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    Report Details & Analysis

    Highlights

    Bylaws

    As of July 2026, short-term rentals under 30 days are prohibited with significant fines, there are no restrictions on the number or duration of residential rentals beyond this, and smoking is banned throughout all units and common areas.

    Water & Leaks

    The building has experienced frequent in-suite leaks from 2024 to 2026, leading to significant insurance claims, owner chargebacks, and ongoing legal disputes, with owners held fully liable for water damage under a strict Water Damage Bylaw and a $100,000 insurance deductible.

    Projects & Special Levies

    Four shared electric vehicle chargers were installed in 2024 with usage managed through the Unico portal and a $1 per minute idle fee, while a $980,000 special levy and $320,000 from the Contingency Reserve Fund were approved in 2024 to fund townhouse roof and deck renewals scheduled to begin in July 2025.

    Elevators

    As of 2025, mandatory elevator testing and emergency phone system upgrades are ongoing, with comprehensive elevator modernization planned for 2026-2027 and significant related expenditures projected through 2035.

    Building Envelope

    The building envelope is undergoing major renewal, with townhouse and podium roof and deck replacements underway in 2026, ongoing balcony membrane refurbishment, and exterior sealant replacement completed in 2023; further phased roof and membrane projects are scheduled through 2028 to address aging components and maintain integrity.

    Mechanical & Electrical Systems

    The building's mechanical systems are proactively maintained, with recent upgrades including a new Direct Digital Controls HVAC system commissioned in 2025 and hot-water circulation improvements completed in 2024. The electrical system is in good condition, with four shared EV chargers installed in 2024 and a BC Hydro meter upgrade pending.

    Bylaws

    As of July 2026, short-term rentals under 30 days are prohibited with significant fines, there are no restrictions on the number or duration of residential rentals beyond this, and smoking is banned throughout all units and common areas.

    Water & Leaks

    The building has experienced frequent in-suite leaks from 2024 to 2026, leading to significant insurance claims, owner chargebacks, and ongoing legal disputes, with owners held fully liable for water damage under a strict Water Damage Bylaw and a $100,000 insurance deductible.

    Projects & Special Levies

    Four shared electric vehicle chargers were installed in 2024 with usage managed through the Unico portal and a $1 per minute idle fee, while a $980,000 special levy and $320,000 from the Contingency Reserve Fund were approved in 2024 to fund townhouse roof and deck renewals scheduled to begin in July 2025.

    Elevators

    As of 2025, mandatory elevator testing and emergency phone system upgrades are ongoing, with comprehensive elevator modernization planned for 2026-2027 and significant related expenditures projected through 2035.

    Bylaws

    As of July 2026, short-term rentals under 30 days are prohibited with significant fines, there are no restrictions on the number or duration of residential rentals beyond this, and smoking is banned throughout all units and common areas.

    Water & Leaks

    The building has experienced frequent in-suite leaks from 2024 to 2026, leading to significant insurance claims, owner chargebacks, and ongoing legal disputes, with owners held fully liable for water damage under a strict Water Damage Bylaw and a $100,000 insurance deductible.

    Projects & Special Levies

    Four shared electric vehicle chargers were installed in 2024 with usage managed through the Unico portal and a $1 per minute idle fee, while a $980,000 special levy and $320,000 from the Contingency Reserve Fund were approved in 2024 to fund townhouse roof and deck renewals scheduled to begin in July 2025.

    Elevators

    As of 2025, mandatory elevator testing and emergency phone system upgrades are ongoing, with comprehensive elevator modernization planned for 2026-2027 and significant related expenditures projected through 2035.

    Building Envelope

    The building envelope is undergoing major renewal, with townhouse and podium roof and deck replacements underway in 2026, ongoing balcony membrane refurbishment, and exterior sealant replacement completed in 2023; further phased roof and membrane projects are scheduled through 2028 to address aging components and maintain integrity.

    Mechanical & Electrical Systems

    The building's mechanical systems are proactively maintained, with recent upgrades including a new Direct Digital Controls HVAC system commissioned in 2025 and hot-water circulation improvements completed in 2024. The electrical system is in good condition, with four shared EV chargers installed in 2024 and a BC Hydro meter upgrade pending.

    The Timeline Narrative

    JanuaryJan2023
    01 / 15
    Speed
    1x
    Click items to see more details
    Building envelope

    Tower 1 resealed

    Exterior caulking and sealant replacement for Tower 1 finished, with Tower 2 work planned for spring/summer under Maxwell Engineering to protect the envelope from water ingress.

    Electric vehicle charging plans

    EV bylaw prepared

    Council reviewed an electric vehicle charging bylaw to include with the next general meeting notice, starting formal planning for shared EV infrastructure.

    Fire safety

    Sprinkler valves replaced

    Dry sprinkler valves in both towers are being replaced and council is pricing a new non‑proprietary fire panel to improve long‑term serviceability.

    Insurance

    High water deductible

    Insurance with Summit was confirmed, including a $100,000 water damage deductible and a bylaw making owners fully liable for in‑suite leaks and related deductible costs.

    Legal and civil resolution

    No legal actions

    There were no legal proceedings or litigation against the strata, indicating a clean legal slate at the start of 2023.

    Mechanical systems

    Key mechanical repairs

    Council addressed a failed steam trap at the upper zone heat exchanger, reviewed hot water issues on the 8th floor, and began replacing end‑of‑life penthouse heat pumps.

