West Peak Urban Living In Guelph

Incentives:

Stainless Steel Appliances ($1500 upgraded value)

Pot Lights in kitchen, living room and bathrooms ($7,500 value)

Development Charges Capped ($7,500 for 1 bedroom units, $10,000 for 2 and 3 bedrooms)

Assignments Permitted* *($10,000 charge for Building B & C) (Reduced from $20,000)

Building A -Assignments $5,000 (reduced from $15,000)

Leasing During Occupancy

Surface Parking Included ($35,000 value)

Pre- Approval Mortgage Letters Permitted

***Incentive Program is for a limited time only and is subject to change without notice. Terms and Conditions on the Assignment as stated in the Agreement of Purchase and Sale. See Sales Representative for full details.

1) What are the Key Site/Building Stats?

• ○  Building A- 105 units
• ○  Building B and C- 136 units in each building
• ○  Amazing amenities on this site including:
  • Outdoor amenities:
  • Building A with rooftop terrace
  • Courtyard/seating area between Building B and C and apergola
  • Pool- 6×12 (shrubs surrounding the pool area)
  • Tot Lot
  • Multi-sports court

● Full size Tennis Court, Full Size basketball court, and pickleball

■ BBQ area
● Tables and a wet bar outside

• 4 acres of lit forest with walking/biking trails. Forest with White Pines, Spruce Trees, Maple Trees, over 60 ft high
• Bike storage
• Dog/bike washing station

○ Indoor amenities: All in Tower A

• Gym
• Yoga Studio
• Party Room with Kitchen
• Co-working space- Tv Screens and tables

2) What is the construction start date?

○ January 2022

3. 3)  When is the first tentative occupancy date?
   • ○  Building A-June 2, 2023
   • ○  Building B- December 2023
   • ○  Building C- March 2024
4. 4)  What is the deposit structure?
   • ○  $5,000 on Signing
   • ○  5% in 30 days ( less the $5,000 on signing )
   • ○  5% in 90 days
   • ○  5% in 365 days
   • ○  5% on occupancy.
5. 5)  What is included in the purchase price?
   • ○  Stainless Steel Appliances ($1500 upgraded value)
   • ○  Pot Lights in kitchen, living room and bathrooms($7,500 value)
   • ○  Development Charges Capped

■ ($7,500 for 1 bedroom units, $10,000 for 2 and 3 bedrooms)

• ○  Assignments Permitted*($10,000 charge for Building B & C)
• ○  Building A -Assignments $5,000(Reduced from $15,000)
• ○  Leasing During Occupancy
• ○  Surface Parking Included ($35,000 value)

6) What are the monthly condo fees?

○ .44/ cents per sq ft.

7) How much are property taxes?

○ The property taxes will be assessed by the Municipal Property Assessment Corporation after occupancy and the property taxes are to be determined by the City of Guelph. For budgeting purposes, the property taxes have been estimated at approximately 1.2% of the base purchase price.

8. 8)  HST – Is it included in the purchase price?
   • ○  For owner-occupied suites, HST is included in the purchase with the new housing HST rebate assigned to the builder upon completion. (*Please note some conditions apply – please obtain independent legal and accounting advice).
   • ○  For non-owner occupied suites, the buyer will be required to pay the HST rebate amount to the Builder on completion. The buyer can apply to the Canadian Revenue Agency for an HST rebate. (*Please note some conditions apply – please obtain independent legal and accounting advice).
9. 9)  How many suites can I purchase?

○ Each person is limited to purchase TWO (2) suites.

10) Is parking included in the Purchase Price?

• ○  Yes surface parking is included in the price and this is a value of $35,000
• ○  Covered parking can be purchased for an additional $15,000
• ○  Structured parking can be purchased for an additional $7,500
• ○  If you would like a SECOND parking space this is an additional fee of: (this willbe noted for future reference and added via amendment)
  • Surface $35,000
  • Structured $42,500
  • Covered $50,00011) Are storage lockers available

