Vellore Crescent

Carlyle identified the potential of 1640 Vellore Crescent, turning a derelict retail plaza into a bespoke development of high-end townhomes.

South Mississauga’s Mineola neighbourhood is a waterfront-adjacent enclave of luxurious custom-built estate homes, located a convenient 30-minute drive from downtown Toronto. Carlyle successfully rezoned the property to permit the development of twenty freehold townhomes.

Carlyle’s initial project launch in Spring 2017 was successful however sales velocity tapered with the province’s introduction of the Fair Housing Plan which took significant momentum out of the housing market. Adapting to changing market conditions, Carlyle pivoted by building out the balance of the development on-spec, incorporating high-end luxury finishes synonymous with custom-homes including designer millwork throughout, integrated Miele appliances and wide plank white oak flooring. With construction completion in 2022, Carlyle sold its remaining inventory for above-proforma pricing, proving a worthy investment.