Frequently Asked Questions

Here is some practical information about the condominium building and suites at The Residence.

Condominium Info

What expenses are NOT included in the Condo fees?

  • In suite hydro is billed directly to you based on the usage recorded by your individual hydro meter. Items include electricity for lights, plugs, appliances, exhaust fans and air conditioning and air exchanger.
  • There are no natural gas appliances in suites. A natural gas bib is on balconies for barbecues only.
  • Homeowners insurance on your contents and any upgrades.
  • Individual suite property taxes.
  • Communication services (phone, internet, TV, etc.).
  • Individual comfort-controlled heating and air conditioning on demand for seasonal comfort year-round. VRF System has two zones (living areas + bedrooms), equipment is owned by the occupant.

What part of the condo do I actually own?

  • In most instances, you own everything inside your condo suite, including the half-thickness of the walls which separate you from neighbouring suite owners. In addition, you own a proportionate and prorated share of all common elements and the land on which the condo complex is built.

What do I need to know as a Condo homeowner?

  • You are bound by the rules and regulations contained in the condo’s declaration and by-laws. These by-laws tend to have restrictions, allowing pets or otherwise, not allowing a commercial business to operate from your suite.
  • The overall decision-making process of the condo complex is made by the majority of the suite owners and executed by their Condominium Corporation’s board members or elected association.

What do the maintenance fees include?

Each owner will pay to the Condominium Corporation their proportionate share of the following common expense for the building:

  • Domestic hot and cold water for the common building area.
  • Common Area Utilities (including heat, hydro, air conditioning, water and gas, if applicable)
  • Common Area base building and your suite insurance (owners will need to procure their own homeowners insurance)
  • Common Area Property Taxes (owners are responsible for condominium unit property taxes)
  • Common Area repairs,
    • Repair and maintenance
      • Exterior
        • Window cleaning
        • Ground Maintenance fees; Snow removal, garden and landscape maintenance, asphalt markings/painting and repair
      • Interior
        • Cleaning, maintenance and repair of Common areas (mat services)
        • Cleaning, maintenance and repair of Amenity areas (including furniture and equipment therein)
  • Property management fees and disbursements (part-time manager and maintenance staff, office supplies, phone and fax lines, administrative accounting, consultants, licenses and fees, etc.)
  • Reserve Fund and Studies
  • Cost of legal, accounting, auditing and engineering services or other professional advice and services required by the Condominium Corporation

What are the Condo maintenance fees?

  • As a condo owner you are required to pay mandatory monthly maintenance fees. These fees are separate from your monthly mortgage payments. Maintenance fees go toward paying for the overall upkeep of the common areas in a condo complex.

Construction

What systems are being installed for Telephone, TV, Internet Access and Security?

  • We will pre-wire each suite with Fibre and provided outlets in Master Bedroom, Living area and Den. Pre-wired for one dedicated telephone line and data line in living area. Individual Electrical service panel with circuit breakers located within the suite.
  • Owners will be able to have security systems installed in their suites, at the owner’s expense once they take possession from the Vendor.

Can I make changes to my floorplan?

  • Structural changes will not be permitted, to maintain the structural integrity of the building.

What is the quality of the soundproofing?

  • The expertise of our partners and that of an acoustics specialist has established a level of soundproofing quality that surpasses industry standards. Nevertheless, soundproofing cannot fully absorb certain types of sounds such as vibrations from stereo loudspeakers playing deep bass sounds or people running down the stairway.

Is the building designed to be Barrier Free?

  • Yes, the common areas of the building include some of the requirements of the Ontario Building Code (OBC 1997, Section 3.8) in accessibility planning and universal design.

What does Barrier Fee Suites mean?

  • The building code requires that 15 per cent of homes within a new multi-unit residential building have a barrier-free design. Doors and hallways have to be wider to allow room for a wheelchair and ramp dimensions have been updated to make new buildings easier to access washrooms.

Will Barrier Free Suites include accessibility specifications?

  • No, each suite will be designed with standard finishes. If you require accessibility specification modifications to your suite, this can be arranged during your design consultation with our Interior Designer.

Will some of the suites be available to move into before the entire building is completed?

  • Yes, you will be able to move into the building once all life safety issues are approved. (fire alarms, water sprinklers, etc.)