    Security

    Active security patrols

    Monthly security patrols continued and the strata targeted short‑term rental violations with fines up to $1,000, while adding protection to the gas meter enclosure.

    Press play to hear the story

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    Unit Overview

    Form B

    The following information is extracted from uploaded Form B document(s) and is specific to Strata Lot 281
    Monthly Strata Fee
    $530
    Outstanding Strata Balance
    $0
    Future Levy Obligation
    $0
    Parking Slot
    Storage Locker

    Evaluations

    Estimated Monthly Rental
    $2,700
    -
    $2,820
    Comparable Rental Units
    Jun 09, 2026
    1200 MAIN ST
    $2,900
    1
    1
    600 sqft
    Built in 1998
    Feb 22, 2026
    1200 MAIN ST
    $2,550
    1
    1
    601 sqft
    Built in 1998
    Jun 25, 2026
    1200 MAIN ST
    $2,850
    1
    1
    592 sqft
    Built in 1998
    Jan 08, 2026
    1288 MAIN ST
    $2,700
    1
    1
    585 sqft
    Built in 1998
    Apr 09, 2026
    555 SECOND ST
    $2,980
    1
    1
    589 sqft
    Built in 1996
    Nov 09, 2025
    1331 THIRD ST
    $2,750
    1
    1
    589 sqft
    Built in 1999
    Nov 09, 2025
    1328 FOURTH ST
    $2,500
    1
    1
    576 sqft
    Built in 2003
    Nov 09, 2025
    1166 FIFTH ST
    $2,990
    1
    1
    506 sqft
    Built in 1997
    Oct 30, 2025
    588 SIXTH ST
    $2,500
    1
    1
    589 sqft
    Built in 1995
    Nov 09, 2025
    1420 MAIN ST
    $2,625
    1
    1
    550 sqft
    Built in 2002
    Nov 09, 2025
    588 SEVENTH ST
    $3,500
    1
    1
    600 sqft
    Built in 1995
    Nov 09, 2025
    1189 SECOND ST
    $2,750
    1
    1
    604 sqft
    Built in 1999
    Nov 09, 2025
    1239 MAIN ST
    $2,650
    1
    1
    681 sqft
    Built in 1999
    Nov 09, 2025
    819 FIFTH ST
    $2,600
    1
    1
    600 sqft
    Built in 1998
    Nov 09, 2025
    1331 MAIN ST
    $2,700
    1
    1
    535 sqft
    Built in 1997
    Confidence Level: HIGH
    Updated: 
    Nov 10, 2025
    Powered By
    OFFERLAND
    BC Assessment
    $700,000
    For Year 2026
    Estimated Gross Tax
    $2,000
    For Year 2026

    Financial

    Contingency Reserve Fund
    $712,450
    Dec 28, 2025

    Insurance

    Earthquake Deductible
    $100,000
    Or
    10%
    Dec 01, 2025Dec 01, 2026
    Flood Deductible
    $50,000
    Dec 01, 2025Dec 01, 2026
    Water Deductible
    $100,000
    Dec 01, 2025Dec 01, 2026

    Budgets

    Building Budget
    $3,925,000
    Jan 01, 2025Dec 31, 2025
    Reserve Fund Contribution
    $467,500
    Jan 01, 2025Dec 31, 2025
    Insurance Budget
    $596,750
    Jan 01, 2025Dec 31, 2025
    Management Fee Budget
    $143,000
    Jan 01, 2025Dec 31, 2025
    Repair & Maintenance Budget
    $1,103,157
    Jan 01, 2025Dec 31, 2025
    Utilities Budget
    $928,395
    Jan 01, 2025Dec 31, 2025

    Meeting Minutes

    Special LevyIMPORTANT

    A $980,000 special levy plus a $320,000 Contingency Reserve Fund draw was approved at the May 2025 AGM for townhouse roof and deck renewals ($1.3 million total). Owners paid in two installments (September and October 2025), with construction beginning July 2026. As of mid-2026 the levy is largely collected, so most of the financial impact is already behind owners.
    Compared to similar buildings

    A little behind most similar nearby buildings here - with the $980,000 levy already collected and a much larger Phase II renewal still ahead, this building carries more upcoming special-levy exposure than comparable stratas nearby, many of which have already finished their roof and envelope programs and now sit with no major levies pending.

    Compared to similar buildings

    A little behind most similar nearby buildings here - with the $980,000 levy already collected and a much larger Phase II renewal still ahead, this building carries more upcoming special-levy exposure than comparable stratas nearby, many of which have already finished their roof and envelope programs and now sit with no major levies pending.

    Electric Vehicle Charging Plans

    Four shared EV chargers were installed in 2025, funded by government rebates and the Contingency Reserve Fund. Residents register with Unico Power, and a $1/minute idle fee applies to vehicles left after charging. The council actively manages the system and is reviewing user fees; as of mid-2026 there are no expansion plans, and the infrastructure is fully operational.
    Compared to similar buildings

    Ahead of most similar nearby buildings here - with four chargers already installed and running under managed access and idle-fee rules, this building is past the assessment stage that most comparable stratas nearby are still in, where EV plans typically remain limited to feasibility studies or electrical-capacity reviews rather than live chargers.

