North Vancouver, BC Condo Reviews : 999 Old Lillooet Rd

999 Old Lillooet Rd, North Vancouver, BC -

999 Old Lillooet Rd
North Vancouver, BC

Add to Favorites Upload Photos Upload Video Map this Building Bird's eye View Street View

This building has been reviewed 1 times.

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 44yrs old and, as of April 2017, the strata does not have sufficient contingency to mitigate the potential expenditures outlined in the condo docs. • The depreciation report points to need of special levy's in 2016 and 2020. • Based on the current and budgeted CRF contribution, it appears the strata has elected the status quo funding method “Current 2014 funding scenario”. 2016 contribution level was $50K, and 2017 has increased to $64,500 due to expected higher maintenance cost • April 4, 2016 SGM approved roof replacement of one building (K) only. There are 13 buildings in the complex - If it cost $38K on one roof replacement, the remaining twelve will be approx. $456K, which will wipe out the current CRF. • Dec 2016 AGM: Perimeter drainage repair previously completed for the complex is inadequate and needs to be redone and cost upward of $45K. Again this is only being completed for one building (D) of 13 buildings. • Dec 2015 AGM: staircase behind building F is in need of repair due to wear and tear. Strata defeated motion to remove the stairs but also defeated motion to fix it for $10K. As of May 2017 - Unknown if they've chosen to repair this hazard. Do not rely upon this, all issues may have been addressed. You must complete our own due diligence.

Condo information courtesy of: dty2rprt

Report Inaccuracy

Reviews of 999 Old Lillooet Rd, :

dty2rprt

Visited a unit in this building

Overall Rating:
Conditions:
Maintenance:
Security:
Location:

"Was a potential owner"

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 44yrs old and, as of April 2017, the strata does not have sufficient contingency to mitigate the potential expenditures outlined in the condo docs. • The depreciation report points to need of special levy's in 2016 and 2020. • Based on the current and budgeted CRF contribution, it appears the strata has elected the status quo funding method “Current 2014 funding scenario”. 2016 contribution level was $50K, and 2017 has increased to $64,500 due to expected higher maintenance cost • April 4, 2016 SGM approved roof replacement of one building (K) only. There are 13 buildings in the complex - If it cost $38K on one roof replacement, the remaining twelve will be approx. $456K, which will wipe out the current CRF. • Dec 2016 AGM: Perimeter drainage repair previously completed for the complex is inadequate and needs to be redone and cost upward of $45K. Again this is only being completed for one building (D) of 13 buildings. • Dec 2015 AGM: staircase behind building F is in need of repair due to wear and tear. Strata defeated motion to remove the stairs but also defeated motion to fix it for $10K. As of May 2017 - Unknown if they've chosen to repair this hazard. Do not rely upon this, all issues may have been addressed. You must complete our own due diligence.

Was this review helpful for you? Yes No

Comment on this Review: