TRANSFER DUTIES EXEMPTION
The seller might offer the buyer the possibility of purchasing the company (100% of the shares) that owns the building, to be exempt from the Property Transfer tax of +/$311,733. Note that the company only holds this building as an asset and the financial statements are prepared by a CPA firm. All subject to an accounting and legal review of course.

SELF MANAGED BUILDING
Building has a Property Manager who looks after all service calls, repairs, rentals and day-to-day oversight

DETAILS OF THE 2 LOANS THAT ARE TO BE ASSUMED BY THE BUYER:
LOAN 1
. Initial loan amount: $5,074,109.99
. Monthly Payment (C+I): $17,021.87
. Term : 126 months
. Interest rate: 2.080%
. Amortization period 35 years
. Date of the first payment: October 2020
. Date of the last payment: March 2031
. Balance owed on June 1, 2024 = $4,687,725

LOAN 2
. Initial loan amount: $1,232,031.68
. Monthly Payment (C+I): $4,607.46
. Term: 118 months
. Interest rate: 2.820%
. Amortization period: 35 years
. Date of the fist payment: March 2022
. Date of the last payment: December 2031
. Balance owed on June 1, 2024 = $1,182,060

PROPERTY DESCRIPTION
. The building is comprised of 18 units of which 2 are commercial spaces, a 30-car indoor garage and 3 elevators

. The 2 commercial spaces are a hair salon on the ground floor and an esthetics salon on the 2nd. GST and QST will apply on these 2 commercial spaces.

. 12 X 5 ½s and 6 penthouses on 2 levels

. The 5 1/2s measure approx. 1,490 sq. ft. and the penthouses 2100 sq. ft.

. Concrete floors - Superior soundproofing

. The Penthouses have a huge living/family room on the 2nd level with a large terrace - watch the video

. Laundry room in all apartments

. Large walk-ins in all apartments

. Quartz kitchen counters

. 22 secure-access storage spaces (lockers)

. 2 electric vehicle charging stations

. Automatic irrigation system in the garage

. 10 cameras installed inside and outside - connected to the internet + DVR

. Intercom with camera - wired installation

. Sun protection film installed on 3 stairwells

. Fire extinguishers installed in stairwells and garage

IMPORTANT CONSIDERATIONS
. gas fireplace installed in all apartments
. 2 gas fireplaces in all penthouses, one on each level
. Heating is gas - forced air. Water heaters are also gas-fired. Gas consumption paid by the tenants
. Water heaters belong to the building
. Heated floors in all bathrooms and powder rooms
. Smoke detectors installed in all apartments and connected to the central alarm panel
. Central alarm panel tested annually by Viking - certificate of compliance on hand
. Magnetic key to enter the building and a remote control for the garage

OTHER
. Dogs are prohibited, however permitted on request only
. Snowblower included in sale price
. Website included in sale price - visit squaremasson.com
. Non-smoking building
. Bar-B-Q allowed