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AssignmentAssignment sale

Radio Arts Condos · 1 bed + den, Hamilton

1 bed + den · 1 bath · 538 sq ft · W

Asking price $679,990

Original price $679,990

In plain words

This is an assignment: you take over the original buyer's contract for Radio Arts Condos · 1 bed + den. You'd pay the seller about $102,000 when the assignment closes (their $102,000 deposit plus $0 profit) and you pay the builder the balance at final closing. We confirm every figure first.

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

Radio Arts Condos · 1 bed + den — photo 1
Radio Arts Condos · 1 bed + den — photo 2

Key facts

Asking price (assignment)
$679,990
Original purchase price
$679,990
Deposit paid
$102,000
Project
Radio Arts Condos
Builder
Canlight Realty
Type
1B+D
Bedrooms
1 bed + den
Bathrooms
1
Interior size
538 sq ft
Exposure
W
Parking
1
Locker
No
Builder consent
To be confirmed

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

The assignment math

What this assignment costs, in plain numbers

Figures as advertised, not yet verified. We confirm them before you offer.

Asking price
$679,990The assignment price: what you pay in total for this unit, before HST adjustments and closing costs.
Original purchase price
$679,990What the seller agreed to pay the builder. You take over this contract at this price.
Seller's profit
+$0Asking minus original price. You pay it to the seller, on top of their deposit.
Deposit paid
$102,00015%Already paid to the builder by the seller. You pay it back to them when the assignment closes.

Deposit schedule

  1. Paid to date$102,000Paid

Paid by the seller: $102,000 (15%)

What you’d pay at closing

An estimate in three steps: what you pay the seller now, what you owe the builder before closing, and what’s due at final closing. Change the settings to see your number.

1 · To the seller, when the assignment closesDeposit back plus their profit
$102,000
2 · Cash at final closingBalance less mortgage, plus land transfer tax and your costs
$44,073

Total cash you need, all-in$146,073

Mortgage at final closing: $543,992 · Land transfer tax: $10,075

Estimate only, not tax or legal advice. Land transfer tax is worked out on the full price you pay ($679,990); your lawyer confirms it. Occupancy fees and adjustments aren’t included. Built from figures as advertised; confirm with us.

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 Radio Arts Condos, Hamilton by Canlight Realty. 1 bath, about 538 sq ft, W exposure, 1 parking, no locker. Asking $679,990; original purchase price $679,990; $102,000 in deposits paid. 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.

Questions about this assignment

What happens to the deposit?

The seller has paid the builder $102,000 (15% of the original price). You pay that back to the seller when the assignment closes; it stays with the builder and counts toward your price. These figures are as advertised; we confirm them 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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