundy Bay, while another listing site describes it as 2 to 24. Before you rely on any data, confirm from the status certificate that the home you are buying is in YCC-443.

Both corporations are listed with Maple Ridge Community Management. Same manager does not mean same finances, though. Each has its own reserve fund, budget and board, and the fee on one side of the street tells you nothing certain about the other.

An 87-home complex at 48 years old

At 87 homes, this is a mid-sized townhouse corporation. That is a useful size: big enough that a roof or paving program is shared among many owners, small enough that the board is still made up of people you will see on the street.

The corporation registered on 21 December 1978, so the homes are about 48 years old. By now the complex will have been through at least one full cycle of roofs and probably windows, and possibly a second. The reserve fund study will show where it is in that cycle and what is due next.

Condos.ca does not publish unit sizes here, and its single-floor entry is a database convention for townhouse complexes, not a description of the homes. Townhouses of this era in north Scarborough were generally built as family homes over two levels with a basement, but measure the home and ask for the plan.

Ask about the wiring too. Homes built in Ontario in the 1970s sometimes used aluminium branch wiring, and insurers usually ask about it. A home inspector can tell you what is in the walls and whether it has been remediated.

A settled part of north Scarborough

Fundy Bay sits in the Steeles neighbourhood, which the City’s neighbourhood map places between Victoria Park and Kennedy, from Steeles Avenue down to the hydro corridor just south of McNicoll. According to Wikipedia’s history of the area, most of the residential building here was complete by the early 1980s, so you are buying into an established area rather than a construction zone.

The L’Amoreaux Community Centre is in the southeast part of the same neighbourhood, and the area is part of the broader Scarborough Chinatown that runs into Agincourt and Milliken. Bridlewood Mall at Warden and Finch, in L’Amoreaux to the south, is a short drive away.

Highway 404 to the west, the 401 to the south and the 407 to the north are all within reach by car. Bus routes and walking distances are shown in the data panel on this page.

What to ask before you buy

In a townhouse condominium, the corporation usually looks after roofs, exterior walls, grounds and roads, while owners handle the interior and their own furnace, air conditioner and water heater. The declaration sets the line, and in 1970s corporations items such as windows, doors and fences can fall on either side.

Ask for the reserve fund study, the latest budget and audited financial statements, and the last year of board minutes. Those documents show whether the fee has kept pace with the age of the buildings, and whether any large project or special assessment is coming.

No parking arrangement is listed for this complex. Ask whether the home has a garage or driveway, whether the space is owned or exclusive-use, and how visitor parking works.

Ask the seller how active the board is, how often owners meet, and whether the fee has risen steadily or in jumps. In a corporation this age, steady annual increases are usually a better sign than a fee held flat for years.

How to price a home here

There were no homes for sale or lease when I checked, and condos.ca publishes no average price per square foot for this complex. The data panel on this page shows the aggregate sales and lease history.

The best comparable is the complex across the street at 29 Fundy Bay Boulevard, which had current listings asking in the $625,000 to $658,000 range when I checked. Similar 1970s homes on the same street are about as close as comparables get, but adjust for size, condition, parking and each corporation’s fee.

With 87 homes, sales here are steady but not frequent. If you are selling, a well-kept, updated home stands out, and pricing it against the best recent sales on both sides of the street, not the average, is usually the right call.

When you compare this complex with others, compare what each fee includes as well as the dollar amount. A lower fee that leaves windows, doors or the driveway to the owner can cost more over ten years than a higher fee that covers them.

Building specifications

Jatin’s honest take on 24 Fundy Bay Townhouses

24 Fundy Bay Townhouses — frequently asked questions

Looking at Agincourt, L’Amoreaux, Milliken, Dorset Park and Wexford in Scarborough more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.