43 Lexington Townhouses: A 61-Home 1970 Condo on a Quiet Etobicoke Street

43 Lexington Townhouses is a small one: 61 condominium townhouses from 1970 on Lexington Avenue, a residential side street in north Etobicoke. Small complexes can be the best-run buildings in a neighbourhood or the most stretched, and with a parking garage to maintain, the difference shows up quickly in the fee. Homes here come to market only now and then, so it pays to know the complex before one does. I’m Jatin Dua, RE/MAX Quantum Realty.

Sixty-one homes and a garage

YCC-10 is a small corporation by any measure. Sixty-one homes share every cost: insurance, grounds, snow clearing, management, and the reserve fund for roofs, paving and the parking garage that Condos.ca lists among its features.

That last item is what makes size important here. A shared garage is a costly structure to maintain, with waterproofing, concrete, drainage and ventilation that all eventually need major work. In a 250-home complex, that bill is split many ways. In a 61-home complex, each household carries roughly four times the share.

None of that means the garage is in poor shape; I have no information that it is. It means the reserve fund study and the latest engineering reports on the garage are the first documents I would read, before the home itself.

Why small corporations can work well

There is a real upside to 61 homes. Owners tend to know each other, board meetings are manageable, and a well-organized board can make decisions and get work done faster than a large one.

Mission Property Management is the listed manager. Ask how long they have managed YCC-10 and how often the board meets. In a small corporation, steady management and a board that has kept records over the years are worth paying for.

Read two years of minutes. You are looking for a board that plans repairs ahead, gets quotes, and does the work on the schedule the reserve fund study sets. You also want to see that the corporation has not been borrowing or deferring to keep fees flat.

Ask about the corporation’s insurance as well. Find out the deductible on the master policy and when the declaration or by-laws let the board charge it back to an owner. In a small complex, one large water or garage claim can move the budget, so you want to know how the corporation has handled claims before.

Lexington Avenue and the Silverstone pocket

The address is a side street, which is the main daily advantage over complexes that face Albion Road or Martin Grove Road. Lexington is shared with another early condominium: 2068 Martin Grove Road Townhomes, YCC-1, includes 6 Lexington Avenue. 444 Silverstone Drive Townhouses, YCC-19, is also close by.

Wikipedia places the Silverstone area west of Martin Grove and north of Finch, within the larger Smithfield neighbourhood. Smithfield was named after a former village at Albion Road and Martin Grove Road and became urban after the Second World War as part of Rexdale. Albion Centre is the area’s main mall.

Line 6 Finch West opened on 7 December 2025, running about 11 kilometres along Finch Avenue West from Finch West station on Line 1 to Humber College, with stops at Martin Grove and Albion among others. For a buyer who works along Finch or needs Line 1, it changes the commute.

The panel on this page covers the stops, schools and parks closest to Lexington.

Buying a 1970 townhouse here

Read the declaration first. It sets out whether the corporation or the owner pays for windows, doors, roofs, fences and patios, and older declarations do not always follow the pattern buyers expect.

Then have the home inspected by someone who knows houses of this age. Ask about the plumbing, the electrical panel and wiring, insulation, ventilation and any older materials that need assessment. Ask the seller for the ages of the furnace, air conditioner and water heater, and whether the water heater is rented.

Ask about past changes, too. After more than half a century, basements have been finished and walls moved in many homes, and some of that work needs board approval under the declaration. Get copies of any approvals before you firm up.

Finally, give yourself time on conditions. Status certificates for small, older corporations can take the full ten days the Condominium Act allows to arrive, and your lawyer needs time to read it. I build that into the offer from the start, so the seller knows the timeline and you are not asked to waive a condition you have not satisfied.

Pricing a home that rarely comes up

There were no active listings when I checked, and the building data did not include home sizes or a price per square foot. In a 61-home complex, that is normal. It also means you will be pricing against a handful of past sales.

Widen the comparison. The nearest like-for-like complexes are YCC-1 on Martin Grove, YCC-19 on Silverstone and the larger YCC-25 on John Garland Boulevard, all from 1968 to 1970. Adjust for size, condition and basement finish, and use nearby freehold townhouses as a ceiling. My building sold report gives closed-sale aggregates.

Fee inclusions were not published in the data I had. Ask exactly what the fee covers, and compare the fee and the planned reserve contributions against those other three corporations. In a small complex with a garage, that comparison tells you a lot about how the next ten years will feel.

Building specifications

Amenities at 43 Lexington Townhouses

The amenity list is short and practical: a parking garage, visitor parking and permission to barbecue. That suits a small family complex, though it also means the garage is the biggest shared asset the 61 owners pay to keep up. Visitor parking is a quiet plus on a residential street, where overnight parking for guests can otherwise be hard to find.

Jatin’s honest take on 43 Lexington Townhouses

43 Lexington Townhouses — frequently asked questions

Looking at Downsview, Weston, York University Heights, Rexdale and northwest Toronto more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.