Assignment saleBuilder consent pending
$499,000Grand Festival Tower C · Vaughan
1 bed + den · 1 bath · 562 sq ft · E exposure · 2025-10
The numbers, plainly
- Original price with the builder
- $613,990
- Assignment price
- $499,000
- Deposit the seller already paid the builder
- $122,800 (20%)
- You pay the seller now
- $7,810
- You pay the builder at closing
- $491,190
You reimburse the seller's deposit plus their profit. Builder fees, HST and closing costs vary; your agent confirms the exact figures from the agreement.
Most builders must consent to an assignment and may charge a fee. Ask for the original agreement, all amendments and the deposit receipts. A licensed agent reviews these with you before any offer.
How do assignments work?About this suite
Assignment sale of a 1-bedroom + den 1b+d at Grand Festival Tower C, Vaughan by Menkes. 1 bath, about 562 sq ft, E exposure, no parking, no locker. Asking $499,000; original purchase price $613,990; $122,800 in deposits paid. Estimated occupancy: 2025-10. Details are as advertised and not yet verified by Summitly — ask our team to confirm the deposit, builder consent and closing costs before you offer.