This development consists of a 2 and 6-storey buildings, containing a total of 135 residential suites, a townhouse block containing a total of 10 residential units, and a one level underground parking garage.
The Condominium Corporation retained the services of McIntosh Perry to carry out a Performance Audit to determine whether there are warrantable deficiencies present in the common element roof systems, exterior walls, interior areas, mechanical and electrical equipment or services, parking garage, and hard landscaping. The assessment provides documentation of the condition of the common element components with the requirements detailed in the construction documents and the Building Code. A detailed report was provided with the observations made during our visual assessment of the various components of the development, together with conclusions regarding the acceptability of the construction and the significance of any construction deficiencies observed to be present. The report forms a claim to Tarion under the Ontario New Homes Warranty Plan Act in Ontario.
A Class 1 Reserve Fund Study is based on both the physical analysis of the common elements and a financial analysis of the available funds. A comprehensive review of financial and reserve expenditures and financial analysis were conducted. A Reserve Fund Study report was issued including a 30-year, 45-year, and 60-year cash flow schedules of reserve funding of the predicted capital and maintenance cost expenditures.
Location: Markham, ON
Client: York Region Standard Condominium Corporation 1406
Status: Ongoing – Estimated Completion 2021
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