Rosedale is one of Toronto's most affluent neighbourhoods. 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. 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 Ken Thomson who was the richest man in Canada at the time of his death.
Rosedale's boundaries consist of the CPR railway tracks to the north, Yonge Street to the west, Bloor Street 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.
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A noteworthy piece of Rosedale's History, is that is was home to Ontario's fourth Government House. The house was called Chorley Park, and it was built for the Lieutenant Governor in 1915. It was demolished in 1960 by the city of Toronto to save money. It is now a public park of the same name.