Service: Reserve Fund Study

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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Hamilton East Kiwanis Non-Profit Homes

Hamilton East Kiwanis Non-Profit Homes

Property Condition Assessments and Accessibility Audits
Evaluation of social housing properties, creating accurate capital plans that maintained the safety and comfort of the building’s residents, and helped the client obtain accessibility grants.
Assessment and Capital Planning
1575 Lakeshore Road West, Mississauga

1575 Lakeshore Road West, Mississauga

Performance Audit and Reserve Fund Study
An extensive review of a newly constructed condominium was completed in compliance with the Tarion New Home Warranty program, leading to a dependable 40-year capital plan.
Assessment and Capital Planning
203 College Street, Toronto

203 College Street, Toronto

Performance Audit and Reserve Fund Study
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.
Assessment and Capital Planning
15 Bradford Street, Barrie

15 Bradford Street, Barrie

Mechanical Design
A complete building renovation was completed to provide fire safety and a new, efficient HVAC system for a healthcare facility.
Mechanical Engineering
Metro Distribution Centers

Metro Distribution Centers

Third Party Building Envelope Consulting
A third-party review, completed during a global pandemic, with water and condensation investigations ensuring optimal building air tightness and thermal performance during and after construction.
New Construction

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Get In Touch
1575 Lakeshore Road West, Mississauga

1575 Lakeshore Road West, Mississauga

1575 Lakeshore Road West, Mississauga
An extensive review of a newly constructed condominium was completed in compliance with the Tarion New Home Warranty program, leading to a dependable 40-year capital plan.
Services
Assessment and Capital Planning
Subservices
Performance Audit, Reserve Fund Study
Sector
Residential
Duration
2020
Client
Crossbridge Condominium Services
Project Value
$200,000
Project size
5 story building (292 units)

This residential apartment building consisted of 292 residential units with three wings: the west and centre wings were four stories tall, and the east wing was five stories tall. 

The building was served by five elevators. The first-floor amenities on the west wing included a main entrance and lobby with concierge, a lounge area, meeting room, and guest suite. The first-floor amenities on the east wing included a patio BBQ lounge area, a party room, pet wash area, guest suite, hobby room, and fitness/gym room. The roof top terrace had an indoor dining and servery area. Parking was provided on the surface and within one and a half levels of underground garage, totaling 358 spaces.  

Pretium completed a performance audit and reserve fund study at one-year post-declaration at this property.

The project included a comprehensive review of all base building components including the: 

  • building envelope, structure, site surfaces, and appurtenances 
  • HVAC 
  • electrical 
  • plumbing 
  • fire protection and life safety systems 
  • elevators 
  • accessibility 
  • interior finishes 
  • kitchen 
  • amenity equipment 

Based on the review, a 40-year capital expenditure plan was developed.

To deliver this project, Pretium completed the following measures:

Performance Audit

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 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 

As a result of Pretium’s through on-site review and team-oriented approach to resolving deficiencies with the Contractor, the building owners, managers, and residents can reliably live in and operate the building with no concerns for safety or building performance issues.  

The resulting capital plan allows building owners and managers to understand the building’s long-term capital needs, ensuring adequate funds are set aside for future maintenance, repairs, and replacements.

Bollards and curbs located in the underground parking garage.
1 / 4
A sample of the landscaping installed around the building.
2 / 4
Complex roof details, including multiple levels and materials.
3 / 4
View of the central courtyard from the building roof. Showing the overall aesthetic of the building and landscaping below.
4 / 4

Project Team

Jonathan Dickson

Jonathan Dickson

Project Principal
Juhn Wright

Juhn Wright

Project Manager

See More Featured Projects

1005 King Street W & 1 Shaw St, Toronto

1005 King Street W & 1 Shaw St, Toronto

Reserve Fund Study
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.
Assessment and Capital Planning
Hamilton East Kiwanis Non-Profit Homes

Hamilton East Kiwanis Non-Profit Homes

Property Condition Assessments and Accessibility Audits
Evaluation of social housing properties, creating accurate capital plans that maintained the safety and comfort of the building’s residents, and helped the client obtain accessibility grants.
Assessment and Capital Planning
203 College Street, Toronto

203 College Street, Toronto

Performance Audit and Reserve Fund Study
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.
Assessment and Capital Planning

Metro Distribution Centers

Metro Distribution Centers

Third Party Building Envelope Consulting
A third-party review, completed during a global pandemic, with water and condensation investigations ensuring optimal building air tightness and thermal performance during and after construction.
New Construction

Your Project, Our Expertise – Let’s Make It Happen

Our expert team is here to help you achieve your goals.

Get In Touch
203 College Street, Toronto

203 College Street, Toronto

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 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 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.

Equipment located in the elevator machine room.
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A section of the below grade parking garage.
2 / 5
A green roof installed on the lower roof area, above the podium.
3 / 5
A party room that is part of the common elements of the Condominium Corporation.
4 / 5
Commercial spaces located on the ground floor of the building, part of the podium.
5 / 5

Project Team

Sash Trajcevski

Sash Trajcevski

Senior Project Manager
Mark Sim

Mark Sim

Project Manager
Jenn Prior

Jenn Prior

Project Manager

See More Featured Projects

1005 King Street W & 1 Shaw St, Toronto

1005 King Street W & 1 Shaw St, Toronto

Reserve Fund Study
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.
Assessment and Capital Planning
Hamilton East Kiwanis Non-Profit Homes

Hamilton East Kiwanis Non-Profit Homes

Property Condition Assessments and Accessibility Audits
Evaluation of social housing properties, creating accurate capital plans that maintained the safety and comfort of the building’s residents, and helped the client obtain accessibility grants.
Assessment and Capital Planning
1575 Lakeshore Road West, Mississauga

1575 Lakeshore Road West, Mississauga

Performance Audit and Reserve Fund Study
An extensive review of a newly constructed condominium was completed in compliance with the Tarion New Home Warranty program, leading to a dependable 40-year capital plan.
Assessment and Capital Planning
518 Mohawk, Hamilton

518 Mohawk, Hamilton

Balcony and Building Envelope Restoration
A restoration project was completed, resulting in a brand-new look, with more occupant comfort, less energy use, and minimal disruption.
Building and Structural Restoration
Metro Distribution Centers

Metro Distribution Centers

Third Party Building Envelope Consulting
A third-party review, completed during a global pandemic, with water and condensation investigations ensuring optimal building air tightness and thermal performance during and after construction.
New Construction

Your Project, Our Expertise – Let’s Make It Happen

Our expert team is here to help you achieve your goals.

Get In Touch