A reserve fund study shows whether the condo corporation has saved enough for future roof, elevator and mechanical replacements, and a thin reserve fund often means a special assessment down the road, which lands on owners as an unplanned bill. Ask for the last 2 to 3 years of condo board minutes and financial statements, since those show whether the building has had recurring problems.
Because Varsity View is close to Broadway Avenue, the university and the river, demand for a well-built infill condo tends to be strong, but that same demand can mask a rushed build if you do not look past the finishes. A pre-possession inspection matters as much here as on any resale purchase.
Joel Dyck reviews the condo documents and construction quality with buyers before they commit, so the appeal of the location does not outrun the condition of the building. Get your hand-reviewed valuation from Joel Dyck.