Pre-construction assignmentby H & H Group
Toronto, ON · M1V 3S8 · MLS® E12888782Updated
$740,000
3101 Kennedy Rd #B2 is a retail in Toronto, offered as an assignment of the builder's contract, listed for $740,000.
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Pre-construction assignmentby H & H Group
Assignment Sale; Welcome to Brand New Commercial Retail Plaza Gourmet City, is situated in Scarborough, at a strategic and convenient location at the SE quadrant of Kennedy Rd and McNicoll Ave, offering great exposure on Kennedy Rd, with direct access from Kennedy Rd and Milliken Blvd. This unit can for restaurant use. The development by H & H Group features a modern design with high quality finishes. ***Tax not yet assessed***
Toronto retail priced at $740,000 — book a tour to see if it fits your search.
What changes when you buy a builder contract instead of a finished home: HST, deposits, builder consent — each checked against its official source.
An assignment sale is when the original buyer of a new, not-yet-completed home (the assignor) sells their rights and obligations under the agreement of purchase and sale with the builder to someone else (the assignee), who then closes with the builder.
Source: GST/HST Notice 323: Proposed GST/HST treatment of assignment sales
Since May 7, 2022, all assignment sales of newly constructed or substantially renovated residential housing are taxable for GST/HST. For assignment agreements entered into after May 6, 2022, an amount that reimburses the assignor's deposit to the builder can be excluded from the taxable amount when the assignment agreement states that part of the price is for that deposit reimbursement.
Source: GST/HST Info Sheet GI-120: Assignment of a purchase and sale agreement for a new house or condominium unit; GST/HST Notice 323: Proposed GST/HST treatment of assignment sales
On a new condominium unit, the builder must hold deposit money in trust under the Condominium Act, and the new home warranty protects up to $20,000 if a deposit was not placed in trust. On a new freehold home, Tarion covers the deposit up to $60,000 on homes priced at $600,000 or less, and 10% of the price up to $100,000 above that.
Whether a unit can be assigned, and on what terms (for example the builder's written consent or an assignment fee), is set by the assignment clause of the original agreement of purchase and sale. Read that clause, with a lawyer, before you commit.
Checked against the sources above on 2026-09-25. Not legal or tax advice.
This listing's description doesn't state the original purchase price, how much deposit is paid, the occupancy date or the builder's assignment fee. The full package (the original agreement and deposit receipts) answers these.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Closed sales on the TRREB MLS®.
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From 3101 Kennedy Rd #B2. Typical times without traffic delays; transit times aren't available yet.
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Listing brokerage: BAY STREET GROUP INC., BrokerageMLS® E12888782 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Based on 9,511 sales from Jul 28 – Oct 26, 2026 (6,903 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
7 for sale · 8 for lease at 3101 Kennedy Rd.
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Yes. The listing describes it as an assignment: the original buyer is selling their contract with the builder, and the buyer who takes it over closes with the builder.
On an assignment you typically repay the original buyer's deposit and pay any markup when the assignment is signed, then pay the builder the balance at final closing, usually with a mortgage. This listing doesn't state enough figures to work out the amounts — ask for the full package.
Since May 7, 2022, assignment sales of new residential homes are taxable for GST/HST (CRA info sheet GI-120). The part of the price that reimburses the original buyer's deposit can be excluded from the taxable amount when the assignment agreement says so.
Usually the original agreement of purchase and sale sets whether the unit can be assigned and on what terms — often the builder's written consent and an assignment fee. Read that clause with a lawyer before you commit.
3101 Kennedy Rd #B2 is listed at $740,000 (MLS® E12888782). Summitly updates the price as soon as the MLS® record changes.
No — 3101 Kennedy Rd #B2 is still listed at its original asking price of $740,000.
The listing for 3101 Kennedy Rd #B2 doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Milliken GO Station (Stouffville GO), about 1.3 km (about a 17-minute walk) in a straight line. Agincourt GO Station is about 3.1 km, and Unionville GO Station is about 4.6 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $740,000 is about 12% below the median sold price in Toronto over the last 90 days, $840,000, across 9,511 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
3101 Kennedy Rd #B2 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
224 days — 3101 Kennedy Rd #B2 was listed on March 16, 2026.
