Windermere by the Lake Terrace: Swansea Stacked Towns With Tower Amenities

Windermere by the Lake Terrace is what I show buyers who want a front door and a terrace, not a tower lobby, but still want a concierge and a parking spot in a garage. It is a 2006 block of 104 brick-and-stone stacked townhomes on The Queensway in Swansea, part of a larger community that includes a condo tower with a pool. It is quiet, it trades slowly, and it is about to get much bigger neighbours. I’m Jatin Dua, RE/MAX Quantum Realty.

Stacked townhomes, not a tower

This building is a long, low block along The Queensway: three storeys of brick and stone in a traditional style, with suites stacked in one- and multi-level plans instead of a corridor of identical units. Most suites have their own outdoor space, a Juliet balcony, patio, porch or rooftop terrace depending on where they sit.

Suites run from about 351 to 1,422 sq ft. The mix leans toward one- and two-bedrooms, with a small number of studios and three-bedrooms, and interiors typically have open kitchens, hardwood in the main rooms and ensuite laundry.

The format suits people who want to feel like they live in a house. You get fewer neighbours on each floor, often a private entrance, and usually a terrace. The trade-off is stairs, both inside the multi-level suites and sometimes just to reach your door, so it is less suited to anyone with mobility issues.

Location within the block matters more here than in a tower. A suite facing The Queensway gets more traffic and streetcar noise than one on the quieter side, a ground-level suite with a patio lives very differently from an upper suite with a rooftop terrace, and the multi-level plans vary a lot in how usable the rooms are. Walk the suite and the street at rush hour before you decide.

Part of a bigger community

Windermere by the Lake is more than this building. It includes a 27-storey condo tower at 15 Windermere Avenue and another townhome corporation at 97-101 The Queensway and 8 Windermere, all built in the mid-2000s. Strata.ca names Cresford and Reon as the developers of this block.

That matters for amenities. On its own, this corporation lists a concierge, a party room, a meeting room, barbecues and a parking garage. Condos.ca says residents can also use the wider development’s facilities, including a swimming pool and virtual golf, and strata.ca lists an indoor pool, sauna, gym and billiards room. Get the shared facilities agreement and confirm exactly what you can use, where, and what this corporation pays for it.

On Cresford: three of its downtown pre-construction projects went into receivership in 2020. That is a separate story from a corporation registered here in 2006 and run by its own board for nearly twenty years. What you are judging now is the board, the reserve fund and the state of the building.

Living on The Queensway in Swansea

Your front door is on The Queensway or Windermere, with the Gardiner and the Lake Shore close by and the lake trail and Sunnyside within reach on foot. The southern end of High Park and Grenadier Pond are a walk north. It is a quiet, mostly residential pocket, and much of your shopping will mean a short drive or transit trip.

Compared with the tower at 15 Windermere, the Terrace gives up the long views and the elevator ride in exchange for street-level living and outdoor space you can actually furnish. Compared with the freehold houses north of The Queensway in Swansea, it gives up a yard and land value in exchange for a concierge, a garage and a much lower entry price.

That is changing. Directly at The Queensway and Windermere, Toronto Community Housing is redeveloping the Swansea Mews site, vacated after a 2022 ceiling collapse, as two rental towers of 35 and 20 storeys with about 639 homes and space for retail, approved by City Council in March 2026. The Southport towers are under construction to the west, and more towers are planned at 2002 Lake Shore Boulevard West. Expect years of construction nearby, more people on the street and possibly better local shopping.

Pricing: thin data in a slow building

This is a slow-trading building. Strata.ca recorded only two sales and two leases over its latest twelve months, and suites there sold on average below asking price, with low demand and low availability ratings. Its per-foot figures were roughly $756 for two-bedrooms and $857 for three-bedrooms. With so few trades, a single sale can swing the averages, so treat any trend number from this building with caution.

There were no active sale listings when I checked, so I cannot give you a current asking range. If you want a specific layout here, set up an alert, and when one comes up, pull comparables from the neighbouring Windermere townhome corporation as well as this one. My building sold report covers recorded trades.

On fees, the sources disagree on inclusions. Condos.ca lists common elements, building insurance, parking and water, while strata.ca lists none of them. Heat and hydro are separate either way, so in a multi-level suite with exterior walls on several sides, ask the seller for actual winter utility bills.

Building specifications

Amenities at Windermere by the Lake Terrace

Day to day, this is a quiet low-rise with a concierge and a garage, not an amenity building. The pool and gym access through the wider Windermere by the Lake community is the bonus, so confirm it in writing before you count on it. If you never plan to swim, the shared access matters less than the concierge and the garage.

Jatin’s honest take on Windermere by the Lake Terrace

Windermere by the Lake Terrace — frequently asked questions

Looking at High Park-Swansea more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.