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PRESENTATION
Rehabilitation work and typical project costs
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The project involves extensive rehabilitation work to modernize and improve the buildings. This work is aimed at enhancing the quality of life for residents and ensuring the long-term viability of the properties.
- New building systems will be installed, including low-carbon electrical and heating systems, and new water and gas lines.
- Unit layouts will be legalized and brought up to code.
- New and improved accessibility features will be added, including accessible showers and wheelchair accessibility within units.
- Most residents have seen and signed off on their new unit layouts.
- Investing in major upgrades now will reduce future maintenance, repair, and operating costs.
Regina Lovitt
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Next slide, please.
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Typical project costs that are included in the rehabilitation work are including new building systems, which include low carbon electrical and heating systems, and new water and gas lines.
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Costs also go into legalizing the unit layouts and bringing the buildings up to code, introducing new and improved accessibility features, including accessible showers and wheelchair accessibility within the units.
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Most residents in these buildings have seen and signed off on their new units layouts.
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Next slide, please.
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Importantly, investing in these major upgrades now will reduce future maintenance, repair, and operating costs while ensuring the building is newly renovated and in good condition before ownership is transferred.