1133 Ritson Road:
Price: $135000 – $160000
Condo Fees: $175 includes water, building insurance, parking, and common elements.
Located at the intersection of Ritson and Beatrice are the townhouses of 1133 Ritson Road (entrance off Ritson or Beatrice). Available in a 2 storey or 3 storey layout ~ 2 or 3 bedrooms ~ some have finished basements or walkout basements depending on the Layout.
The last time I went to sell a condo here the Status Certificate indicated some issues with the reserve fund. It seems the management company has been operating over budget and dipping into the reserves to cover the day to day expenses. This was last fall in 2007 ~ It’s always important to have good lawyer who takes their time reviewing this document. In our case ~ my client was able to walk away from the property and save themselves considerable aggravation and loss of money. The government sets a standard for how much money should be in the reserve fund ~ if the level of money is below the standard ~ then every owner will be charged a fee to top up this fund. Always be careful and investigate as much as possible before proceeding with a purchase. These problems may have been resolved this year ~ but take extra care if considering making 1133 Ritson Road your next home.
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