203 College Street, Toronto
A comprehensive building review including the analysis and understanding of various tests and code compliance checks was completed, resulting in a reliable building and capital plan for years to come.
Services
Assessment and Capital Planning
Subservices
Performance Audit, Reserve Fund Study
Sector
Residential
Duration
2021
Client
Forest Hill Kipling
Project Value
$40,000
Project size
30 stories (243 units)
The property includes a 30-storey condominium building containing 243 residential units constructed in 2021.
The project included a comprehensive review of building components warranted by Tarion, related to the:
- parking garage and balconies
- 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:
Performance Audit
Performance Audits are mandated by the Ontario Condominium Act and include a comprehensive review of all building systems. These reports, along with the Tarion Warranty Program deficiency tracking protocol, identify defects in the construction of common elements. Once the report is submitted to Tarion, we present arguments for repair and assess the builder’s proposed repairs throughout Resolution and Conciliation.
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 builder to resolve building performance deficiencies at one and two years following the declaration of construction completion.
This included:
- coordinating and reviewing third-party noise and vibration testing
- water testing
- air tightness testing
- electrical infrared testing
- elevator load testing
- extensive reviews of window washing equipment design
- reviews of OBC, ASHRAE, OHSA, and CSA requirements, resulting in several successful conciliation meetings
This provided property management and the board of directors with informed decisions moving forward with repairs and budget allocations. Pretium was also able to provide property management with a reliable long-term capital plan based on the reviews performed.
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