    Compared to similar buildings

    Ahead of most similar nearby buildings here - with four chargers already installed and running under managed access and idle-fee rules, this building is past the assessment stage that most comparable stratas nearby are still in, where EV plans typically remain limited to feasibility studies or electrical-capacity reviews rather than live chargers.

    Insurance

    The building's policy renews each September 30, with deductibles of $100,000 for water damage, $50,000 for flood, and $100,000 or 10% for earthquake. The strata covers only original construction, so owners must insure upgrades and the deductibles. The Water Damage Bylaw, reaffirmed in 2025, makes owners fully liable for in-suite leaks, with costs charged back. The next renewal is September 30, 2026.
    Compared to similar buildings

    A little behind comparable buildings - the $100,000 water damage deductible sits at the higher end for the area, where many comparable stratas nearby still carry $25,000-$50,000 water deductibles, so owners here shoulder more out-of-pocket exposure on a claim, even though the flood and earthquake structure is otherwise typical.

    Compared to similar buildings

    A little behind comparable buildings - the $100,000 water damage deductible sits at the higher end for the area, where many comparable stratas nearby still carry $25,000-$50,000 water deductibles, so owners here shoulder more out-of-pocket exposure on a claim, even though the flood and earthquake structure is otherwise typical.

    LeaksIMPORTANT

    In-suite plumbing and appliance failures have caused recurring leaks and insurance claims through 2025 and 2026. The strict Water Damage Bylaw makes owners fully liable, including the high $100,000 deductible, and several Civil Resolution Tribunal cases—notably a 21st-floor unit—remain active with legal counsel involved. Owners should maintain their plumbing and confirm personal insurance covers the strata deductible.
    Compared to similar buildings

    Pretty typical for comparable buildings nearby - recurring in-suite leaks, chargebacks under a strict water bylaw, and the occasional tribunal dispute are among the most common issues at comparable towers of this age, where in-suite plumbing failures are consistently the leading source of insurance claims rather than anything specific to this building.

    Compared to similar buildings

    Pretty typical for comparable buildings nearby - recurring in-suite leaks, chargebacks under a strict water bylaw, and the occasional tribunal dispute are among the most common issues at comparable towers of this age, where in-suite plumbing failures are consistently the leading source of insurance claims rather than anything specific to this building.

    Building Envelope

    The envelope is actively maintained: exterior sealant and caulking were replaced in 2024, roof and deck renewals with membrane tie-ins are scheduled for spring 2026, and a multi-phase balcony membrane program continues (one stack done, next phase 2027, ~$500,000 CRF draw recommended). The courtyard fountain membrane is past its service life and tabled for planning. All work is engineer- and depreciation-report-guided.
    Compared to similar buildings

    Ahead of most similar nearby buildings here - running a phased, depreciation-report-driven envelope program with sealants already renewed and balcony membranes staged in advance is more proactive than many comparable stratas nearby, which more often defer envelope work until leaks force reactive, and usually costlier, repairs.

    Compared to similar buildings

    Ahead of most similar nearby buildings here - running a phased, depreciation-report-driven envelope program with sealants already renewed and balcony membranes staged in advance is more proactive than many comparable stratas nearby, which more often defer envelope work until leaks force reactive, and usually costlier, repairs.

    RoofIMPORTANT

    A major townhouse and podium roof and deck renewal began in July 2026, funded by the $980,000 levy and $320,000 CRF approved at the 2025 AGM. Work includes membrane and canopy repairs and continues in phases through 2029, including a Phase II renewal (~$4.5 million) in 2027-2029 under RJC Engineering. Permit and access delays have occurred. These are significant multi-year capital commitments.
    Compared to similar buildings

    About the same as most similar nearby buildings - multi-phase roof and deck renewals with engineering oversight are common among comparable aging stratas nearby, where roofs and membranes reaching end of life are a routine driver of major spending; the scale of the upcoming Phase II here is on the larger side but not out of step with peers of similar size.

    Compared to similar buildings

    About the same as most similar nearby buildings - multi-phase roof and deck renewals with engineering oversight are common among comparable aging stratas nearby, where roofs and membranes reaching end of life are a routine driver of major spending; the scale of the upcoming Phase II here is on the larger side but not out of step with peers of similar size.

    Windows

    A May 2025 bylaw limits exterior-visible window coverings to specific types (vertical, venetian, roller blinds, or drapes) in a neutral shade matching the developer-installed blinds. Annual window cleaning is in place, with no major repair costs, and violations may draw fines. No significant window-related financial or legal issues were noted as of mid-2026.
    Compared to similar buildings

    About the same as most similar nearby buildings - cosmetic window-covering bylaws requiring neutral, uniform blinds and routine annual cleaning are common among comparable stratas nearby, most of which enforce similar aesthetic standards without any current window repair or replacement burden.

    Compared to similar buildings

    About the same as most similar nearby buildings - cosmetic window-covering bylaws requiring neutral, uniform blinds and routine annual cleaning are common among comparable stratas nearby, most of which enforce similar aesthetic standards without any current window repair or replacement burden.

