The portion of the Alderwood property was transferred to the TDSB's realtor arm, Toronto Lands Corporation (TLC) in 2011 and sold to Urbancorp, a housing developer in August 2012.

With overcrowding at Royal York Collegiate Institute, the board decided to purchase the 15.87-acre Shields Site for $148,000.

With increasing population, four classrooms, a science lab, a commercial room, a new auditorium and enlarged cafeteria were added in 1960.

In 2011, however, the TDSB transferred the vacant Alderwood's 8.5-acre portion of the original 14.1-acre site to the Toronto Lands Corporation (TLC) for sale.

[2] After much community consultations, Alderwood's school facilities were demolished in November 2014 with the property being converted to a residential complex known as Val Homes.