1 San Carmeloway Townhouses: 16 Condo Homes From 1974 at Jane and Sheppard

1 San Carmeloway Townhouses is a complex most Toronto buyers have never heard of: 16 condominium townhouses on San Carmelo Way, near Jane Street and Sheppard Avenue, registered in 1974. Small, old and rarely listed, it can be a quiet way into ownership in northwest Toronto. It can also hide the kind of costs that only show up in the documents. I’m Jatin Dua, RE/MAX Quantum Realty.

A 16-home corporation from 1974

YCC-177 was registered in November 1974, which puts it in the early years of condominium ownership in Ontario, when townhouse complexes were a new way for families in North York to own without buying a house. At 16 homes, it is also very small.

Small corporations behave differently from towers. Every owner carries one-sixteenth of the budget, the board is drawn from a handful of households, and one large repair can move the fee noticeably. When neighbours cooperate, that closeness keeps costs down. When they do not, decisions stall.

Ask who is on the board, how often it meets and whether seats are filled. In a complex this size, the people next door are effectively the board of directors for your biggest asset, and you may well be asked to join it.

Who runs it? Confirm the management

Condos.ca does not list a property management company for this complex. That may simply be a gap in its data, or the corporation may be self-managed by its board, which is not unusual for very small complexes.

Either arrangement can work, but they are very different. A professional manager handles collections, contracts, insurance renewals and the paperwork for status certificates. A self-managed board does all of that with volunteers. Find out which applies before you write an offer, and ask who will issue the status certificate and how long it takes.

If the corporation is self-managed, look closely at its records. Ask for recent financial statements, the reserve fund study and the minutes of the last few meetings, and check that they are complete and current.

Insurance deserves its own question. The corporation’s building policy is split among only 16 owners, and small corporations have little bargaining power at renewal. Ask what the current premium and deductible are, how they have changed in recent years, and what your own unit policy needs to cover to match the deductible.

The homes, the parking and what 50 years means

Condos.ca lists the complex as one storey, which is how its database records townhouse complexes, and does not publish a size range. These are multi-level homes, so measure the one you are viewing and ask whether the basement is included in the stated area.

Condos.ca lists a parking garage, visitor parking and barbecues permitted. Confirm whether the home has its own garage or a space in a shared garage, and how many spaces it comes with.

At more than 50 years old, the complex has been through at least one full cycle of roofs, windows and paving, and possibly two. Inside, homes will vary depending on what owners have updated. Have a home inspector check windows, wiring, plumbing and insulation, and ask whether the furnace, air conditioner or water heater is rented, because those contracts usually transfer to you.

The area around Jane and Sheppard

Condos.ca places the complex in Glenfield-Jane Heights, which runs from Finch Avenue south to Sheppard Avenue and forms the southern half of the wider Jane and Finch area. The area grew quickly in the 1960s and 1970s, with detached and semi-detached houses, townhouse complexes and apartment towers, and residents have built a dense network of community groups since then.

Black Creek and its ravine parks run along the east side of the wider area, and the York Woods branch of Toronto Public Library serves the neighbourhood. Highway 400 runs along the west side, which makes this an easy base for anyone who commutes by car to Vaughan, Brampton or the airport area.

To the north, Line 6 Finch West opened on 7 December 2025 along Finch Avenue, linking the area to Line 1 at Keele Street and west to Humber Polytechnic. The data panel on this page shows the nearest transit options and walking times from this address.

Pricing a 16-home complex

At the time of writing there were no homes here for sale or lease, and condos.ca did not publish a building price per square foot. In a complex of 16 homes, sales may be years apart, so there is no meaningful building average.

Pricing therefore comes from comparables outside the complex: other 1970s condominium townhouses around Jane and Sheppard and Jane and Finch, and freehold semis on nearby streets. Adjust for size, parking, basement finish, the fee and what it covers. Start with the recorded sales and leases in the data panel on this page.

Price the corporation, not only the home. A healthy reserve fund and clear management are worth real money in a complex this small, and a weak fund or missing records should lower what you are willing to pay. My building sold report pulls the nearby comparables for you.

Talk to your lender early as well. Some lenders review very small or self-managed corporations more carefully, and you want the financing settled before you waive conditions.

Building specifications

Amenities at 1 San Carmeloway Townhouses

There is no gym, pool or party room listed, which is normal for a 16-home townhouse complex. The fee goes to the shared structure, grounds and insurance, and the practical amenities are your own entrance, your parking and a barbecue on your own patio.

Jatin’s honest take on 1 San Carmeloway Townhouses

1 San Carmeloway 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.