May 14th 2010
Veteran developer Canlight Realty Corp. has acquired the 21 town houses that make up Ancroft Place [map] just north of the Rosedale Ravine in South Rosedale and is bringing them to the market as condominiums.
Deemed one of the finest examples of townhouse development in Toronto by renowned architect Eberhard Zeidler, these English country style town homes occupy a secluded cul-de-sac just east off Sherbourne Street, north of the bridge – a few short minutes walk to Bloor St.
“To say there is absolutely nothing in the market to equal them does not begin to define this once-in-a-lifetime opportunity,” says Vernon Shaw, Canlight Realty president.
Built in 1927 on Crown land granted to its original owner in 1803, and deemed a national heritage structure in 1973, Ancroft Place mirrors its Rosedale neighbors. They were originally built as rental town homes for the city’s elite.
The two and three storey townhomes range in size from 1,800 to 2,800 square feet and offer anywhere from three to six bedrooms.
All have traditional 9-foot ceilings and all the architectural bells and whistles you would expect in the way of moldings, baseboards, oak flooring and lead-framed windows. Much of the original hand-crafted red brick work remains and each home has a new boiler and air conditioning while most have finished basements. There are period garages to the rear plus outdoor parking.
What will undoubtedly be an interesting selling point is that the project will offer all the features of private Rosedale homes but with advantages of a condominium, with low monthly maintenance fees because of no amenities package.
Canlight will also work with buyers to customize their homes as required
“Ancroft Place reflects a comfortable, elegant lifestyle that has disappeared from much of Toronto,” says Mr. Shaw. “Our aim is to bring it back for those discerning people who have the taste and judgment to value it.”
“For many people this will represent a once-in-a-lifetime opportunity: The chance to own a heritage private home in Rosedale for less than the cost of a Yorkville condo,” he says.
“What we saw immediately was that this was a once-on-a-lifetime opportunity. Essentially what we are doing is preserving part of the city’s architectural history, in the heart of one of Toronto’s most highly prized neighborhoods and making what was once a commercial property into a unique home ownership opportunity.”
Prices range from $1.17 – 1.8 million.
Viewing of the model home is by appointment only. Contact Veronica Lord at Sotheby’s International on 960-9995 or visit Ancroft Place’s website here to register.