We just listed an assignment at SkyTower, Pinnacle One Yonge VIEW FULL LISTING HERE — and the gap between the original purchase price and today's asking price is one of the largest we've seen on an active listing this year.
The Building
SkyTower sits at 1 Yonge Street, right where the city meets the waterfront, and it now holds the title of Canada's tallest residential building at 106 storeys and 351.4 metres. Hariri Pontarini Architects designed the tower as the centrepiece of the larger Pinnacle One Yonge master-planned community, with occupancy scheduled for fall 2026.
The building is split into four residential tiers — Signature, Landmark, Vista, and SkyVilla — each with floor-to-ceiling windows and finishes built around the lake and skyline views. It also connects directly into the PATH system, which puts residents a few minutes' walk from Union Station and the Financial District without ever stepping outside.
Amenities run over 80,000 square feet and include a Le Méridien hotel across the first ten floors, a 106th-floor restaurant with 360-degree views, a rooftop pool and hot tub, a full fitness centre and yoga studio, co-working space, private guest suites, a kids' zone, and outdoor terrace and BBQ areas. For a deeper look at the building and its unit collections, our sister site oneyongeskytower.com covers the pre-construction side of the project in more detail.
The Unit
Size: 655 sq ft
Layout: 1 bedroom, 1 bathroom, no den
Developer: Pinnacle International
Listing price: $655,000
Original purchase price: $929,900
That's a $274,900 difference between what the original buyer paid and what this unit is listed for today — close to 30% below the original contract price. Assignment pricing like this usually comes down to a combination of deposits already paid, closing timeline, and how motivated the original purchaser is to move on before occupancy. We're not publishing exact deposit and profit figures here since they shift unit-to-unit and deal-to-deal — reach out to our team directly for the full breakdown on this one.
Why Assignment Pricing Can Move This Much
If a price gap like this looks surprising, it's worth understanding how assignment sales actually work. Because most developer agreements restrict public marketing until the building's own sales program wraps up, assignments generally can't be listed on MLS the way a resale would be — which limits exposure and can affect pricing more than the unit itself does.
Every assignment also needs builder consent before it can close, so the price you see reflects not just the unit and the market, but the assignor's timeline and what they need to walk away with once consent, legal fees, and any assignment fee charged by the builder are factored in.
Is This the Right Fit for You?
A 655 sq ft one-bedroom at Canada's tallest residential address suits a fairly specific buyer — someone who wants downtown waterfront living with hotel-level amenities and doesn't need a second bedroom or den. If that's you, the combination of a near-$275,000 discount off original price and a fall 2026 occupancy window is worth a closer look before it moves.
Interested in this unit or want the full financial picture — deposits paid, additional deposits required, and estimated closing costs? Contact our assignment specialist directly:
Carlos Gonzalez carlos@remaxpluscity.com 416-890-1240
Or browse our full inventory of active condo assignment listings across the GTA.
Listing details are current as of publish date and subject to change. Confirm price, availability, and deposit/closing figures directly with our team before making any decisions.
