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What is Assignment?
A common question raised during the pre-construction process is assignments. For those who are not familiar with assignments, it is simply a sales contract entered into by two parties at an earlier date. It is essentially a transfer of the right to purchase that property from the original purchaser to a new purchaser prior to the unit closing. Assignments of sale are very common during the construction stage of new developments by allowing the original purchaser to resell their unit before the sale is completed for the property. Since units in pre-construction are purchased sometimes 3-4 years prior to occupancy, sellers often choose to assign their units before they occupy as their lives may take on a different path. On the flip side, a lot of purchasers may look for assignments to buy before the building is complete. Once construction has started, there are always many assignment agreements floating around as occupancy dates become more accurate. There are however many stipulations that are involved when selling or buying an assignment.
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King’s Landing (North York): 1 Bedroom + Den (1 Parking & Locker) - SOLD
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3 Photos
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Sold Price:
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Listed Price:
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$730,000
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Taxes
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Address:
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1001 Sheppard Ave North , Unit 735, Toronto, M2K 1C2
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Beds:
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1+1
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Baths:
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Parking:
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Property Type:
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Area:
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Toronto
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Neighbourhood:
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Bayview Village
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Listing Company:
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50 Charles St. East (CASA III Condos): 2 Bedroom - SOLD
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3 Photos
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Sold Price:
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Listed Price:
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$670,000
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Taxes
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Address:
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50 Charles St East , Toronto, M4Y1T1
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Beds:
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2
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Baths:
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1
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Parking:
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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Church-Yonge Corridor
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Listing Company:
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50 Charles St. East (CASA III Condos): 1 Bedroom plus Den - SOLD
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3 Photos
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Sold Price:
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Listed Price:
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$555,800
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Taxes
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Address:
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50 Charles St East , Toronto
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Beds:
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1+1
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Baths:
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1
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Parking:
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Property Type:
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Att/Row/Twnhouse
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Area:
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Toronto
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Neighbourhood:
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Church-Yonge Corridor
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Listing Company:
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Right At Home Realty Inc
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159 Dundas St (Pace Condo): 1 Bedroom available for Assignment - SOLD
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3 Photos
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Sold Price:
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Listed Price:
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$355,000
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Taxes (2015):
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Address:
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159 Dundas St East , Unit 3903, Toronto, M5B1E4, Ontario
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Beds:
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1
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Baths:
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1
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Parking:
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0
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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Church-Yonge Corridor
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Listing Company:
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RIGHT AT HOME REALTY INC., BROKERAGE
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1000 Bay Condos: 1 Bedroom available for Assignment - SOLD
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4 Photos
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Sold Price:
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Listed Price:
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$395,900
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Taxes (2015):
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Address:
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1000 Bay St , Unit 910, Toronto, M5S2Y1, Ontario
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Beds:
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1
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Baths:
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1
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Parking:
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0
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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Bay Street Corridor
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Listing Company:
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RIGHT AT HOME REALTY INC., BROKERAGE
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210 Simcoe Condos: 1 Bedroom + Den available for Assignment - SOLD
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6 Photos
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Sold Price:
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Listed Price:
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$475,000
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Taxes (2014):
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Address:
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210 Simcoe St , Unit 2405, Toronto, M5T2W5, Ontario
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Beds:
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1+1
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Baths:
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1
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Parking:
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1
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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University
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Listing Company:
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RIGHT AT HOME REALTY INC., BROKERAGE
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DNA 3 Condos: 1 Bedroom + Den available for Assignment - SOLD
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9 Photos
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Sold Price:
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Listed Price:
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$378,000
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Taxes (2014):
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Address:
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1030 King St West , Unit 718, Toronto, M6K1E6, Ontario
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Beds:
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1+1
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Baths:
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1
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Parking:
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1
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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Niagara
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Listing Company:
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RIGHT AT HOME REALTY INC., BROKERAGE
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Nicholas Residences: 1 Bedroom available for Assignment - SOLD
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5 Photos
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Sold Price:
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Listed Price:
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$385,000
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Taxes (2014):
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Address:
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75 St Nicholas St , Unit 905, Toronto, M4Y0A5, Ontario
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Beds:
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1
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Baths:
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1
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Parking:
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0
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Property Type:
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Condo Apt
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Area:
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Toronto
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Neighbourhood:
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Bay Street Corridor
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Listing Company:
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RIGHT AT HOME REALTY INC., BROKERAGE
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