Carrville Centre Condos
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Condo Project Summary
This is a new condominium high-rise that’s coming to the heart of Vaughan. In addition to the 24 storey tower, this development will include stacked townhome units, creating a vibrant and diverse new community.
These new condos are being developed by the Norstar Group of Companies.They’re a prolific company that’s been involved in all facets of the real estate industry for over 50 years.Their projects can be seen across North America.
This condo project’s address will be 1176 Rutherford Road, which places it in the City of Vaughan. Despite officially being in Vaughan, it will stand at the apex of several of Southern Ontario’s most important emerging real estate markets.
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This will be a mixed-use development that will feature a 24 storey tower that rises out of a 2 storey podium. The tower will have a total of 255 individual units. This new community will also include a series of stacked townhomes, which will add another 184 individual units to this development.
This building is slated to be a mixed-use development, which will come in the form of 6,466 square feet of commercial retail units on the ground floor. In addition to making the lives of future residents much easier, these retail units will add value to the burgeoning neighbourhood surrounding this project.
The amenities will be on the ground floor too. The indoor amenity space is proposed to be located next to the building’s lobby, and where it’s projected to span 2,812 square feet. There are also plans to include outdoor amenity space in the form of a communal pavilion.
Location & Neighbourhood
These condos are part of an effort by the City of Vaughan to develop the Carrville region. This should come as no surprise because Vaughan is striving to become the next major urban centre in Southern Ontario. They’re even naming the project the New Downtown North.
Carrville Centre is officially located in Vaughan, but it’s also situated in a central location to some of the most important emerging markets in the Golden Horseshoe Region. Richmond Hill is located immediately to the northeast, and this is region is expected to see some tremendous growth over the course of the next 25 years. The city had a population of 195,022 in 2016, and that’s expected to jump to 277,900 by 2041.
Another exciting prospect in regard to Richmond Hill, is the scheduled subway extension that will reach up to Richmond Hill. It’s called the Yonge North Extension, and it will reach from Line 1 Yonge-University’s eastern terminus of Finch Station to Richmond Hill Centre, which will only be a 10 minute drive away from this development.
Markham is within reach too, and it’s an exciting city that’s full of opportunity. It’s becoming widely known as one of the central hubs for Canada’s tech industries, and it’s expected to keep growing. In 2016, Markham had 167,500 jobs, but that’s projected to grow by 60.7% to 269,000 by the year 2041. Investors should keep their eyes on these condos because Markham is a thriving employment hub, and workers could easily rent homes here and drive to downtown markham in less than 20 minutes.
It’s also worth mentioning that there's a No Frills grocery store directly across the street from this development. Grocery stores may not be the first thing you consider when you’re looking for a new real estate investment, but you should because it makes the lives of future residents much more convenient.
This condominium tower is also in close proximity to some of Southern Ontario’s most important highways too. Motorists will have an easy time getting onto the 407, as well as the 404. The 404 is particularly exciting because it becomes the Don Valley Parkway as you continue driving south. It also puts you within reach of the Ontario 401 Expressway.
If all of this weren’t enough, this development is also a stone’s throw away from Canada’s Wonderland. It’s renowned for being the country’s best amusement park, and it’s only a 9 minute drive away. Residents can fulfill their childhood dreams of getting a season’s pass so they can make several visits throughout its open season.
It won’t be long until we see multiple condo developments coming to the surrounding region because it has a lot of upside due to the proximity to numerous employment centres, highways, and new transit hubs. Don’t miss out, register today!
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Carrville Centre Developer
Norstar Group of Companies: This developer has been building a variety of projects throughout all of North America. They’ve been active for over 50 years, and in that time they’ve built in cities like Tampa, Long Island, Detroit, Syracuse, Dallas, and Toronto. In addition to residential developments, they’ve build retail, industrial, and commercial projects.
Read more about this developer.
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