    PlumbingIMPORTANT

    Multiple in-suite leaks—mainly from resident accidents or appliance faults—have led to repair and deductible costs ($100,000 as of June 2024) charged back to owners under the strict Water Damage Bylaw. One Civil Resolution Tribunal chargeback dispute is ongoing as of May 2026. The strata actively manages repairs, and recent upgrades include PRV replacements and copper piping improvements. Owners are fully liable for water damage from their units.
    Compared to similar buildings

    Ahead of most similar nearby buildings here - proactively renewing PRV stations and upgrading to copper piping to cut leak risk goes further than many comparable stratas nearby, which more commonly run original distribution piping to end of life and address failures reactively as claims arise.

    Compared to similar buildings

    Ahead of most similar nearby buildings here - proactively renewing PRV stations and upgrading to copper piping to cut leak risk goes further than many comparable stratas nearby, which more commonly run original distribution piping to end of life and address failures reactively as claims arise.

    Mechanical Systems

    Since 2024 the building has upgraded mechanical systems, including a new Direct Digital Control (DDC) system for HVAC, replacement of aging heat pumps and AC units, and regular plumbing and drain cleaning. Major projects like roof and deck renewal and balcony membrane work are underway or planned, funded from reserves or levies. Owners handle in-suite plumbing. No major unresolved issues were noted as of mid-2026.
    Compared to similar buildings

    Ahead of most similar nearby buildings here - commissioning a digital HVAC control system and replacing heat pumps ahead of failure is a step beyond many comparable stratas nearby, which often keep original controls and aging equipment running until breakdowns force replacement.

    Compared to similar buildings

    Ahead of most similar nearby buildings here - commissioning a digital HVAC control system and replacing heat pumps ahead of failure is a step beyond many comparable stratas nearby, which often keep original controls and aging equipment running until breakdowns force replacement.

    Electrical

    The electrical infrastructure is in good condition, with the final phase of vault servicing completed in early 2025. Four shared EV chargers were added in 2025 (rebate received), managed via Unico Power with a $1/minute idle fee. A BC Hydro meter upgrade remains pending as of mid-2026, and fibre optics were installed in 2024 at no cost. EV expansion is under discussion, with no major concerns identified.
    Compared to similar buildings

    About the same as most similar nearby buildings - completed vault servicing, installed EV chargers, and a pending utility meter upgrade are broadly in line with comparable stratas nearby, most of which have finished core electrical servicing and are now weighing incremental EV capacity rather than major overhauls.

    Compared to similar buildings

    About the same as most similar nearby buildings - completed vault servicing, installed EV chargers, and a pending utility meter upgrade are broadly in line with comparable stratas nearby, most of which have finished core electrical servicing and are now weighing incremental EV capacity rather than major overhauls.

    Elevators

    Mandatory CAT-5 testing was last completed in May 2026, confirming the elevators remain serviceable. An emergency phone system upgrade is underway and expected to finish later in 2026, with full modernization planned for 2027-2028. Lobby and elevator tile refurbishment is deferred on budget grounds, and mat replacement quotes are being obtained. No unresolved issues were noted.
    Compared to similar buildings

    About the same as most similar nearby buildings - current CAT-5 testing, an emergency phone upgrade, and a scheduled multi-year modernization track the standard elevator lifecycle at comparable stratas nearby, most of which are budgeting similar modernization programs for original 1990s-era equipment.

    Compared to similar buildings

    About the same as most similar nearby buildings - current CAT-5 testing, an emergency phone upgrade, and a scheduled multi-year modernization track the standard elevator lifecycle at comparable stratas nearby, most of which are budgeting similar modernization programs for original 1990s-era equipment.

    Security

    As of mid-2026 the building has invested heavily in security: a comprehensive CCTV upgrade was completed in June 2026 ($90,000 from the CRF), monthly security patrols cover all common areas, and stricter key-fob and short-term-rental bylaws carry fines up to $1,000/day. Further coverage reviews are planned and access-device audits are now routine.
    Compared to similar buildings

    Ahead of most similar nearby buildings here - a freshly upgraded CCTV system, ongoing security patrols, and routine access-device audits make for a more actively managed security program than most comparable stratas nearby, which typically rely on basic camera coverage and fob access without regular patrols or audits.

    Compared to similar buildings

    Ahead of most similar nearby buildings here - a freshly upgraded CCTV system, ongoing security patrols, and routine access-device audits make for a more actively managed security program than most comparable stratas nearby, which typically rely on basic camera coverage and fob access without regular patrols or audits.

    Fire Safety

    Fire safety is managed proactively, with annual equipment inspections, prompt deficiency remediation, and a fire alarm panel replaced in early 2026. A contained kitchen fire in August 2026 caused sprinkler-related water damage to several units; mitigation is ongoing and a report is pending. Suite access may be needed for further remediation. The building remains compliant with fire-safety standards.
    Compared to similar buildings

    About the same as most similar nearby buildings - annual inspections, timely deficiency fixes, and periodic alarm-panel upgrades are standard among comparable stratas nearby, and a contained kitchen fire with follow-up mitigation is the kind of routine incident that appears across buildings of this size rather than a sign of weak systems.

    Compared to similar buildings

    About the same as most similar nearby buildings - annual inspections, timely deficiency fixes, and periodic alarm-panel upgrades are standard among comparable stratas nearby, and a contained kitchen fire with follow-up mitigation is the kind of routine incident that appears across buildings of this size rather than a sign of weak systems.

