Before treating any Arbor Creek condo as a good buy, review the status certificate the condo corporation provides, which discloses the reserve fund balance, upcoming special assessments and any active litigation. A healthy reserve fund means the building can cover a roof or elevator replacement without a surprise bill to owners.
Factor the monthly condo fee into your carrying cost alongside a $400 to $600 in-suite inspection and $800 to $1,500 in legal fees, since the fee is a permanent cost that a single family home in the same area does not carry.
The building's paperwork tells you more than the address does. Get your hand-reviewed valuation from Joel Dyck.