Pre-construction assignmentby H & H Group
Toronto, ON · M1V 3S8 · MLS® E13530246Updated
$790,000
3101 Kennedy Rd #A3 is a retail in Toronto, offered as an assignment of the builder's contract, listed for $790,000.
Asking price
Ask an advisor
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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*** Restaurant use. has tenant with 5 year lease. must assume the lease
Toronto retail priced at $790,000 — 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.
List it free with Summitly — your contact details stay private and a licensed agent handles every buyer.
List freeEvery detail from the listing, in one place.
Lot & land
Listing & possession
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.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Closed sales on the TRREB MLS®.
Full Toronto market reportTransit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
From 3101 Kennedy Rd #A3. Typical times without traffic delays; transit times aren't available yet.
Book a tour of 3101 Kennedy Rd #A3 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.
Ask about 3101 Kennedy Rd #A3 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Listing brokerage: WANTHOME REALTY INC., BrokerageMLS® E13530246 · 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.
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.
Other homes for sale in Toronto around $790K.
Homes for sale in Toronto
Every active Toronto MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
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.
7 for sale · 8 for lease at 3101 Kennedy Rd.
Stations and stops, straight-line distance
Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.
Loading schools, parks, groceries and more nearby…
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.
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 #A3 is listed at $790,000 (MLS® E13530246). Summitly updates the price as soon as the MLS® record changes.
No — 3101 Kennedy Rd #A3 is still listed at its original asking price of $790,000.
The listing for 3101 Kennedy Rd #A3 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 $790,000 is about 7% 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.
3101 Kennedy Rd #A3 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
106 days — 3101 Kennedy Rd #A3 was listed on July 6, 2026.
