Reading a Whitby condo listing
Start with what the fee includes, because Whitby buildings differ widely: some older towers fold heat, water and hydro into the fee, whereas newer Port Whitby buildings meter suites separately and post a leaner fee that grows once the utilities are added back. Find out whether the parking and the locker are deeded to the unit, assigned as exclusive-use common elements, or rented month to month from the corporation, since that changes both resale and what the lender will count. Order the status certificate, which the Condominium Act gives the corporation ten days to produce, and have your lawyer scrutinize the reserve fund study, then the budget, then any mention of a special assessment or a lawsuit. Look at the rail line and Victoria Street traffic from the actual balcony at rush hour if the unit faces south in Port Whitby, and at the age of the windows in the Dundas Street towers. Buyers competing with investors should also ask whether the building limits short-term rentals.