Q: What are the advantages of owning a townhome/condominium and how does condominium ownership work?
A: A condominium is a legal form of shared ownership, where the owner holds title to the individual townhome and a shared interest in the building and grounds’ common elements. A condominium allows for the financial benefits of ownership while leaving the chores of property upkeep and maintenance to our professional property managers. Residents will purchase their condominium homes outright, and pay a monthly “condo fee” to fund all shared common area expenses.
Q: What are the Common Element Fees at Amber Grove Condominiums and what is included in the common element charge?
A: Common element fees will be in the range of $185 – $223 per month and will include water, snow clearing, yard maintenance, groundskeeping & landscaping, common area lighting, building insurance (owners require separate insurance for condominium contents and betterments), service contracts and professional management. Owners are responsible for hydro, telephone, Internet, cable TV, contents insurance and realty taxes.
Q: As a townhome owner will I have any part to play in the ongoing operation and management of Amber Grove Condominiums?
A: The project will be professionally managed by a property manager engaged by the Developers and later by the Condominium Corporation Board of Directors. As a townhome owner in the development, you have voting rights in your condominium corporation. An annual general meeting of all owners will be conducted to review the business of the corporation. You may participate in the management of the corporation to a greater extent if you wish to stand for election to the Condominium Corporation’s Board of Directors.
Q: Can I purchase a townhome at Amber Grove Condominiums and rent it until I am ready to occupy myself?
A: You may rent your townhome provided all rules and regulations of the Corporation contained in the condominium documents are complied with.
Q: How many buildings, units and floors will Amber Grove have?
A: Amber Grove Condominiums is made up of 14 buildings with a total of 117 individual units. The development consists of the following townhomes:
- 39 Aspen Models: Three-storey 3 Bed/2.5 Bath home with attached garage (no basement)
- 12 Bayberry Models: Bungalow-style 2 Bed/2 Bath home with basement & attached garage
- 32 Birch Models: Two-storey 3 Bed/2.5 Bath with basement & attached garage
- 6 Chestnut Models: Two-storey 1 Bed/1.5 Bath home with basement & exterior parking
- 16 Currant Models: Two-storey 2 Bed/ 1.5 Bath home with basement & exterior parking
- 12 Cypress Models: Two-storey 2 Bed/ 1.5 Bath home with basement & exterior parking
Q: What type of insurance will I require for my new condominium home at Amber Grove Condominiums?
A: The Condominium Corporation will provide insurance for the overall building. Owners will require separate condominium-unit owners’ insurance on their contents and on any options or upgrades. The Condominium Declaration provides further information.