Rosedale, Toronto
| Rosedale | |
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| Neighbourhood | |
The Glen Road bridge
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 Vicinity |
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| Coordinates: 43°40′44″N 79°22′41″W / 43.679°N 79.378°WCoordinates: 43°40′44″N 79°22′41″W / 43.679°N 79.378°W | |
| Country |
 Canada
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| Province |
 Ontario
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| City |
 Toronto
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Rosedale is an affluent neighbourhood in Toronto, Ontario, Canada, which was formerly the estate of William Botsford Jarvis, and so named by his wife, granddaughter of William Dummer Powell, for the wild roses that grew there in abundance. It is located north of Downtown Toronto and is one of its oldest suburbs. It is also one of the wealthiest and most highly priced neighbourhoods in Canada. Rosedale has been ranked the best neighbourhood in Toronto to live by Toronto Life. It is known as the area where the city's 'old money' lives, and is home to some of Canada's richest and most famous citizens including Gerry Schwartz, founder of Onex Corporation and Ken Thomson of Thomson Corporation the latter of which being the richest man in Canada at the time of his death in 2006.
Rosedale's boundaries consist of the CPR railway tracks to the north, Yonge Street to the west, Aylmer Avenue and Rosedale Valley Road to the south, and Bayview Avenue to the east. The neighbourhood is within the City of Toronto's Rosedale-Moore Park neighbourhood. The neighbourhood is divided into a north and south portion by the Park Drive Ravine.
South Rosedale was first settled by Sheriff William Jarvis and his wife, Mary, in 1826 after Jarvis inherited his father's home there two years earlier. Mary Jarvis, the granddaughter of chief justice and loyalist William Drummer Powell frequently walked and rode on horseback around the trails for that formed Rosedale's meandering streets (which are one of the area's trademarks). She named the estate "Rosedale" as a tribute to the abundance of wild roses that graced the hillsides of their estate. The Jarvis estate was subdivided in 1854 and became Toronto's first "garden suburb". The Jarvis Family sold the Rosedale homestead in 1864, which led to the residential development of the area soon after, including the extension of Cluny Drive.
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Wikipedia