    Legal And Civil ResolutionIMPORTANT

    As of August 2026 the council is in ongoing Civil Resolution Tribunal litigation over water-damage chargebacks tied to a 21st-floor unit (incidents in 2025), with legal counsel engaged and the Council President as designated representative. Multiple claims from the unit remain unresolved, with counterclaims filed. The strata also enforces a strict short-term-rental ban. These matters carry potential financial implications until resolved.
    Compared to similar buildings

    A little behind comparable buildings - active, contested tribunal litigation over chargebacks means somewhat more unresolved legal exposure than most comparable stratas nearby, which tend to resolve water-damage disputes through insurers or settlement without ongoing proceedings, even though the underlying chargeback issue itself is common.

    Compared to similar buildings

    A little behind comparable buildings - active, contested tribunal litigation over chargebacks means somewhat more unresolved legal exposure than most comparable stratas nearby, which tend to resolve water-damage disputes through insurers or settlement without ongoing proceedings, even though the underlying chargeback issue itself is common.

    Legal Actions

    Legal proceedings and claims involving the strata corporation

    Owner seeks reimbursement of dispute-related fees and expenses from strata
    Dec 02, 2024
    Alexandra Hart requests that the strata pay all costs and fees associated with her CRT dispute, including tribunal fees, copying, and courier expenses. The amount of these expenses will be determined later in the tribunal process according to CRT rules. This claim is tied to her main dispute over chargebacks and procedural fairness.
    Owner challenges strata's chargebacks for water damage and legal fees
    Dec 02, 2024
    Alexandra Hart filed a claim with the Civil Resolution Tribunal (CRT) disputing $15,595 in chargebacks to her strata account for water mitigation, administration, and legal fees after a water escape incident from her unit. She argues the strata did not follow proper procedures under the Strata Property Act, failed to provide evidence of negligence, and did not hold a valid council hearing. She requests the CRT to rescind the charges, require a proper hearing, and award $2,500 compensation for unfair treatment. The claim also mentions ongoing related CRT matters involving the strata's handling of similar incidents.

    Engineering & Depreciation Reports

    Building EnvelopeIMPORTANT

    The building envelope includes curtain wall glazing, window wall assemblies, concrete and stone cladding, and roofs with inverted membrane assemblies. Major capital projects are planned: roof membrane replacement in two phases (2025 and 2026–2028), balcony membrane refurbishment starting in 2026, and phased window wall renewal beginning in 2032. Balcony and parkade traffic membrane renewals are also scheduled for 2028, 2029, 2033, and 2034. Exterior sealants were replaced in 2023, resolving previous leaks, but ongoing and upcoming renewals represent significant future expenditures.
    Related Updates from Council
    Completed
    • Exterior sealant replacement on both towers and townhouses was finished in 2023, fixing the failed caulking flagged in the engineering report and preventing future leaks.
    In Progress
    • A $1.3 million project to replace townhouse and podium roof and deck membranes began in July 2025 and is underway, addressing roofs the report said were at end-of-life.
    Planned
    • Council has approved Phase II roof membrane replacement for the main tower roofs, budgeted at roughly $4.5 million and scheduled for 2026-2028, to complete renewal of all aging roofs.
    • A balcony membrane renewal program - funded by a $500 k Contingency Reserve withdrawal - is set to start in spring 2026 to refurbish the remaining four balcony stacks and stop water ingress.
    Related Updates from Council
    Completed
    • Exterior sealant replacement on both towers and townhouses was finished in 2023, fixing the failed caulking flagged in the engineering report and preventing future leaks.
    In Progress
    • A $1.3 million project to replace townhouse and podium roof and deck membranes began in July 2025 and is underway, addressing roofs the report said were at end-of-life.
    Planned
    • Council has approved Phase II roof membrane replacement for the main tower roofs, budgeted at roughly $4.5 million and scheduled for 2026-2028, to complete renewal of all aging roofs.
    • A balcony membrane renewal program - funded by a $500 k Contingency Reserve withdrawal - is set to start in spring 2026 to refurbish the remaining four balcony stacks and stop water ingress.

    Structural

    As of the Jan 22, 2019 depreciation report, the building's reinforced concrete structure, including the five-level below-grade parkade, is in good condition with only routine maintenance required. Isolated water ingress issues have been repaired, and no major structural faults were noted. Continued monitoring and maintenance are recommended, with phased traffic membrane renewal planned for around 2029. No significant concerns were identified.
    Related Updates from Council
    Completed
    • Exterior caulking and sealant replacement on both the townhouse and tower facades was finished in 2023, sealing joints to stop water ingress and protect the concrete structure.
    In Progress
    • The townhouse and podium roof and deck membrane renewal began in July 2025 with a $1.3 million budget (special levy plus CRF) and is now underway to replace worn waterproofing and roof areas that engineers flagged as past their service life.
    Planned
    • A second-phase roof renewal for the remaining roof areas has been scheduled for 2026-2028 at an estimated $4.5 million, targeting the end-of-life roofs identified in engineering assessments.
    • Council approved a $500,000 CRF withdrawal at the May 2025 AGM to start the next round of balcony membrane replacements in spring 2026, continuing the phased program to address deteriorated balcony waterproofing.
    Related Updates from Council
    Completed
    • Exterior caulking and sealant replacement on both the townhouse and tower facades was finished in 2023, sealing joints to stop water ingress and protect the concrete structure.
    In Progress
    • The townhouse and podium roof and deck membrane renewal began in July 2025 with a $1.3 million budget (special levy plus CRF) and is now underway to replace worn waterproofing and roof areas that engineers flagged as past their service life.
    Planned
    • A second-phase roof renewal for the remaining roof areas has been scheduled for 2026-2028 at an estimated $4.5 million, targeting the end-of-life roofs identified in engineering assessments.
    • Council approved a $500,000 CRF withdrawal at the May 2025 AGM to start the next round of balcony membrane replacements in spring 2026, continuing the phased program to address deteriorated balcony waterproofing.

