Carousel Towns — photo 1 of 2
Now Selling Assignment Friendly

Carousel Towns

By Liberty Development Corporation

Thornhill, Vaughan, Ontario
Townhouse
Occupancy: 2027
3 - 4 Bed Beds
1,350 - 2,100 sq ft sqft

Starting from

$974,900

From$974,900
Storeys3 floors
Units120
Beds3 - 4 Bed
Baths2.5 - 3.5 Bath
Size1,350 - 2,100 sq ft sqft
Completion2027

Overview

Project Details

Architect
Kirkor Architect + Planners
Building type
Townhouse
Storeys
3 storeys
Total homes
120
Beds
3 - 4 Bed
Baths
2.5 - 3.5 Bath
SqFt
1,350 - 2,100 sq ft sqft
Parking cost
-
Storage cost
-
Maint/sqft
Approx. $220 / month (Common Elements)
Avg price/sqft
$790
Estimated completion
2027
Deposit structure
10% down in first year: $10,000 on signing, balance to 5% in 30 days, 2.5% in 90 days, 2.5% in 180 days, 5% on occupancy
Assignment policy
Assignment Friendly
Appreciation forecast
4%/yr

Carousel Towns is a new residential development by Liberty Development Corporation located in Thornhill, Vaughan, Ontario. This project features a collection of 120 townhouses distributed across three storeys, offering a variety of three to four-bedroom layouts. Residents will have access to private garages and driveways, a landscaped central parkette, and a dedicated children’s play area. Each home is designed with private rooftop terraces and balconies, complemented by visitor parking bays available on site for guests. The development serves as a significant addition to the local residential landscape, focusing on functional family living within a structured community environment. Units at Carousel Towns start from $974,900 CAD, with floor plans ranging from 1,350 to 2,100 square feet. The deposit structure requires a 10 percent payment during the first year, specifically $10,000 on signing, the balance to 5 percent within 30 days, 2.5 percent at 90 days, 2.5 percent at 180 days, and a final 5 percent due upon occupancy. The project is currently in the selling phase, with anticipated occupancy scheduled for 2027. Located in the established Thornhill neighbourhood, the development provides residents with connectivity to the broader Vaughan area. This region continues to experience steady demand, supported by proximity to regional transit networks and essential local services. Prospective buyers looking for new construction in Vaughan will find this townhouse project provides a balance of size and site amenities, situated within a growing municipality that remains a central hub for commuters and families alike.

#PreConstruction#NewTownhomes#VaughanTownhomes#VaughanRealEstate#OntarioRealEstate

Pricing and Fees

Amenities

Private Garages and Driveways
Landscaped Central Parkette
Children's Play Area
Private Rooftop Terraces and Balconies
Visitor Parking Bays

Neighbourhood

64Walk
52Transit
48Bike

About the Neighbourhood

Conveniently situated in Thornhill near Dufferin Street, with rapid access to shopping centres, community parks, Richmond Hill GO, Highway 407, and acclaimed York Region public and private schools.

33 Gesher Crescent

Contact sales center

Request additional information including price lists and floor plans.

Investment Analysis

Investment Analysis

AI-scored using verified market signals

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91
OUT OF 100
Excellent opportunity

Strong fundamentals across location, rental economics and growth outlook.

Est. monthly rent

$3,400–$4,300

5-yr appreciation

+4%

Starting from

$974,900

Price per sq ft

$790

How this score is calculated
Walkability64/100 Walk Score
Transit access52/100 Transit Score
Cycling48/100 Bike Score
Rental yield potential4.19% gross yield
Appreciation outlook+4%/yr forecast

The AI Investment Score blends the verified signals above — location scores, rental economics and appreciation outlook — with how strongly the project was corroborated across independent sources. It is a research aid, not financial advice.

Rental Yield Calculator

Estimate cash flow & returns for this unit

Purchase & Financing

Purchase Price$974,900
$300,000$3,000,000
Down Payment35%
5%50%
Mortgage Rate4.5%
2.0%10.0%
Amortization30 yrs
10 yrs30 yrs

Rental Income

Monthly Rent$5,450
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

+$703

Positive cash flow / month

Gross Yield

6.51%

Net Yield

4.82%

Monthly Breakdown

Effective Rent+$5,287
Mortgage Payment-$3,211
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$423
Net Cash Flow+$703

* Estimates only. Consult a financial advisor before investing. Figures exclude insurance, repairs, and capital improvements.

Mortgage Calculator

Estimate your payment

Loan Details

$974,900
20% ($194,980)
5.25%
25 years

Payment Frequency

Monthly Payment

$4,674

Principal & interest

Mortgage Amount

$779,920

Total Cost

$1,402,096

* Estimates only, for illustration. Excludes taxes, insurance and fees. Confirm rates with your lender.

Closing Cost Estimator

Taxes calculated for Ontario · Vaughan
$974,900
20%
Land Transfer Tax (Ontario)$15,973

Ontario land transfer tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$18,373

Investment Return Estimator

$974,900
20%
4%
$3,400
5 yrs
Down Payment$194,980
Property Value in 5 yrs$1,186,115
Total Rental Income (net)$144,628
Estimated Profit$296,537
ROI on Down Payment152%

Frequently Asked Questions

Units at Carousel Towns are currently priced starting from $974,900.

Still have a question about Carousel Towns?

Illustrative estimates only — not financial, tax or investment advice. The investment score, rental yield projections, appreciation forecasts, closing-cost and mortgage figures presented in this section are computer-generated estimates produced for demonstration purposes. They do not constitute an appraisal, a formal opinion of value, a mortgage pre-approval, or any form of financial, tax or legal advice, and they must not be relied upon when making a purchase decision. Actual costs, taxes, financing terms and returns will vary with the applicable jurisdiction, lender criteria, market conditions and individual circumstances. CondoGuru.ca and its affiliates make no representation or warranty as to the accuracy or completeness of these figures and expressly disclaim all liability for any loss or damage arising from reliance upon them. Prospective purchasers should independently verify all amounts with the developer's sales team, a licensed mortgage professional, and a qualified legal or tax advisor.

Developer Profile

Developer Profile

Liberty Development Corporation

Markham, Ontario, Canada

Liberty Development Corporation is an award-winning real estate developer that has established a leading reputation across Southern Ontario for master-planned commercial and residential communities.

Projects

1

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Other Projects by This Developer

No other projects found.

Last updated: September 28, 2026

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From$974,900