Developed by HIP DEVELOPMENTS, STRATA stands like a masterpiece of style and originality. Made available for public (2018 09) this condo project is the star or WATERLOO. As of today it's status is PRECONSTRUCTION. There are so many more benefits to living a condo lifestyle in Toronto than we have listed for you here. Whether it is affordability, safety and security, investment appreciation, interior decoration customization, or something else, there’s no question you’ll be a winner.
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Strata on 70 King Street
Strata boasts an enviable location in the Burlington core, magnificent views of Lake Ontario, and a commitment to sustainable development, Just a short walk to Spencer Smith Park and many area restaurants.
Registering for LEEDs certification, Strata utilizes a number of green features including geothermal ground source heating, a green roof and water efficient features that reduce water consumption by as much as 40%.
Strata offers a vast array of amenities developed to complement your way of life. Indoor rooftop pool and hot tub, 5,600 square foot meditation garden, fitness room, bicycle room.
With luxury suites designed to suit every lifestyle, Strata is modern condo living that aims to exceed your expectations.
As a unit owner, you have title to your unit as well as a share in common property such as a lobby, rooftop patio, swimming pool, parking garage and other amenities. A bare land strata or condominium may have only a few common areas such as streets or roadways that provide access to the units. Any area that is available for use by all unit owners is considered common property or a common element.
Some examples may include the lobby, elevators, gardens, swimming pool and other recreational facilities. Unit owners share the expense of maintaining common property by paying monthly maintenance fees. Limited access common property – such as a balcony or storage locker – maybe common property or a common element even though a unit owner has exclusive use.
Owner’s increased improvement coverage for upgrades to your unit that may exceed standard condominium corporation insurance limits may be of value if you’ve added custom counters or upgraded flooring or plumbing fixtures.
Contingency coverage insures your unit itself so that you are protected in the event that your condominium or strata corporation’s insurance is insufficient.
Loss assessment coverage is unique to condominium and strata insurance. Since unit owners share responsibility for common property or elements, this coverage pays your share (up to a stated limit) for a major property or liability loss on common property that may exceed the corporation’s policy limits.
Directors’ and officers’ liability coverage provides protection to unit owners who are elected members of the condominium or strata board of directors.