Greystones, 7 Dervock Cres: A Nine-Home Condo Enclave in Bayview Village

Greystones is about as small as a condominium gets in Toronto: nine homes on Dervock Crescent in Bayview Village, built in 1997. For the right buyer, that means a house-like home on a quiet crescent with almost no shared overhead. It also means every decision, and every repair bill, is shared among nine owners. I’m Jatin Dua, RE/MAX Quantum Realty.

Nine homes, one corporation

Greystones is a condominium of just nine homes, registered as MTCC-1159 in September 1997. Condos.ca classes it as a low-rise condo built by Tri Cardinal Group, and other directories list it as Greystones Townhomes. In practice, it is a small group of low-rise homes sharing a site, a reserve fund and a budget.

That size changes how the corporation works. A building of 300 suites has a manager, a budget measured in millions and a board elected from hundreds of owners. A corporation of nine has a handful of neighbours who often know each other well, and every one of them has a real stake in every decision.

That can be a strength. Small boards tend to move quickly, owners notice problems early, and nobody is paying for a lobby they never use. It can also be a weakness if one or two owners carry all the work, or if neighbours disagree about spending. Before you buy, it is worth asking how the board operates and how often it meets.

Condos.ca does not list a property manager. That could mean the corporation is self-managed or uses a small firm that is not listed, and I could not confirm which. Ask who keeps the books, who arranges insurance and repairs, and who prepares the status certificate, because in a small corporation those jobs matter a great deal.

About 1,615 square feet of house-like space

Condos.ca lists a single size for the homes here, about 1,615 square feet. That suggests the plans are similar to one another, which is common in a small townhouse group built at one time. It is a comfortable size for a couple or a small family, and larger than nearly every two-bedroom condo apartment in the area.

Townhomes of this size usually spread over two or three floors, with living space on one level and bedrooms above. Confirm the floor plan, the number of bedrooms and bathrooms, and the parking arrangement for the specific home, because condos.ca gives very little detail and nothing was listed for sale or lease when I checked.

A 1997 home will have its original layout unless an owner has renovated. Check the kitchen, the bathrooms, the windows and the mechanical systems, and ask which of those belong to you and which belong to the corporation.

A thin fee, and what it does not cover

Condos.ca lists only building insurance and parking as included in the fee. Heat, hydro and water are not on the list, so expect to pay your own utilities as you would in a house. The fee itself should be modest, because there are no amenities beyond visitor parking.

The risk in a nine-home corporation is concentration. When the roofs, windows or paving come due, the cost is split nine ways. A repair that would be a rounding error in a large tower can be a meaningful bill for each owner here, so the reserve fund has to carry real weight.

Insurance is the other thing to look at. The corporation’s policy covers the buildings, and in a small group the deductible and the premium can move a lot from year to year. Ask for the current policy details along with the status certificate.

Bayview Village, and the change coming to it

Dervock Crescent is a quiet residential street in Bayview Village, close to Bayview Avenue and Sheppard Avenue East. Bayview Village Shopping Centre is nearby, and Line 4 runs under Sheppard, with Bayview station at the corner. The panel beside this review shows the exact walking and transit details and the schools.

The biggest change in the area is the redevelopment of the Bayview Village site at the northeast corner of Bayview and Sheppard. QuadReal’s first phase is under construction, and in January 2026 UrbanToronto reported plans for a second phase of two towers at 44 and 52 storeys with about 1,074 homes, new retail, a park and a direct connection to Bayview station.

For an owner here, that means years of construction nearby and a much denser corner at Bayview and Sheppard, followed by more shops and services within walking distance. Dervock Crescent itself stays low-rise, which is part of what makes a home like this one valuable.

Pricing a home that rarely comes up

Condos.ca does not publish an average price per square foot for Greystones, and nothing was listed for sale or lease when I checked. With nine homes, a building may go a year or more without a sale, so there is often no recent comparable inside the corporation at all.

That makes the nearby townhouse complexes on the same crescent, including Briar Towns and BT Modern Towns, the most useful comparables, along with semi-detached houses in Bayview Village. Adjust for age, size, renovation level and parking.

If you own here and are thinking of selling, a careful pricing plan matters more than in a big building, because buyers have little to compare against. For recent results in the area, request my building sold report.

Building specifications

Amenities at Greystones

Visitor parking is the only shared amenity condos.ca lists. That keeps the fee low and the operation simple, and it means your gym, pool and party room are whatever you choose to join nearby.

Jatin’s honest take on Greystones

Greystones — frequently asked questions

Looking at Willowdale, Yonge & Sheppard, Bayview Village and North York Centre more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.