Fees & Taxes
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The comment element "condo fee" will be based on your pro-rated share of the common element expenses of the building. The estimated condo fees are available upon request and may vary between suites. Each suite is individually metered for electricity which will enable condominium owners to control and monitor consumption. Please speak with one of our Sales Representatives for further information.
Common element costs include all "common elements" or shared costs including (but not limited to) common area heating and cooling (including parkade) maintenance, grounds keeping and landscaping, service contract for elevator and safety equipment, professional management and janitorial costs, building insurance, (owners require separate condominium contents and betterments insurance), snow and garbage removal, lights and power in the common areas, in-suite and common area water and sewer, as well as replacement and maintenance reserve charges etc. Residents pay separately for telephone, in-suite hydro, cable TV, "condo package" insurance, and property taxes.
Property taxes are to be set by the City of Winnipeg who does not confirm amounts until a later time. These taxes will be assessed and dependent on the size and purchase price of the unit. The home owners who declared their condo as their principal residence received a Manitoba Education Property Tax Credit of $700.00.
The purchase price has been presented with net GST included and if you are declaring this suite as your primary residence, then the Offer will be written accordingly. The GST rebate is initially paid out by the builder and subsequently credited back to them. If you are purchasing this unit for investment purposes, an additional 1.8% GST will be added to your purchase price.