500 Renforth Drive Townhouses: 14 Homes from 1983 Near Centennial Park

500 Renforth Drive Townhouses is a row of 14 homes on Renforth Drive, close to Centennial Park, registered as a condominium in 1983. Fourteen owners is a very small corporation, and that shapes everything about buying here, from how repairs are paid for to how hard it is to price a home. I’ll walk you through what to check. I’m Jatin Dua, RE/MAX Quantum Realty.

A corporation of 14

With only 14 homes, MTCC-622 is one of the smallest condominium corporations you will find in Etobicoke. That has real advantages. Owners can know each other, meetings are short, and there is no large building to run. A well-kept small complex can feel more like a row of freehold homes than a condo.

The disadvantage is arithmetic. Every major cost, from a new roof to repaving, is divided by 14. If the reserve fund is short, each owner’s share of a special assessment is large. If one owner stops paying fees, the effect on the budget is immediate.

Condos.ca lists no property manager. The corporation may use a manager that simply is not recorded, or the board may run it directly. Ask the listing agent, and ask who prepares the budget and issues the status certificate. Professional management is not essential in a small complex, but organised records are.

Forty years on: what to look at

MTCC-622 was registered on 19 October 1983, so the complex is now past 40. That puts many original components, such as roofing, windows, exterior doors, eavestroughs and paving, at or beyond their first expected life. The question is not whether they will need work, but whether it has been done and how it was paid for.

The reserve fund study answers that. It should list each component, its age and its remaining life, and show whether the fund can cover the next 30 years of work. Ask for the most recent study and its date, and compare it with what you see on the site. Board minutes from the last two or three years will tell you what owners have been discussing.

Small corporations also tend to have fewer written rules than large ones, and that can cut both ways. Read the declaration and by-laws to see who is responsible for windows, doors, decks, fences and driveways. In some townhouse corporations the owner looks after more than you would expect.

Inside the home, ask what the previous owners have updated: the furnace, air conditioner, water heater, electrical panel and windows. Ask too whether any of that equipment is on a rental contract that transfers to you on closing.

Living on Renforth Drive

The address is on Renforth Drive itself, a main road through this part of Etobicoke, rather than a quiet internal lane. Visit at rush hour and on a weekday morning to judge the traffic and noise for yourself, and see how easily you can pull out of the complex.

The surroundings are a mix of detached and semi-detached homes, schools, churches and community uses. Centennial Park, a regional park of more than 200 hectares, lies to the north-west, with trails, sports fields and indoor recreation. For a townhouse owner without a big backyard, that is a genuine asset.

Condos.ca records the homes as one storey, as it does for most townhouse complexes, and publishes no size range. Measure the home, ask whether the stated area includes the basement, and confirm whether parking is a private garage, a driveway or a shared lot.

What is changing nearby

Two projects are worth knowing about. Just north, at 596 Renforth Drive, City staff recommended approval in 2023 of 140 stacked, back-to-back townhouse units in three-storey blocks on the former Masonic Temple site beside Centennial Park. If it proceeds, it will add newer housing nearby that buyers will compare with homes here.

Further north, the Eglinton Crosstown West Extension is under construction, with Renforth as its planned western terminus and completion currently expected around 2031. That is a long-term change rather than a reason to buy today, but it is part of why this side of Etobicoke is drawing more interest.

Neither project changes the basic character of the area, which is settled and residential. What they do change is the comparison set. A buyer here in five years may be choosing between an older townhouse with its own front door and a newer stacked unit down the road, and an older home that has been well kept usually holds its own in that comparison. The data panel on this page shows the transit, schools and Walk Score in detail.

Pricing a home here

There were no homes listed for sale or lease at the time of writing, and condos.ca did not publish a price per square foot. With 14 homes, sales can be years apart, so there is no reliable building average.

Start with the recorded sales in the data panel on this page. Then compare with other older townhouse corporations nearby, such as 19 Centennial Park Road Townhouses and Etobicoke Estates on Old Burnhamthorpe Road, and with freehold homes on the side streets east of Renforth. Adjust for size, basement finish, parking, frontage on a main road and what each fee covers.

If the price of a townhouse here comes close to a small detached home nearby, the house is often the better long-term buy. My building sold report pulls the townhouse and freehold comparables together.

Building specifications

Jatin’s honest take on 500 Renforth Drive Townhouses

500 Renforth 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.