Address: 2183 Lakeshore Boulevard W, Etobicoke, M8V 0B1
Neighbourhood: Humber Bay Shores
Price: $425,000.00 ++
Vitals: Incredible city skyline views, various suite sizes available + premium amenities
Why We Love Assignment Sales at Eau Du Soleil
Living in Humber Bay
Many may believe opportunity at Eau Du Soleil have passed, since the building is in the development stage, with the targeted occupancy date of February 2019 coming up quickly. But the increase in popularity of living in Humber Bay among professionals and young families make considering an assignment sale in this building worth considering.
Humber Bay is located just to the west of the downtown core and is a neighbourhood that is known for its community feel, top schools in the district and for being a family and pet-friendly area. Living here will provide you easy access to downtown Toronto while enjoying a quieter, more active lifestyle next to the lake and parks of the area. In addition to these benefits, you’ll also quickly fall in love with the incredible views of the Toronto skyline and the lake. Every amenity is at your doorstep, including grocery stores, restaurants, bars, cafes and shops.
Eau Du Soleil Amenities
With condo-living, we know that every square inch counts. The right floor plans and amenities can be a seamless extension of living space, and savvy condo hunters have a checklist of must-have facilities alongside great suite designs, finishes, and a sought-after location.
Eau Du Soleil condos features incredible amenities that go above and beyond the typical gym and BBQ area. Imagine swimming in the salt-water pool or spending your weekend on the outdoor landscaped terrace taking advantage of BBQs and cabanas. Growing families and downsizers will appreciate a spacious kid’s play area, and those looking to unwind or stay active will gravitate towards the fitness rooms, treatment area and stunning Sky and Water lounges. You’ll also find top of the line security systems, 24-hour concierge, and even a pet washing station!
Benefits of an Assignment Sale
An assignment is a sales transaction where the original buyer of a property (the “assignor”) allows another buyer (the “assignee”) to take over the buyer’s rights and obligations of the Agreement of Purchase and Sale, before the original buyer closes on the property (that is, where they take possession of the property). The assignee is the one who ultimately completes the deal with the seller. In other words, an assignment clause allows the buyer of a home to sell the place before they take possession of it.
There are many benefits of an assignment sale, particularly when a pre-construction building is sold out and there is still demand for purchase. Investors can turn around and sell their condo they’ve purchased early on via an assignment sale making a profit, and the buyer has the opportunity to get into a desirable building while still getting a discount on the occupied price.
There are a lot of ins and outs surrounding assignment sales so ensure you’re working with a realtor who knows what to look out for in these contracts. That’s our best advice – these are not the typical real estate transactions as more scrutiny is put on the original contract to ensure levies are capped, rights to lease are included and many other items that could affect the end-user are included.