When will The Residence at Thunder Bay Country Club building be completed?

  • Projected completion is slated for Spring 2021, but it will be highly based on construction.

What is the projected build time for this project?

  • Estimated build time is 24 months, this is of course, dependent on weather, trades, etc.

Features and Finishes

Are the light fixtures included?

  • Your suite will be delivered with standard light fixtures. You are then free to replace them with light fixtures that best suit your décor needs.
  • The kitchen ceiling includes low profile LED downlights and roughed-in electrical service, so you can install the pendant and chandelier fixtures of your choice.

What appliances are included with each suite?

Included in the purchase price, each suite will be outfitted with Whirlpool Energy Star, high efficiency appliance package that includes:

  • 35″ stainless steel counter-depth French door refrigerator
  • 28″ stainless steel combination microwave and wall oven
  • 30″ electric ceramic glass cooktop
  • 24″ stainless steel dishwasher
  • 24″ stackable washer and dryer set

Does The Residence at Thunder Bay Country Club allow domestic pets?

  • Yes, with some restrictions. A “household pet” or “pet” is defined as a dog (which is no larger than thirty-five (35) pounds), domestic cat, caged bird or fish, or any other animal that the Board may designate as a pet in its sole discretion from time to time. Refer to the Condominium’s Rules and Regulations when they become available.

Are there laundry facilities?

  • Each residential suite has a stackable washer and dryer. No common area laundry facilities will be provided in the building.

What other amenities will be available?

  • A Fitness Room with Virtual Training Studio area (large TV/monitor for Yoga or spin classes)
  • Large Residence Lounge activities room with 3 sections plus spacious outdoor patio
    • Games Room (pool and poker tables plus TV/Monitor)
    • Social Lounge (comfortable furniture, misting water fireplace and TV/Monitor)
    • Multi-function room (tables and chairs, partial kitchen facilities, dumb waiter to bring up catered food from the restaurant, sit up bar counter, TV/Monitor)
  • Private Lounge/Party room
    • Library Lounge off the lobby can be used as an everyday sitting area or reserved by residents for private parties or meetings
    • It has a large dining table which can accommodate 10 persons comfortably

Will there be owner storage lockers available?

  • There is a locker available for each suite. Each owner can select a locker from a variety of sizes.

How many parking spaces will be assigned to each condominium?

  • Parking is extra to purchase price; there are a selection of single, tandem and handicap spots available, both underground.

Were can visitors park?

  • There will be outdoor parking spaces for use by visitors at no additional charge. No visitor parking underground

Does the building have a security system?

  • Yes. The Lobby, Main Entry vestibule and Garage will have surveillance cameras. Key fob access to the building entrances, underground parking garage and other common areas. Secure and well-lit underground parking area, monitored with cameras and two-way voice communication from entry and selected area of underground garage.

Once Occupied

What is the property tax?

  • Although these suites have not been assessed, the property taxes will be assessed at the going rate for the City of Thunder Bay.

What will I require when it comes to insurance on my suite?

  • A building insurance policy typically will cover common areas, such as the structure, lobby and elevators, but does not cover an owner’s personal belongings.
  • Condominium insurance requirements vary across Canada. You should consult the provincial condominium legislation, your condominium’s governing documents as well as a condominium insurance specialist to ensure sufficient coverage.

Will I be allowed to do any upgrades or hire my own subcontractor to work on my suite?

  • No, due to liability issues, any customization must be performed after the suite has been sold and the owner has legally closed. At that time, the owner may customize the suite provided doing so complies with guidelines established by the Condominium Corporation and with the express written permission of the Condominium’s Board of Directors, as per the Rules and Regulations and By-laws of the Condominium Corporation.

What can, or can’t I do inside my own suite with regards to changes once I’ve taken ownership?

  • Any d‌écor changes are permitted that do not require structural changes.

After the building is complete and I have purchased my suite, will there be any restrictions when selling my condo to someone else?

  • Once the Suite has been closed and you have received Title, you may choose to sell your suite.

Sale Agreement

What is Interim Occupancy?