    PlumbingIMPORTANT

    The building's plumbing system uses copper risers and CPVC distribution, with frequent in-suite leaks reported from 2023 to 2025, leading to high insurance deductibles and owner charge-backs. Some risers and valves were replaced, and a PRV station was renewed in Feb 2025. There remains an ongoing leak risk, with liability for damages now shifted to owners by bylaw. A full riser replacement study is budgeted for 2026, and a phased replacement program (estimated at $800,000) is planned for 2031, which is critical for reducing insurance risk. The strata's insurance policy has a $100,000 water damage deductible.
    Related Updates from Council
    Completed
    • Between 2023 and 2025 the strata replaced several leaking copper risers and their valves that had been causing in-suite floods, cutting the risk of new water damage claims.
    • In Feb 2025 the main domestic Pressure Reducing Valve station and related steam valves were renewed after a failure, restoring proper water pressure and preventing hot-water crossover.
    • By Jul 2025 Alstad Mechanical finished cleaning the sanitary horizontal drains and repairing garbage-room plumbing, removing blockages that could lead to backups and leaks.
    Planned
    • A full riser-replacement study is funded for 2026, with a phased $800 k domestic riser replacement program set to begin in 2031 to remove the aging pipes identified as a critical insurance risk.
    Related Updates from Council
    Completed
    • Between 2023 and 2025 the strata replaced several leaking copper risers and their valves that had been causing in-suite floods, cutting the risk of new water damage claims.
    • In Feb 2025 the main domestic Pressure Reducing Valve station and related steam valves were renewed after a failure, restoring proper water pressure and preventing hot-water crossover.
    • By Jul 2025 Alstad Mechanical finished cleaning the sanitary horizontal drains and repairing garbage-room plumbing, removing blockages that could lead to backups and leaks.
    Planned
    • A full riser-replacement study is funded for 2026, with a phased $800 k domestic riser replacement program set to begin in 2031 to remove the aging pipes identified as a critical insurance risk.

    Mechanical Systems

    The building features centralized domestic hot water via steam heat exchangers and an HVAC system with Direct Digital Controls commissioned in 2025. Booster pumps from 1998 are nearing end of life, with a backup pump purchase approved for 2026. Hot-water circulation issues were resolved in 2024 through pipe replacements. The strata maintains a proactive maintenance program for mechanical systems.
    Related Updates from Council
    Completed
    • In 2024, plumbers replaced sections of the hot-water piping, which fixed the circulation problems identified in the engineering report.
    • By March 2025 the strata installed a new Direct Digital Control (DDC) system, giving remote control of the HVAC and resolving reliability issues noted in the depreciation report.
    • In mid-2025 the council repaired HVAC and plumbing lines in the garbage room and replaced a failed exterior AC compressor, keeping key mechanical equipment operating properly.
    In Progress
    • A building-wide sanitary drain cleaning program started in mid-2025 and is still underway to prevent backups and leaks flagged in earlier engineering reviews.
    Planned
    • Council has approved buying and installing a backup domestic hot-water booster pump in 2026 to replace the original 1998 pumps that are at end-of-life.
    Related Updates from Council
    Completed
    • In 2024, plumbers replaced sections of the hot-water piping, which fixed the circulation problems identified in the engineering report.
    • By March 2025 the strata installed a new Direct Digital Control (DDC) system, giving remote control of the HVAC and resolving reliability issues noted in the depreciation report.
    • In mid-2025 the council repaired HVAC and plumbing lines in the garbage room and replaced a failed exterior AC compressor, keeping key mechanical equipment operating properly.
    In Progress
    • A building-wide sanitary drain cleaning program started in mid-2025 and is still underway to prevent backups and leaks flagged in earlier engineering reviews.
    Planned
    • Council has approved buying and installing a backup domestic hot-water booster pump in 2026 to replace the original 1998 pumps that are at end-of-life.

    Electrical

    The building's electrical system features a BC Hydro vault, transformers, and distribution panels. The fire alarm panel was replaced in early 2025, and four shared EV chargers were added in 2024, with idle-fee management in place. A BC Hydro meter upgrade is still pending. No major electrical deficiencies were reported, but increasing EV charging demand will require future capacity planning and possible expansion of infrastructure. Ongoing monitoring of transformers and panels is recommended.
    Related Updates from Council
    Completed
    • The final phase of electrical vault servicing was completed in Feb 2024, confirming that the building’s transformers and distribution panels are in good working order.
    • Four shared EV chargers were installed in 2024 and are now fully operational through the Unico portal, with idle-fee enforcement to manage current EV-charging demand.
    In Progress
    • A BC Hydro meter upgrade is pending as of Aug 2025 and will be installed once Hydro schedules the work, bringing the building’s metering up to current standards.
    Related Updates from Council
    Completed
    • The final phase of electrical vault servicing was completed in Feb 2024, confirming that the building’s transformers and distribution panels are in good working order.
    • Four shared EV chargers were installed in 2024 and are now fully operational through the Unico portal, with idle-fee enforcement to manage current EV-charging demand.
    In Progress
    • A BC Hydro meter upgrade is pending as of Aug 2025 and will be installed once Hydro schedules the work, bringing the building’s metering up to current standards.

