Residences of Dempsey Park: 49 Townhomes Steps From North York Centre

The Residences of Dempsey Park is a rare thing in North York Centre: a group of house-sized townhomes a short walk from Yonge Street, in an area otherwise dominated by towers. There are 49 homes, built in 2001, each between about 1,800 and 2,300 square feet, beside a neighbourhood park. The area around them is changing quickly, and that is worth understanding before you buy. I’m Jatin Dua, RE/MAX Quantum Realty.

Townhomes in the middle of North York Centre

North York Centre, the stretch of Yonge between Sheppard and Finch that the City has been building up as a civic centre since the 1970s, is mostly high-rise. The Residences of Dempsey Park is the exception: 49 low-rise townhomes on Ellerslie Avenue and a private lane, McBride Lane, just west of Yonge, named for the park beside them.

Condos.ca records homes from about 1,810 to 2,313 square feet. That is family-house territory, and it means the community competes with freehold townhomes and semis rather than with condo suites in the towers along Yonge.

The builder is recorded as 1205373 Ontario, a numbered company, so there is no brand name to research. I could not find a reliable published source for the architect or the original marketing name of the developer. If the history matters to you, the corporation or the original disclosure documents are the place to look.

Check the addresses and the plan

The community spans two streets, Ellerslie Avenue and McBride Lane, and condos.ca also attaches a 5075 Yonge Street address to the record. I could not confirm what, if anything, at that address belongs to the corporation. Before you buy, check the status certificate for the legal description, the number of units and the boundaries of the common elements.

I could not find a published floor plan for these homes, and there were no listings at the time of writing. Ask for the floor plan of the specific home and confirm the number of floors, bedrooms, ceiling heights and the parking arrangement, including whether there is a private garage. Condos.ca lists visitor parking and includes parking in the fee.

Homes facing Ellerslie and homes on the internal lane will feel different, with more traffic and more light on one side and more privacy on the other. Walk both before you decide which suits you.

The fee, and what the declaration decides

Condos.ca lists common elements, building insurance, parking and water as included. Heat and hydro are not on the list, so expect to pay them as you would in a house. Ask how the home is heated and cooled, and how old the furnace, air conditioner and water heater are; in a 2001 community, many will be at or past their original lifespan.

In a townhouse corporation, the declaration decides who pays for roofs, windows, doors, driveways, decks and fences, and who clears snow and cuts the grass. That split matters more than the fee itself. A higher fee that covers exteriors from a well-funded reserve can be better value than a low fee that leaves those costs with you.

With 49 homes, this corporation is large enough to spread costs better than a 15-home group, but small enough that a major exterior program will be felt. Read the reserve fund study and the plan for roofs, windows and the lane.

A neighbourhood under construction

The location is the main draw. You are a short walk from Yonge Street and the shops, library and civic buildings of North York Centre, with Dempsey Park next door. The data panel on this page has the subway, school and park details.

Groceries are shifting. The former Loblaws at RioCan Empress, 5095 Yonge Street, closed in late 2025 to make way for a T&T Supermarket set to open in October 2026, and Metro’s store at 20 Church Avenue near Yonge and Finch is being converted to a Food Basics.

Development is the bigger change. Ellie Condos, a G Group project at Yonge and Ellerslie, is in pre-construction, and the City is advancing the Beecroft Road extension ahead of a larger rebuild of Yonge between Sheppard and Finch. The 2020 Transform Yonge design is being reassessed, with findings expected in early 2027. Expect years of construction nearby, and more density at the end of it.

Pricing townhomes in a tower neighbourhood

There were no homes for sale or for rent at the time of writing, and condos.ca does not publish a building average per square foot. With 49 homes, sales happen, but not often enough to give a clean benchmark every year.

When I price a home here, I start with sales inside the community over several years, then look at freehold townhomes and semis on the streets west of Yonge, and then at large suites in the newer towers nearby. A condo townhouse should trade at a discount to a comparable freehold, because you pay a fee and share decisions with a board, but location close to Yonge narrows that gap.

The redevelopment around you cuts both ways. Construction is disruptive, but low-rise homes of this size become scarcer as the area fills with towers, which tends to support value over time. For the sale data, see the panel on this page or ask for my building sold report.

Building specifications

Amenities at The Residences of Dempsey Park

There is no amenity package in the tower sense: no concierge, gym or party room. What you get is a house-sized home with its own front door, barbecues permitted outdoors, visitor parking and a security system, with Dempsey Park and the facilities of North York Centre doing the job a party room would do elsewhere.

Jatin’s honest take on The Residences of Dempsey Park

The Residences of Dempsey Park — 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.