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Pre-construction assignmentby Plaza
Commercial Property in Toronto
Unit B7 at 3101 Kennedy Road
Assignment Sale; Welcome to Brand New Commercial Retail Plaza Located At Kennedy/Mcnicoll. Available Approx. 734 Sq Ft of Ground Floor plus Mezzanine Level, Total Square footage as per builder is 1026 Sq feet. Huge Both Exposure With High Traffic On Kennedy rd and Mcnicoll Rd. This unit offers for any type of business subject to condo corp. By Laws. Excellent Opportunity To Start New Business Or Relocate., Excellent Exposure, High Density Neighborhood! Suitable For Variety Of Different Uses. Unit Is In Shell Condition, Tenant To Do All Lease Hold Improvements!
Toronto retail priced at $599,000 — book a tour to see if it fits your search.
How assignment sales work
What changes when you buy a builder contract instead of a finished home: HST, deposits, builder consent — each checked against its official source.
1
What an assignment is
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.
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.
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.
Ask before you offer
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.
Selling an assignment?
List it free with Summitly — your contact details stay private and a licensed agent handles every buyer.
From the listing remarksMLS® listings have no structured assignment fields, so these figures are read from the listing agent's description. We show only what it states clearly — confirm every number against the agreement of purchase and sale and the assignment agreement before you commit.
Builder
Plaza
“Welcome to Brand New Commercial Retail Plaza Located At Kennedy/Mcnicoll.”
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
3101 Kennedy Rd #B7 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E13517598$599,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 3101 Kennedy Rd #B7 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 3101 Kennedy Rd #B7. Typical times without traffic delays; transit times aren't available yet.
Book a tour of 3101 Kennedy Rd #B7 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4988.9%On average, homes sold at or above asking.
Active listings12,126Homes for sale here right now.
Median vs prior 90 days+1.8%Compared with Apr 23 – Jul 22, 2026: prices up.
Based on 9,509 sales from Jul 22 – Oct 20, 2026 (6,751 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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.
How much cash do I need to buy 3101 Kennedy Rd #B7?
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.
Is HST charged on an assignment sale?
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.
Does the builder have to approve an assignment?
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.
How much is 3101 Kennedy Rd #B7 listed for?
3101 Kennedy Rd #B7 is listed at $599,000 (MLS® E13517598). Summitly updates the price as soon as the MLS® record changes.
Has the price of 3101 Kennedy Rd #B7 changed?
No — 3101 Kennedy Rd #B7 is still listed at its original asking price of $599,000.
How many bedrooms and bathrooms does 3101 Kennedy Rd #B7 have?
The listing for 3101 Kennedy Rd #B7 doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 3101 Kennedy Rd #B7 close to transit?
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.
How does 3101 Kennedy Rd #B7 compare with other homes in Toronto?
Its asking price of $599,000 is about 29% below the median sold price in Toronto over the last 90 days, $845,000, across 9,509 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.
Where is 3101 Kennedy Rd #B7?
3101 Kennedy Rd #B7 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 3101 Kennedy Rd #B7 been on the market?
109 days — 3101 Kennedy Rd #B7 was listed on July 3, 2026.