    ElevatorsIMPORTANT

    The building has six geared traction elevators installed in 1998, now at the end of their expected service life. Emergency phone system upgrades began in February 2025. A full modernization of the elevators is planned for 2026-2027, with an estimated cost of $1.3 million, followed by major elevator-related works projected between 2028 and 2035, with significant expenditures anticipated. Regular updates to the depreciation report and annual funding reviews are recommended to ensure adequate funding. These planned projects represent a substantial upcoming financial commitment for the strata.
    Related Updates from Council
    Completed
    • Mandatory CAT-5 elevator safety testing was completed in May 2025, confirming that all six elevators remain serviceable.
    In Progress
    • Contractors are currently upgrading the elevator emergency phone systems (work started Feb 2025 and expected to finish by late 2025) to meet current safety standards.
    Planned
    • A full modernization of all six elevators, budgeted at about $1.3 million, is scheduled for 2026-2027 once the roof work is complete, addressing the end-of-life condition noted in the engineering reports.
    Related Updates from Council
    Completed
    • Mandatory CAT-5 elevator safety testing was completed in May 2025, confirming that all six elevators remain serviceable.
    In Progress
    • Contractors are currently upgrading the elevator emergency phone systems (work started Feb 2025 and expected to finish by late 2025) to meet current safety standards.
    Planned
    • A full modernization of all six elevators, budgeted at about $1.3 million, is scheduled for 2026-2027 once the roof work is complete, addressing the end-of-life condition noted in the engineering reports.

    Fire Safety

    The building's fire alarm system was fully replaced in 2025, and the fire panel and sprinkler systems are currently in good order. Ongoing dry-pipe sprinkler valve renewals (2023–2026) and recent replacements of the compressor and accelerator (mid-2024) ensure compliance with safety standards. A kitchen fire incident in September 2025 was effectively contained, demonstrating the effectiveness of these systems. Continued annual inspections and valve renewals are recommended for ongoing compliance and safety.
    Related Updates from Council
    Completed
    • The outdated fire alarm panel and annunciator were fully replaced by Chubb Canada in early 2025, resolving the engineering report’s call for a modern, reliable fire alarm system.
    • The compressor and accelerator for the dry-pipe sprinkler system were renewed in mid-2024, boosting sprinkler performance as recommended in the depreciation report.
    In Progress
    • A multi-year project (2023-2026) to replace the building’s remaining dry-pipe sprinkler valves is underway to keep the system compliant with life-safety standards.
    • Annual fire equipment testing was completed by July 2025 and management is now arranging suite access to fix the deficiencies found so the building stays up-to-code.
    Related Updates from Council
    Completed
    • The outdated fire alarm panel and annunciator were fully replaced by Chubb Canada in early 2025, resolving the engineering report’s call for a modern, reliable fire alarm system.
    • The compressor and accelerator for the dry-pipe sprinkler system were renewed in mid-2024, boosting sprinkler performance as recommended in the depreciation report.
    In Progress
    • A multi-year project (2023-2026) to replace the building’s remaining dry-pipe sprinkler valves is underway to keep the system compliant with life-safety standards.
    • Annual fire equipment testing was completed by July 2025 and management is now arranging suite access to fix the deficiencies found so the building stays up-to-code.

    Security

    The building's CCTV security system was upgraded in June 2025 at a cost of $90,000, funded from the Contingency Reserve Fund. Fob-sharing restrictions were also implemented by bylaw in 2025 to improve security. All systems are currently functioning as intended, with regular reviews and upgrades recommended to keep pace with evolving technology.
    Related Updates from Council
    Completed
    • In June 2025 the strata installed a new $90,000 CCTV camera system funded from the Contingency Reserve Fund, replacing the aging equipment identified in the depreciation report and restoring full video coverage.
    • At the May 2025 AGM owners adopted a bylaw that limits each unit to four active fobs, bans sharing or cloning, and requires lost fobs be deactivated immediately, tightening access control as the depreciation report recommended.
    In Progress
    • Since July 2025 Council has been carrying out follow-up site reviews to adjust camera angles and add coverage where needed, keeping the upgraded CCTV system in line with the report’s call for ongoing security improvements.
    Related Updates from Council
    Completed
    • In June 2025 the strata installed a new $90,000 CCTV camera system funded from the Contingency Reserve Fund, replacing the aging equipment identified in the depreciation report and restoring full video coverage.
    • At the May 2025 AGM owners adopted a bylaw that limits each unit to four active fobs, bans sharing or cloning, and requires lost fobs be deactivated immediately, tightening access control as the depreciation report recommended.
    In Progress
    • Since July 2025 Council has been carrying out follow-up site reviews to adjust camera angles and add coverage where needed, keeping the upgraded CCTV system in line with the report’s call for ongoing security improvements.

