Richmond Review · Page 5
Friday, July 12, 2013
Leasehold condo owners get big repair bill Bristol Court condos on Ryan Road hit with $2.7 million in repairs by Martin van den Hemel Staff Reporter More headaches for local leasehold condo owners, this time in the South Arm neighbourhood where dozens of residents were recently informed they live in a building that needs sizable repairs. Leasehold real estate properties can be purchased like regular properties, but they revert back to the landlord after a specified period of time, with leases running up to 99 years. While buyers own the lease and enjoy the property at often belowmarket prices compared to similarsized strata condos, they also have legal obligations to maintain the building and return it at the end of the lease in the same condition as when they purchased it. Footing the bill at Bristol Court, 8020, 8040, 8060 and 8080 Ryan Rd., will be the leasehold purchasers themselves, who will be doling out tens of thousands of dollars each over the next two years, according to a notice by Westsea Construction that was obtained by The Richmond Review. While Westsea Construction, the company that owns the four buildings, declined to comment for this
story, their notices gave a detailed picture of what was happening. “Beginning on June 24, 2013, Bristol Court will undergo remedial work, which includes demolition and replacement of the cladding, windows, sliding doors, guardrails and associated work...Please be advised that both interior inspections and asbestos abatement will require access into your unit,” one notice states. “The total costs of the project are estimated to be $2,729,338.67 (including taxes). Your portion according to your unit entitlement is shown below; each individual leaseholder’s portion has been divided into 12 equal payments. Payments are due on the first of each month starting August 1, 2013 and ending on July 1, 2014.” And for those who opt not to pay? “Interest at 6 % will be charged on all overdue balances.” For one homeowner, the bill is $76,520.68, though it’s unclear if this is for one home, multiple units, or the result of a typo. Most residents are paying an additional $1,400 to $2,300 per month for a year. If this story sounds familiar, you might recall the residents of Sussex Square, another multi-building leasehold condo complex near Granville and Railway belonging to Westsea Construction, where owners faced similarly hefty repair bills, averaging $47,000 per unit. Many residents at Sussex Square
Pharmasave Steveston Village Richmond’s Natural Pharmacy
banded together to hire a lawyer, and take Westsea to court. But the B.C. Supreme Court ultimately ruled against the homeowners, who had failed to prove their claim that Westsea was negligent in maintaining the building and alleging Westsea’s actions contributed to the damage. Five condos at Bristol Court are currently for sale, but there’s no mention in the descriptions of the assessment in any of them on realtylink.org. Local realtor Peter Wen, who is listing a 693-square-foot one bedroom, one bathroom apartment at Bristol Court for $116,000, said there’s a requirement by law to disclose to potential buyers about the assessment the owners face. He declined to disclose his client’s share of the bill. Another two-bed, one bath 966 square foot condo is listed for $155,000, and billed as “total renovated...owner spent $40,000.” But it also says: Roof repair 2011, balcony repair 2010. Another description goes as far as to say: “Great opportunities for first time buyers and investors.” At Bristol Court, a meeting to inform the residents about the multimillion dollar repair bill was held in the parking lot outside one of the buildings on June 26. “Please bring your umbrella if it is raining,” the notice said. For most residents, it must have felt like it was pouring.
SALE PRICE
Diabetes and Heart Disease Treatment and Prevention Traditional Medicine and Natural Pharmacy Prescriptions and Supplements from your Naturopathic Doctor Prescriptions from your Dermatologist Vaccinations for Shingles, Flu, Whooping Cough, Hepatitis Veterinary Prescriptions & Supplements Homeopathic products, tinctures, and specialty supplements Organic and gluten free baking, groceries, and specialty diets
SALE PRICE
5999
$
$
AOR Modified Citrus Pectin Reg. $98.99
Nordic Naturals Fish Oils Assorted
SALE PRICE
Have you or someone you know been recently diagnosed with cancer? Learn about effective and safe strategies to help prepare you for treatment, what to avoid during chemotherapy and radiation, and how to better rejuvenate yourself after treatment. Appointment recommended. Have you or someone you know suffered from shingles? Shingles vaccines are now available and provided onsite here at Pharmasave Steveston Village! No prescription required!
$
11
Escents Essential Oils Reg. $13.99
99
$
SALE PRICE
SALE PRICE
Lorna Vanderhaeghe Estrosmart Reg. $52.99
99
$
Sierrasil Joint Formula (180s) Reg. $59.99
SALE PRICE
Sisu Ester C Assorted
49
$
99
Progressive Organic Whey Reg. $69.99
Prices effective July 12 – July 25, 2013
SALE PRICE
SALE PRICE
54
$
7
$ 99
15
% OFF
Organic Traditions Sprouted Chia and Flax
1699
Bach Rescue Remedy Reg. $19.99
NOW Psyllium Husks Reg. $10.99
SALE PRICE
99
SALE PRICE
9
$ 99
% OFF
SALE PRICE
47
$
Are you feeling anxious or depressed? We know that life can sometimes be a little overwhelming! And although traditional medications can be effective, natural supplements can often be great additions or replacements to your existing therapy! Depending on your specific condition, and what you may already have tried, our natural pharmacists can help decide what products might be helpful for you. From something as basic as a little extra Vitamin D to something a little more complicated like L-‐Theanine, we will be here every step of the way to guide you along. Relax with us at Pharmasave! Visit us in-‐store today to learn about our natural treatment protocols for anxiety and depression.
15
% OFF
Thorne Vitamin B and B Complexes Assorted
Treating Anxiety and Depression Naturally
SALE PRICE
15
99
Metagenics Ultraclear Liver and Body Cleanse Reg. $98.99
3999
Vega Macasure Capsules Reg. $44.99
89
15
$
% OFF
Do you suffer from chronic constipation? Learn about the latest protocol for treating small intestinal bacterial overgrowth (SIBA), one of the main causes for constipation related irritable bowels! If other constipation treatments have not worked for you, this might be your ultimate solution! Speak with our pharmacist today to learn more!
SALE PRICE
8999
SALE PRICE
SALE PRICE
Happening Now!
3799
$
Align Probiotic Reg. $44.99
Enerex Serrapeptase Supplements Assorted
SALE PRICE
Mitsuwa Collagen Pure Reg. $112 ** Limited Quantities, No Rainchecks
SALE PRICE
20% OFF
Dr. Hauschka Natural Milk Cleansers and Toners
We specialize in the following:
Granola King Cereals Reg. $8.99
Experience the difference at Pharmasave Steveston Village, your community store! NALIST FI Best of
RICHMOND 2013
www.stevestonpharmasave.com
PHARMASAVE STEVESTON VILLAGE
105-12420 No. 1 Road, Richmond, BC V7E 6N2
604.232.0159
Parking garage just south of store on No. 1 Rd. Facebook.com/steveston.pharmasave • twitter.com/mypharmasave
STEVESTON PARK
STEVESTON COMMUNITY CENTRE
MONCTON STREET NO. 1 ROAD
• • • • • • • •
SALE PRICE
20% OFF
Home of your favorite Organic & Gluten-Free groceries, naturopathic supplements, and specialty compounding
Footing the bill at Bristol Court, 8020, 8040, 8060 and 8080 Ryan Rd., will be the leasehold purchasers themselves,
Parking Garage BAYVIEW STREET