There are few communities in all of Eastern Canada that can compare to Rosedale, Toronto’s most affluent neighbourhood. With its narrow, tree-filled streets and turn-of-the-century mansions, Rosedale is where some of Canada’s richest and most famous citizens reside.
Known as the area where the city’s ‘old money’ lives, Rosedale is surrounded by tranquil parkland, ravines and is conveniently located just a few minutes from Toronto’s major commercial and business districts. Virtually no vehicular traffic can be heard, thanks to the abundance of trees and foliage that seclude the community from the city centre.
Strolling through this majestic community, one can marvel at magnificent, large, and stately homes built between 1860 and 1930. Ranging from Victorian and neo-Georgian to Stockbroker’s Tudor and Edwardian Classical style, these estates maintain their architectural integrity to this day thanks to high quality renovations and reconstructions.
Did You Know? More than half of the thousand residential properties in North Rosedale are listed on the Toronto Historical Board’s Inventory of Heritage Properties.
South Rosedale boasts a number of luxurious but affordable condominiums, as well as co-operative and co-ownership apartment buildings. Newer ‘monster homes’ emerge, satisfying every taste. Real estate in Rosedale is at such a premium that buyers spend a million dollars on a home, only to tear it down to build a custom mansion.
It should come as no surprise that the owner of one of Rosedale’s largest and most expensive mansions is a guy who literally mines gold. Robert McEwen, chairman of McEwen Mining, a Toronto-based company with mineral rights in a few places in North and South America, has recently listed his property, located at 10 Highland Avenue for $22 million.
Bought in 2003 with his wife Cheryl, the home was built by a previous owner in 1995, has 17,000 square feet of living space, including a two-storey entrance hall and a living room with a dramatic domed skylight. There are six bedrooms, and, according to the listing, the gardens take up almost an acre of land.
When the ‘right’ buyer does come along, he or she will discover what Rosedale is all about – natural beauty with recreational opportunities through its beautiful parks and proximity to the busy downtown atmosphere. No wonder it has been among the most fashionable addresses for more than a century!
For more information on Luxury Buying and Selling, please visit Guy Yarkoni’s Luxury Page here.