    Bylaws

    The bylaws set by the building council are subject to override by federal or provincial laws, such as the updates to BC's strata laws in 2022 (Canada)

    Rental RestrictionIMPORTANT

    As of July 2026, short-term rentals under 30 days are prohibited, with fines up to $1,000/day and possible legal action. There are no caps on the number of rentals, no minimum lease beyond the short-term ban, and no council approval required. Landlords must give tenants the current bylaws and file a signed Form K within two weeks. Earlier approval and hardship-exemption rules (from 2023) no longer apply.
    Compared to similar buildings

    About the same as most similar nearby buildings - virtually all comparable stratas nearby ban short-term rentals under 30 days while allowing unrestricted long-term tenancies, and the 30-day cutoff with a Form K notice is the most common configuration; a minority of peers go further with rental caps or waitlists, which this building does not impose.

    Compared to similar buildings

    About the same as most similar nearby buildings - virtually all comparable stratas nearby ban short-term rentals under 30 days while allowing unrestricted long-term tenancies, and the 30-day cutoff with a Form K notice is the most common configuration; a minority of peers go further with rental caps or waitlists, which this building does not impose.

    Pet Restriction

    Residents may keep one cat or one dog, or a reasonable number of small caged pets (fish, small mammals, or birds); reptiles are not allowed. Dogs are barred from the courtyard, and pets are prohibited in the exercise and screening rooms. Animals must be leashed or secured on common property, and owners must clean up and prevent disturbances. The council may add pet rules or require removal on 30 days' notice.
    Compared to similar buildings

    A little more restrictive than comparable buildings - most comparable stratas nearby allow up to two dogs or two cats (or one of each), so the single cat-or-dog limit and the ban on reptiles sit at the stricter end of the local range, though the leashing and common-area rules are otherwise standard.

    Compared to similar buildings

    A little more restrictive than comparable buildings - most comparable stratas nearby allow up to two dogs or two cats (or one of each), so the single cat-or-dog limit and the ban on reptiles sit at the stricter end of the local range, though the leashing and common-area rules are otherwise standard.

    Smoking Restriction

    Smoking of any substance is prohibited in all units, common property, balconies, patios, and within six metres of doors, windows, or air intakes, and in all fitness areas. Exceptions require written council approval under a demonstrated Human Rights Code need. Violations draw a $100 fine per occurrence after a warning.
    Compared to similar buildings

    Stricter than some comparable buildings - while many comparable stratas nearby restrict smoking only in common areas or grandfather existing smokers, this building's full ban extending into individual units and balconies sits at the more restrictive end of the local range, reflecting the tighter smoke-free policies newer buildings have adopted.

    Compared to similar buildings

    Stricter than some comparable buildings - while many comparable stratas nearby restrict smoking only in common areas or grandfather existing smokers, this building's full ban extending into individual units and balconies sits at the more restrictive end of the local range, reflecting the tighter smoke-free policies newer buildings have adopted.

    Barbecue Guidelines

    Barbecues are allowed on balconies, decks, or patios but must be propane or electric only—natural gas, charcoal, and hydrocarbon starters are banned. Only small, self-contained units are permitted, and all use must follow council rules.
    Compared to similar buildings

    About the same as most similar nearby buildings - propane-and-electric-only rules that ban charcoal and natural gas are a common fire-safety and insurance-driven standard among comparable stratas nearby, most of which impose near-identical balcony barbecue limits.

    Compared to similar buildings

    About the same as most similar nearby buildings - propane-and-electric-only rules that ban charcoal and natural gas are a common fire-safety and insurance-driven standard among comparable stratas nearby, most of which impose near-identical balcony barbecue limits.

    Move In/out Fees & Procedures

    Moves must be booked with management and the concierge at least 48 hours ahead and are allowed only 8:00 a.m. to 8:00 p.m. There is a $100 move-in fee and a $200 refundable deposit for tenancies of three months or longer. Elevator booking and protection pads are mandatory, and moves must follow designated routes. Damage or items left in common areas incur additional charges.
    Compared to similar buildings

    About the same as most similar nearby buildings - advance scheduling, restricted move windows, mandatory elevator booking, and a modest fee plus refundable deposit are standard at comparable stratas nearby, whose move-in charges typically fall in the same $100-$250 range.

    Compared to similar buildings

    About the same as most similar nearby buildings - advance scheduling, restricted move windows, mandatory elevator booking, and a modest fee plus refundable deposit are standard at comparable stratas nearby, whose move-in charges typically fall in the same $100-$250 range.

    Report Sources
    Below are the documents used to generate this report. Click on any available document to view it directly.
    Form B1 file available
    Insurance Documents1 file available
    Bylaws2 files available
    2
    Engineering ReportsNot detected
    Depreciation Reports1 file available
    Meeting Minutes
    Available
    Not Available
    2024
    |
    2025
    |
    2026
    Jan
    Feb
    Mar
    Apr
    AGM
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Other Documents
    3
    Financial Document2
    Financial_Statements_2025.pdf2 entries
    Dec 31, 2025
    Dec 31, 2024
    Strata Plan1
    Strata_Plan_VR1234.pdfSep 1, 2019

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    Projected Costs

    Scenario 1
    Scenario 1
    Scenario 2
    Scenario 3
    Current (2017) Funding Scenario
    * Estimation Date: 
    Aug 01, 2019
    ** These projections are provided by a third-party analyst evaluating the building. The council may decide not to follow them based on various circumstances.