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CONDO ASSIGNMENTS FOR SALE DEFINITION
An assignment (i.e. purchase) of the right to purchase a property. Specifically, it can be the transfer of a contract to purchase, before occupancy. After occupancy, the property can be sold and is classified as a 'resale'. WHY ASSIGN AND NOT SELL?
The City has not given the permission for Occupancy yet. It cannot be a sold using conventional methods. EXAMPLE
A Buyer just bought a new Condo. The Builder has given the Buyer the RIGHT TO ASSIGN the unit (sell the agreement) to another Buyer. This may happen for various reasons: - Buyer must sell
- Buyer wishes to take out equity
- Property appreciated and Buyer wishes to re-invest appreciation
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Concord Park Place Discovery Building B #911, 2 bedroom + Den $449,000
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Concord Park Place Discovery Building B
2 + Den, 1010 Sqft, facing NE, 9th floor
asking $449,000
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Concord Park Place Discovery Building B #1209, 2 bedroom + Den $408,000
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Concord Park Place Discovery Building B
2 + Den, 882 Sqft, facing NE, 12th floor
asking $408,000
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Concord Park Place Discovery Building A #1009, 2 bedroom + Den $420,000
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Discovery at Concord Park Place - Building A: Concord Park Place Concord Park Place is a 45-acre, master-planned neighbourhood, home to 20 buildings, hi-rise and mid-rise, culminating in approximately 5,000 homes. Ideally located in the city of North York, you have access to two subway stations, three GO stations and an exemplary bus transit service. You are also minutes from major highways including the 401, 407 and Don Valley Parkway/404. Concord Park Place is a vibrant community.
Assignment opportunity for this limited supply 2 bedroom + den unit with 882 sqft + 126 sqft balcony. Unobstructive South West city view corner unit. Upgraded with 1 parking and 1 locker, granite counter top, stainless steel appliance, engineer hardwood floor. Million dollars club house facilities.
$420,000
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The Modern Condo at 320 Richmond St East 2 bedroom for $399000
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2 bedroom 2 full bath, 730 sqft facing East, 13th floor
Asking $399,000
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World on Yonge Commercial and Residential Condo
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Residential Condo
2 Bedroom, 2 full bathroom, 835 sqft facing NW, 6th floor.
Asking $428,000
This is an assignment
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