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| Real-Estate & Development This forum looks at specific real estate projects and developments - past, present, and future - in the Edmonton area. Here’s where to look for updates on developments, read about new projects, suggest improvements to buildings or other projects. |
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#1 |
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First One is Always Free
Join Date: Aug 2010
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I'm thinking of buying a condo in this building.
Does anyone know anything about this building and whether buying a unit would be a good idea? |
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#2 |
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Addicted to C2E
Join Date: Dec 2009
Location: Downtown Edmonton
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Is that the 30-40 suite building? If so, it was built by the Challenge Group about 10 years ago, same company that built Spirit Ridge, River Grande and Wolf Willow Manor. They're a good builder and as far as I know their projects are typically pretty problem free (there's always something), and they employ good subtrades. And I'm not just saying that because Petrin Mechanical was one of them
As usual do your due diligence, check the condo documents and financials, review the reserve fund study, and if you see an owner while viewing the suite do your best to pump them for information, but take it with a grain of salt as many people are stunningly ignorant about the operations of their own building. |
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#3 |
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First One is Always Free
Join Date: May 2010
Location: Edmonton
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I live just two blocks from that place.
I don't know anyone that is living there though, and I don't know anything about the building itself. I always notice they keep the grounds really nice. Of course you would expect that of a condo but you would be surprized sometimes. That one stands out because the lawn is always kept up, a beautiful green, leaves raked in the autumn, etc. You're only one block away from Safeway! *food is good, yes* |
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#4 |
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First One is Always Free
Join Date: Dec 2008
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I have friends in that building. I'm told that the board is efficient and fiscally conservative and has really worked hard to have a good reserve fund, a well maintained building and good services while at the same time keeping condo fees as low as possible. The building is in excellent shape and has no major problems, I'm told. It always looks good, I think, because it is a +30yo building, has very few renters and the owners (the majority are +45) really feel that the common areas and landscaping are part of their home. I'm thinking about moving into the building myself as soon as one of the smaller units comes on the market.
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#5 |
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Addicted to C2E
Join Date: May 2010
Location: St. Albert, Alberta
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anyone have a photo of said building?
__________________
Go A Little Taller Please. |
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#6 |
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First One is Always Free
Join Date: Aug 2010
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Sorry no photo but thanks everybody for the info.
It helps with my decision making. |
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#7 |
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Addicted to C2E
Join Date: Mar 2006
Location: The Big E
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@Condobuyer - check out this link below , as it's got a clickable pic of the condo building you might have in mind. It's actually part of a realtor's website, and although the suite in the link's already apparently sold, it may at least give you an idea what it's like inside one of the suites.
http://www.paulblais.ca/listing-deta...bedroom-condo/ This is just a couple of blocks north of the Shopper Drug Mart on Jasper and 114 St.
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Is there hope for Edmonton? Yes!!! |
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#8 |
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First One is Always Free
Join Date: Aug 2010
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Thanks for the photo. I have been in a few suites and really liked them. I'm just hedging because I don't know if the price being asked is fair. Probably is (just spending all that money makes me jittery) and the feedback certainly has been good.
Buying a place is always a big decision. |
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#9 |
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Addicted to C2E
Join Date: May 2010
Location: St. Albert, Alberta
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ah, i've seen that b4
__________________
Go A Little Taller Please. |
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#10 |
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Partially Addicted to C2E
Join Date: May 2010
Location: Oliver area
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I have been living in Oliver on the Park for 4 and half years. What do you want to know!!!
Last edited by murphys; 18-08-2010 at 07:48 PM.. |
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#11 |
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Addicted to C2E
Join Date: May 2010
Location: St. Albert, Alberta
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@murphys.....is it quiet there? no paper walls and floors? loud parties? car thefts?
__________________
Go A Little Taller Please. |
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#12 | |
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Partially Addicted to C2E
Join Date: May 2010
Location: Oliver area
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Quote:
Well that depends. I live on second floor facing courtyard and I am close to the main back door, so I get the sound of the door shutting firmly, I also have to listen to the big garbage trucks on Mondays and Thursdays, but I work so it isn`t too often I am home on these days. There has been an apartment getting renovated into condos across the street that has a big dumpster that been bit bothersome because of dumpster divers, but it is just about finished and will be removed. So in other words it depends on which way you face. Best to face the front or the Kinnard Park. The builiding itself is very quiet and is very well maintained. I live in the smallest unit 733 sq. ft., but I have everything I want, hardwood floors, air conditioning (not all units have this),gas fireplace, garburetor. I like being so close to Oliver Square and I walk to work downtown. Anything else you want to know!!! Very friendly people live here too!!! |
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#13 |
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Partially Addicted to C2E
Join Date: May 2010
Location: Oliver area
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I forgot to tell you, we did have a couple of cars broken into in our underground parking about 3 years ago, but that was because someone living here was careless and when leaving the parkade didn`t wait until the door shut before driving away. There are good number of retirees living here and some of them do some maintenance and are on the condo board and from what I hear generally keep an out for anything suspicous that should be reported.
