861 Sheppard Ave W #61 BlkB is a 2-bedroom, 2-bathroom condo townhouse in Toronto, offered as an assignment of the builder's contract, listed for $755,950. It has 1000-1199 sq ft of living space.
1Rare opportunity to own Luxury Brand New Townhouse at Sheppard Subway Below Market Value.
2Greenwich Village Towns Soho Model. 1010 Sqft Of Modern Luxury.
3Building Amenities Include Indoor Amenity Space, Bike Storage, Visitor Parking.
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2 Bed, 2 Bath Condo Townhouse in Toronto
Unit 61 BlkB at 861 Sheppard Avenue West
Location! Location! Location! Rare opportunity to own Luxury Brand New Townhouse at Sheppard Subway Below Market Value. Greenwich Village Towns Soho Model. 1010 Sqft Of Modern Luxury. Assignment Sale. 2 Bedrooms, 2.5 Bathrooms Across 2 Floors, Balcony, Parking & Lo. 9 Ft Ceilings, Natural Oak Staircases, Wide Plank Laminate Or Porcelain Flooring, European-Style Cabinetry In Kitchen & Breathtaking Bathrooms. Building Amenities Include Indoor Amenity Space, Bike Storage, Visitor Parking. Close To T.T.C., Yorkdale, Downsview Park, Allen Rd & Hwy 401!You Can Catch The Go Train, Go Bus To Yorkdale, By Car Is A Short Distance To Expressway And Hwy 401. * Excellent Health Facilities: Humber River, St John's Rehab & Sunnybrook Hospital. * Superb Shopping Minutes Away: Yorkdale, Toronto's Most Popular Mall & Costco. * * Underground Parking and Locker Included *
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $756 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
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.
Parking
Included
“* * Underground Parking and Locker Included *”
Locker
Included
“* * Underground Parking and Locker Included *”
Type
Condo Townhouse
Style
3-Storey
Living space
1000-1199 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Condo Townhouse
861 Sheppard Ave W #61 BlkB Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13497766$755,950
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 861 Sheppard Ave W #61 BlkB 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 861 Sheppard Ave W #61 BlkB. Typical times without traffic delays; transit times aren't available yet.
Book a tour of 861 Sheppard Ave W #61 BlkB with a licensed buyer's agent
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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.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $756K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5116.9%On average, homes sold at or above asking.
Active listings13,581Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 15 – Aug 13, 2026: prices down.
Based on 9,266 sales from Aug 13 – Nov 11, 2026 (7,225 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for rent at 861 Sheppard Ave W — plus its sale and lease history.
Is 861 Sheppard Ave W #61 BlkB an assignment sale?
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 861 Sheppard Ave W #61 BlkB?
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 861 Sheppard Ave W #61 BlkB listed for?
861 Sheppard Ave W #61 BlkB is listed at $755,950 (MLS® C13497766). Summitly updates the price as soon as the MLS® record changes.
Has the price of 861 Sheppard Ave W #61 BlkB changed?
No — 861 Sheppard Ave W #61 BlkB is still listed at its original asking price of $755,950.
How many bedrooms and bathrooms does 861 Sheppard Ave W #61 BlkB have?
861 Sheppard Ave W #61 BlkB has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo townhouse in Toronto.
Is 861 Sheppard Ave W #61 BlkB close to transit?
The nearest rapid-transit station is Sheppard West Station (Line 1), about 760 m (about a 9-minute walk) in a straight line. Downsview Park Station is about 2.0 km (about a 25-minute walk), and Wilson Station is about 2.0 km (about a 25-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 861 Sheppard Ave W #61 BlkB compare with other homes in Toronto?
Its asking price of $755,950 is about 10% below the median sold price in Toronto over the last 90 days, $840,000, across 9,266 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 861 Sheppard Ave W #61 BlkB?
861 Sheppard Ave W #61 BlkB is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 861 Sheppard Ave W #61 BlkB been on the market?
137 days — 861 Sheppard Ave W #61 BlkB was listed on June 27, 2026.
Does 861 Sheppard Ave W #61 BlkB have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
