Park Terrace

1 - About Park Terrace

• Address: 91 Townsgate Dr, Thornhill
• Neighbourhood: Crestwood-Springfarm-Yorkhill (Vaughan)
• Storeys: 14
• Units: 162
• Built Year: 1995
• Builder: Menkes Developments Ltd.
• Building Type: High-Rise Condo
• Suite Sizes: 510 sqft – 1,198 sqft
• Average Price: $615 / sq. ft.

2 - Overview of Park Terrace

Park Terrace is a high-rise condominium tower located in the Crestwood-Springfarm-Yorkhill area of Thornhill. Developed by Menkes Developments Ltd. and completed in 1995, this 14-storey building reaches a height of 33 metres in the established Vaughan neighbourhood.

As a purpose-built residential development rather than an industrial conversion, Park Terrace features traditional architectural design that integrates well with the surrounding community. The building houses 162 residential units and maintains a stable ownership profile, distinguishing it from higher-turnover developments commonly found throughout the Greater Toronto Area.

3 - Suite Sizes & Value

Park Terrace offers suite sizes ranging from 510 to 1,198 square feet, providing the generous floor plans characteristic of mid-1990s construction standards. Many units feature internal renovations and contemporary finishes while preserving the original layout configurations that maximize space efficiency.

With an Average Price: $615 / sq. ft., Park Terrace represents an attractive value proposition in the competitive Thornhill condominium market. The building's pricing remains below many new construction projects throughout Vaughan, while maintaining stable valuations supported by its desirable location and established neighbourhood setting.

4 - Building Amenities & Features

• Gym: Fully equipped exercise room with modern fitness equipment
• Outdoor Pool: Seasonal swimming facility for residents
• Sauna: Private sauna available for resident relaxation
• Tennis Court: On-site recreational tennis court
• Parking: Secure underground parking garage with resident access
• Security: Professional security services including on-site guard, comprehensive security system, and controlled visitor entry
• Maintenance Fees: Monthly fees covering heat, hydro, and water utilities

5 - Location Highlights

• Transit: Convenient three-minute walk to Steeles Avenue at Village Gate bus stop, providing direct connections to Bathurst TTC routes
• Retail: Prime access to major shopping destinations including Promenade Mall, Centerpoint Mall, Shops on Yonge, and Promenade Shopping Centre
• Area Features: Strategic location at the intersection of Bathurst Street and Steeles Avenue, with proximity to York University
• Dining: Diverse local dining options including St Urbain Bagel Bakery, Pho Viet Xpress, and Sushi WA

6 - Lifestyle Near Park Terrace

The surrounding area achieves a Walk Score of 79, indicating excellent walkability for daily errands and recreation. Residents enjoy pedestrian access to Promenade Mall and the extensive retail corridor along Yonge Street, creating a convenient urban lifestyle.

The neighbourhood benefits from proximity to quality educational institutions and maintains strong connectivity to major highways and TTC transit networks. The area attracts a diverse demographic of working professionals and established families seeking suburban convenience with urban amenities.

7 - About the Developer

Menkes Developments Ltd. served as the developer for Park Terrace, bringing extensive expertise to the Vaughan and Thornhill condominium markets. Throughout the 1990s, Menkes concentrated on high-density residential development across Ontario, establishing a reputation for quality construction and thoughtful community planning in established neighbourhoods.