Oakview Apartments Ltd. is a freehold co-operative building owned by 25 shareholders. Built in 1948 (concrete slab, brick, wood and stucco construction) the building has a long reputation for being well managed and maintained as reflected by the building’s impeccable appearance, sound structure and large contingency fund. The Co-op’s assets include a caretaker’s apartment.
Recent projects initiated & completed by the board include:
- a new boiler, main water line & front entrance way (2008)
- a comprehensive electrical engineering report attesting to the safety and capacity of the system (2008)
- new double-paned noise-eliminating vinyl windows, flashings & exterior paint job (2007)
- new tar & gravel roof (2005)
Common facilities include:
- Immaculately kept shared laundry, with washing machines, dryers, and clothes lines for the environmentally minded
- Shared bike-room with space to hang bikes and make repairs
- Bright, clean and well maintained common areas
Costs:
- Monthly maintenance fee of $233.80 covers: hot water, heat, laundry washer & dryer, building insurance, building management, and a friendly and helpful caretaker
- Electricity costs the current owners less than $20 per month
- Low Property Taxes, only $365 in 2008
House rules:
- no pets, children or rentals allowed (the house rules permit renting to family or friends for up to 1 year if the owner is out of the lower mainland for work, travel, study or family reasons).
- 35% down-payment required to purchase
Don’t let the best buy in Vancouver West get away!
