Please Login/Register to leave a review
999 Old Lillooet Rd.
North Vancouver, BC
Rate & Review
April 2017 Complete your own due diligence when looking at purchasing one of these units make sure you have the ability to weather special levy's It appears the strata is taking approach of fixing issues as they come up The subject is 44 yrs old and as of April 2017 the strata does not have sufficient contingency to mitigate the potential expenditures outlined in the condo docs â€ The depreciation report points to need of special levy's in 2016 and 2020 â€ Based on the current and budgeted CRF contribution it appears the strata has elected the status quo funding method " Current 2014 funding scenarioâ€ 2016 contribution level was 50 K and 2017 has increased to 64 500 due to expected higher maintenance cost â€ April 4 2016 SGM approved roof replacement of one building K only There are 13 buildings in the complex If it cost 38 K on one roof replacement the remaining twelve will be approx 456 K which will wipe out the current CRF â€ Dec 2016 AGM Perimeter drainage repair previously...
You have reviewed this property already. It is pending review. Stay tuned