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#14 | |
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Addicted to C2E
Join Date: Dec 2009
Location: Downtown Edmonton
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Quote:
Unfortunately car break-ins can happen in virtually any condo building if someone pulls away from the door before it's closed, has their opener stolen, and so on. If people living in the building are doing work on it, and this applies to any condo, I certainly hope the board is aware of the legal liabilities involved and is carrying some form of insurance. Even for something like clearing snow it's often not worth it to save a few hundred bucks a month and have suite owners doing it, because there's a one in a million chance that someone will slip, fall, and sue the association which may or may not have sufficient liability insurance. |
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#15 |
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First One is Always Free
Join Date: Dec 2008
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by +30yo build I mean residency is restricted to persons 30yo and up.
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#16 |
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Addicted to C2E
Join Date: Dec 2009
Location: Downtown Edmonton
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Ah, I misunderstood, thanks.
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#17 | ||
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Partially Addicted to C2E
Join Date: May 2010
Location: Oliver area
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Quote:
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#18 |
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First One is Always Free
Join Date: Aug 2010
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I have been in the building 4.5 years and on the board for nearly 4 years. The board is very responsible and committed, and our reserve fund is healthy and growing.
We have not had a security incident for almost two years, and those in the past were restricted to minor thefts from the parking gagage. We have taken a number of steps to enhance security over the years. The average age of the residents is dropping as younger people move in. However, the board and management company vigorously enforce the over 30 age provision. The suite walls are very well insulated, and I never hear sound from adjacent suites. Of course, you can hear footsteps from a neighbor above you if you are not on the top floor, but the extent of noise will depend on your neighbor's flooring materials and personal habits. Exterior noise from occasional sirens and pedestrians is a fact of life in the city. Car traffic is not much of an issue, as we are on a quiet street. |
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#19 |
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Addicted to C2E
Join Date: Apr 2007
Location: Edmonton, Alberta, Old Strathcona
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#20 |
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Addicted to C2E
Join Date: May 2010
Location: St. Albert, Alberta
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^^^ i suppose it's like those over 45 condos on the market....you just have to give proof of age like at the bar if you just turned 18.
__________________
Go A Little Taller Please. |
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#21 |
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Addicted to C2E
Join Date: Apr 2007
Location: Edmonton, Alberta, Old Strathcona
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I don't understand how it can be legally enforced. You can't legally stop someone from purchasing real-estate because they are too young/old for your artificially created age threshold, can you?
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#22 |
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Addicted to C2E
Join Date: Feb 2006
Location: Edmonton
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^Can you restrict pets in buildings with certain bylaws?
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#23 |
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Addicted to C2E
Join Date: Apr 2007
Location: Edmonton, Alberta, Old Strathcona
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#24 |
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Addicted to C2E
Join Date: Oct 2007
Location: Oliver
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Anyone can own the property. Residing in it (and therefore accessing/using the common property shared by all of the owners of the condo) requires you becoming party to an additional agreement (the condo bylaws). Said agreement will also lay out the consequences of infractions.
__________________
www.amokphoto.ca |
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#25 | |
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Addicted to C2E
Join Date: Apr 2007
Location: Edmonton, Alberta, Old Strathcona
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Quote:
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#26 |
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Addicted to C2E
Join Date: May 2007
Location: Edmonton, Alberta
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^there is no discrimination by age when you sign an agreement saying that you will respect the wishes of other residents and behave in the manner they have decided to behave.
If you don't want to live in an adult building with an age restriction, then don't live in one. We don't have to discrimnate against those who do want that option though by outlawing their choice. |
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#27 |
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Addicted to C2E
Join Date: Apr 2007
Location: Edmonton, Alberta, Old Strathcona
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But again, would courts enforce these age limitations? I think it would be quite easy to make a case against them if someone had enough time/money on their hands.
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#28 |
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First One is Always Free
Join Date: Aug 2006
Location: Edmonton
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The Charter wouldn't affect this particular case. It only restricts the ability of governments to act in certain ways, i.e. the ability to discriminate based on grounds like age, sex etc. You'd have to check with the local Alberta Human Rights legislation to see if there is a bar against discrimination on age in matters such as housing. Plus you would also need to distinguish between situations of renting and owning. There are probably more restrictions on the ability of a landlord to refuse to rent to someone based on age than there are on the ability of a condo board to enforce sales covenants meant to maintain a certain age bracket within the building.
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#29 |
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First One is Always Free
Join Date: Aug 2010
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On a general note, there are housing complexes all over Canada and the USA that have minimum age restrictions, especially for seniors or near seniors (e.g., 55+).
With respect to Alberta, if you look under the FAQ: Condominium Corporations section of the Alberta Human Rights and Citizenship Commission website (www.albertahumanrights.ab.ca), you will find the following question and answer: Q: Can condominium corporations restrict use of facilities based on age? A: Yes. Age is not a protected ground under Section 4 of the HRCM Act. |
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