  • The closing date is when the ownership of the condominium suite is registered and transferred over to the buyer (you) from the builder. This registration cannot take place until all the suites in the condominium building have reached a degree of construction (as set out in the regulations of the Condo Act). However, before the building is registered many of the suites will be substantially complete and will already have obtained the occupancy permits from the city. This allows the builder to move the owners in, without the owner having ownership of the suite. It is standard for a developer to require the buyer to take occupancy before the buyer gets ownership, and this will be written out in the Agreement of Purchase and Sale.

As a Purchaser what should I know?

  • All suite pricing is quoted net of the HST. A rebate may be available to qualified purchasers. In the event that the purchaser does not qualify (e.g. Not your primary residence, not a Canadian Citizen/Resident) you will have to pay the quoted price plus 13% HST to the vendor on closing.

As stated in the Purchase and Sale Agreement;

  • The Purchaser shall be obliged to pay to the Vendor (or to whomsoever the Vendor may in writing direct), by certified cheque delivered on the Title Transfer Date, an amount equivalent to the Rebate, in addition to the Purchase Price and in those circumstances where the Purchaser maintains that he is eligible for the Rebate despite the Vendor’s belief to the contrary, the Purchaser shall (after payment of the amount equivalent to the Rebate as aforesaid) be fully entitled to pursue the procurement of the Rebate directly from CRA. It is further understood and agreed that in the event that the Purchaser intends to rent out the Unit before or after the Title Transfer Date, the Purchaser shall not be entitled to the Rebate, but may nevertheless be entitled to pursue, on his own after the Title Transfer Date, the federal and provincial new rental housing rebates directly with CRA, pursuant to Section 256.2 of the Excise Tax Act, as may be amended, and other applicable legislation to be enacted relating to the provincial new rental housing rebate.

When purchasing a new condo or home to rent out, the Ontario NRRP Rebate can only be applied for by the buyer after closing and never by the vendor. The Purchaser will need to pay the full purchase amount including HST upfront until he or she is granted the rebate. For this reason, anyone who buys a new home or condo as an investment property should promptly apply for the rebate.

For more information please visit, New Residential Rental Property Rebate-Government of Canada

Will my deposit be protected?

  • When buying a pre-construction condo from a reputable developer, your purchase is covered by the Tarion Warranty Corporation, TARION provides deposit protection of up to a maximum of $20,000. Any deposits greater than $20,000 will be held in Lawyers trust account. This way, in the unlikely event that the condo project is not completed, no deposits will be lost.

Can we make changes or negotiate the Agreement of Purchase and Sale?

  • No, the contract will be non-negotiable and no modifications will be permitted.

Will I need to see a lawyer prior to purchasing a suite?

  • You do not need to have your lawyer review the agreement before you sign it, but note that once the agreement is signed by both you and the developer, you have only a 10-day period in which to have the agreement reviewed by your lawyer, who can then advise you whether or not to proceed with the sale. Once the 10 calendar days has been reached, your APS will be firm and binding, unless your lawyer has notified the Vendor within the 10-calendar day period.

What is required at the time of signing the Agreement of Purchase and Sale?

  • 1 current-dated and 3 post-dated cheques (see Deposit structure below)
  • Lawyer’s contact information including email
  • Social Insurance Numbers (SIN)
  • Valid Government issued driver’s licence or passport

What is the deposit structure setup?

  • 5% due upon execution of the Agreement of Purchaser and Sale
  • 5% @ 30 days
  • 5% @ 90 days
  • 5% @ 120 days

The Building

How is garbage and recycling disposed of?

  • A garbage chute and recycling bins are located on every level of the building beside the elevators. Garbage collection is privately contracted and is part of your condo fees.

What is the property management company?

  • To be Determined

How many suites will be in the building?

  • 109 suites

What should I know about the quality of construction?

The latest developments in building science have been incorporated. The construction methodology and quality of the material selected will help to facilitate at 50 to 100-year maintenance free building. This is an ultra low maintenance building with an incredibly low energy footprint. It is essentially residential construction built to institutional grade. Not only will it maintain its appearance and generate pride but also result in lower condo fees. The reward for living here will be day-to-day satisfaction backed up by long-term investment value.

Where is The Residence at Thunder Bay Country Club condominium building located?

1130 Golf Links Road, Thunder Bay (just south of the corner of Golf Links Road and Oliver Road), on the grounds of the Thunder Bay Country Club

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