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AssignmentAssignment sale

NUVO 2 · 1 bed + den, Oakville

1 bed + den · 2 bath · 603 sq ft · N

Asking price $550,000

Original price $605,000 · −$55,000

In plain words

This is an assignment: you take over the original buyer's contract for NUVO 2 · 1 bed + den. The asking price is $550,000, $55,000 below the original price of $605,000 and you pay the builder the balance at final closing (estimated occupancy: April 2025). We confirm every figure first.

Details as advertised — not yet verified. Our team confirms the deposit, builder consent and closing costs before you offer.

NUVO 2 · 1 bed + den — photo 1
NUVO 2 · 1 bed + den — photo 2

Key facts

Asking price (assignment)
$550,000
Original purchase price
$605,000
Estimated occupancy
2025-04
Project
NUVO 2
Builder
FERNBROOK CRYSTAL HOMES
Type
1B+D
Bedrooms
1 bed + den
Bathrooms
2
Interior size
603 sq ft
Exposure
N
Parking
1
Locker
Yes
Builder consent
To be confirmed

Builder consent pending — the suite number and exact floor are shared once permission is confirmed.

Occupancy and closing dates

  1. Estimated occupancy2025-04

Between occupancy and final closing you can move in and pay the builder a monthly interim occupancy fee. It isn’t rent toward the price.

To be confirmed
Builder assignment fee
Not stated
Who pays it
To be confirmed
Assignable
To be confirmed

Most builders must approve an assignment and charge a fee; nothing is final until they consent in writing. If the builder refuses, the assignment can’t go ahead.

Summary

Assignment sale of a 1-bedroom + den 1b+d at NUVO 2, Oakville by FERNBROOK CRYSTAL HOMES. 2 baths, about 603 sq ft, N exposure, 1 parking, locker. Asking $550,000; original purchase price $605,000. Estimated occupancy: 2025-04. 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.

Please read

  • Brokerage. Enquiries are handled by Coldwell Banker Summit Realty, Brokerage, which may represent you as the buyer. Any agency relationship is confirmed in writing before an introduction. All contact goes through Summitly; we don't share the seller's identity or contact details.
  • Seller information. Details are as advertised and not yet verified; we confirm the deposit, builder consent and costs before you offer.
  • Builder consent required. An assignment usually needs the builder’s written consent and may carry a fee and conditions.
  • Tax. The CRA treats an assignment as a taxable supply: GST/HST may apply to the seller's profit, and the new-housing rebate can change who pays what (GST/HST Info Sheet GI-120). Ask your lawyer and tax advisor how it applies to you.
  • Not an offer. This page is not an offer to sell. Prices, dates and figures can change; land transfer tax and income-tax treatment depend on your situation. Get legal and tax advice.

New to assignments?

You take over the original buyer’s contract with the builder before closing: you repay their deposit, pay any difference in price, and close with the builder.

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