Forum Replies Created

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of jlmonksjlmonks
    Member
    @jlmonks
    Join Date: 2011
    Post Count: 3
    April 11, 2011 - 7:06 am

    <font color=”#000000″>No figure on the building insurance but I assumed it may be included in the maintenance fees. All the things it covers seems to be line with other apartments we've previuosly looked at. It's definitely not a $2mill apartment. We're just trying to break into the market.</font>

    Profile photo of jlmonksjlmonks
    Member
    @jlmonks
    Join Date: 2011
    Post Count: 3
    April 11, 2011 - 5:22 am

    Thanks for these comments. These are the prices listed on the section 32 I received. Complete list below

    Common water – $450 quarterly
    Fire Hydrant testing – $1800 bi-annually
    Light testing – $1400 bi-annually
    Fire alarm monitoring – 1400 quarterly
    Power supply common area – $13,000 quarterly
    Lift maintenance – $10,000 quarterly
    Essential services inspection – $992 quarterly
    Garage door maintenance – $860 bi-annual
    Caretaking/maintenance – $20,000 monthly – 3 days per week, no-one on site vacuming corridors, 3-5 small trees out the front
    Lift/alarm monitoring – $1350 monthly
    Maintenance of mechanical services – $720 quarterly

    There are 60 apartments in the block, 1 lift to 4 floors. Building is about 6 years old.

    I was thinking I could do the caretaking on weekends and pay off the mortage in under 2 years. LOL

Viewing 2 posts - 1 through 2 (of 2 total)