415 Silverstone Drive Townhouses: Corporation No. 3, Registered in 1969

Very few condominiums in Toronto carry a single-digit corporation number. The townhouses at 415 Silverstone Drive are YCC-3, registered in January 1969, which makes them one of the oldest condominium corporations in the city still operating. That history is interesting, but what it means for a buyer today is practical: a 57-year track record you can read, and building components that have been replaced at least once. I’m Jatin Dua, RE/MAX Quantum Realty.

One of Toronto’s first condominium corporations

Condominium ownership in Ontario is a creation of the late 1960s, and the corporation numbers show the order in which complexes were registered. YCC-3 means this was the third corporation registered in the York series, in January 1969. By comparison, most of the townhouse corporations around it carry numbers in the dozens or hundreds.

Being early has two consequences. The first is that the complex was designed before anyone had decades of experience with how condominium townhouses age, so the original choices about shared parking, drainage and what owners versus the corporation maintain were made without that hindsight. The second is that the corporation has now lived through more than half a century of repairs, so its records should show exactly how it handles them.

Ask for those records. A corporation this old should be able to show you when the roofs, windows and paving were last replaced, what the parking garage has needed, and how the reserve fund has been rebuilt after each major project. If it cannot, that is a warning in itself.

Three street addresses, one corporation

The complex spans three streets: Silverstone Drive, Lexington Avenue and Albion Road. That matters when you search, because a listing at one of these addresses may be part of YCC-3 or may be a nearby freehold home or a different complex. Confirm the corporation number on any listing before you compare it with sales here.

It also matters inside the site. Homes facing Albion Road, a busy diagonal arterial, will have a different daily experience from those on the quieter side streets. When you view, note which street the front door faces, where the parking is relative to the home, and how much traffic noise reaches the back of the house.

Condos.ca lists BBQs as permitted, which suggests each home has some outdoor space. Ask whether yours is a private yard, a patio on exclusive-use common element or shared ground, because it affects what you can fence, plant or build.

Builder, manager and what the fee covers

Condos.ca credits Rockport Group as the developer. Whatever the builder’s reputation today, the original construction warranty is long gone on a 1969 complex, so the builder matters far less than the corporation’s maintenance record.

Management Professionals is listed as the property manager. Ask how long they have managed the corporation and whether the board has changed managers recently, because a change can mean the records have gaps that need explaining.

Fee inclusions are not published. In townhouse complexes from this era, heat and hydro are normally the owner’s cost, and water and cable vary. Ask for the budget and fee schedule, and ask what the declaration makes owners responsible for, such as windows, doors, furnaces and decks. In older declarations that split is sometimes unusual, and it can make two similar fees very different in real cost.

Living near Albion Road in north Etobicoke

This pocket of north Etobicoke grew from farmland after the Second World War as part of the Rexdale district, with the old village of Smithfield at Albion Road and Martin Grove Road nearby. Albion Road itself began as a planked toll road built in the 1840s as a shortcut toward Albion Township, which is why it cuts diagonally across the street grid.

Shopping here centres on the Albion Centre at Finch and Albion, the main mall in this part of Etobicoke. Line 6 Finch West opened on 7 December 2025, with stops on Finch Avenue West including Martin Grove and Albion, connecting east to Line 1 at Finch West station and west to Humber Polytechnic’s North Campus. The data panel on this page shows the distances to the nearest stops.

For drivers, the area sits close to Highway 427 and Highway 27 and to the industrial and employment lands of northwest Etobicoke, which is part of why it has long appealed to households who work in the area.

Pricing an early corporation

There were no homes listed for sale or lease at the time of writing, and condos.ca does not publish a building price per square foot for this complex. With 46 homes, sales are occasional and a single sale can move any average. That is why I would not rely on any single figure quoted for this complex, including an online estimate, without looking at the sales behind it.

The recorded sales in the data panel on this page are the starting point. Beyond those, compare with other condominium townhouse complexes from the late 1960s and 1970s in Rexdale and north Etobicoke, such as the large Bramalea-built complex at Kendleton Drive, and adjust for size, parking, basement finish and renovation level.

The fee has to be part of the price comparison. A higher fee in a corporation that has already replaced its roofs and windows can be better value than a lower fee where that work is still ahead. I can pull the comparables for you through my building sold report.

Building specifications

Amenities at 415 Silverstone Drive Townhouses

The amenities are practical: a parking garage, visitor parking and permission to barbecue. In a 46-home complex, that is how it should be, because a pool or clubhouse would be paid for by very few owners and would add a large item to an already old set of shared components.

Jatin’s honest take on 415 Silverstone Drive Townhouses

415 Silverstone Drive 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.