1005 King Street W & 1 Shaw St, Toronto

1005 King Street W & 1 Shaw St, Toronto

1005 King Street W & 1 Shaw St, Toronto
A thorough reserve fund study update of two buildings, funding the requirements for capital spending while still meeting the Condominium Act requirements and satisfying the needs of both Boards.
Services
Assessment and Capital Planning
Subservices
Reserve Fund Study
Sector
Residential
Duration
2023
Client
Goldview Property Management
Project size
9 and 12 storey buildings (544 units)

This property consisted of two condominium buildings, one 9 storeys and the other 12 storeys tall, with 544 units combined.

Pretium completed a comprehensive review of both buildings including the:

  • Building envelope
  • Fire separations
  • Mechanical, electrical, and plumbing systems
  • Barrier-free design
  • Interior finishes
  • Roof
  • Exterior site elements

To deliver this project, Pretium completed the following measures:

Reserve Fund Study

Reserve Fund Study

Reserve Fund Studies are mandated by the Ontario Condominium Act and create a funding forecast to maintain common element components. Our reports include all mandated funding schedules. Since every building is unique, various funding scenarios may satisfy the condominium’s obligations. Our team will discuss these scenarios with management and the Board to determine which suits their property best.

Client Benefits 

Pretium worked with the property manager and both condominium boards for these buildings to develop a realistic plan to fund the requirements for capital spending while meeting the Condominium Act requirements. This required coordination to ensure that the shared assets, such as the parking garage and mechanical equipment, met the needs of both boards. 

View of one of the buildings.
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View of the courtyard between the two buildings.
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A section of the parking garage drive aisle.
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A view of one of the lower roofs from the adjacent building.
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A view of the low-rise section of the development.
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The building as seen from across the street.
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Project Team

Mark Bechthold

Mark Bechthold

Project Principal, Assessment and Capital Planning Service Area Leader

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