• ○  No Storage lockers are available
• ○  Bike Storage12) What are some of the standard design finishes that are included? Refer to Features and FinishesBuilding Features
  • ●  Precast concrete construction system with architecturally designed finishes andcolours
  • ●  Poured concrete foundation walls and basement floors
  • ●  Foundation exterior wall wrapped with waterproofing membrane to guardagainst leaks (or equivalent)
  • ●  Quality caulking to all exterior windows and doors
  • ●  All windows are maintenance free Low E Argon gas filled
  • ●  Spray applied urethane insulation installed on all exterior walls as required bythe Ontario Building Code
  • ●  Front door access control system for visitors
  • ●  Fitness room (may be located in another building within the complex)
  • ●  Party room (may be located in another building within the complex)
  • ●  Rooftop patio area (may be located in another building within the complex)
  • ●  Bicycle storage area (may be located in another building within the complex oran exterior structure)
  • ●  Moving room
  • ●  Outdoor amenity area with seasonal outdoor pool, multi-sport court, courtyardpergola, covered BBQ area, child play area, lit forest walking trails and outdoorpet wash station.
  • ●  Energy efficient central HVAC system and hot water generation
  • ●  Energy efficient light fixtures
  • ●  Central water softeners
  • ●  Two Hi efficient Upgraded MRL elevatorsROOFTOP AMENITIES INCLUDE

● Professionally designed rooftop patio space with gas BBQ, outdoor kitchen and outdoor seating areas

13) How many elevators are in the building?

○ 2 high-speed full-size elevators per building 14) What are the ceiling heights?

○ Impressive 8’ 8” ceilings except in areas where architectural details, mechanical or ductwork require ceiling height to be lowered.

15) Utilities — how are they managed/paid?

○ Condo suite owners pay hydro and water — these are separately metered 16) Are pets allowed?

○ Yes, but restricted on breed and size.
17) Can heating and cooling be controlled in the Suite?

○ Each suite will include an individual thermostat to control heating and cooling. 18) Who is the property management company?

○ FirstService Residential Ontario

19) What is included in the condo fees?

○ -Buildingmaintenance(interiorandexterior)
■ Including: irrigated grounds maintenance on the grounds

• ○  Wasteandrecyclingcollection,Snowclearing
• ○  Annual exterior window cleaning, elevators
• ○  Useofcommonareaamenities
• ○  ProfessionalPropertyManagement
• ○  Insurance(Property,Liability,DirectorsandOfficersLiability)
• ○  Pool Maintenance

20) Are short term rentals permitted (e.g. Airbnb)

○ No short term rentals permitted

21) Will the builder allow assignments of the Agreement of Purchase and Sale?

• ○  Authorization and timing of any assignments are solely at the Builder’s discretion and are not guaranteed. An Assignment Fee of $10,000 will apply on all approved assignments payable to the builder at the time of approval by the builder for Building B and C.
• ○  Building A- The assignment fee is $5,00022) What should I bring to the sales office if I am buying?

• ○  Photo identification is required (i.e. Driver’s License or Passport)
• ○  Deposit cheque in the amount of $5,000 payable to HARRIS SHEAFFER LLP INTRUST23) Are there any Investor Incentives?

• ○  Stainless Steel Appliances ($1500 upgraded value)
• ○  Pot Lights in kitchen, living room and bathrooms($7,500 value)
• ○  Development Charges Capped

■ ($7,500 for 1 bedroom units, $10,000 for 2 and 3 bedrooms) ○ Assignments Permitted*

■ *($10,000 charge for Building B & C)

• ○  Building A -Assignments Fee is $5,000 (Reduced from $15,000)
• ○  Leasing During Occupancy
• ○  Surface Parking Included ($35,000 value)
• ○  Pre- Approval Mortgage Letters Permitted24) Additional Key Points

• ○  A true mixed-use community where you can live, work, play
• ○  Amazing amenities on this site including:
  • Outdoor amenities:
  • Building A with rooftop terrace
  • Courtyard/seating area between Building B and C and apergola
  • Pool- 6×12 (shrubs surrounding the pool area)
  • Tot Lot
  • Multi-sports court

● Full size Tennis Court, Full Size basketball court, and pickleball

• BBQ area
  ● Tables and a wet bar outside

4 acres of lit forest with walking/biking trails. Forest with White Pines, Spruce Trees, Maple Trees, over 60 ft high

Bike storage
Dog/bike washing station

• ○  Indoor amenities: All in Tower A
  • Gym
  • Yoga Studio
  • Party Room with Kitchen
  • Co-working space- Tv Screens and tables
• ○  Close to restaurants, grocery stores, local shopping plazas.
• ○  Modern finishes, high-quality suites**Please verify all information with your Sales Representative ** ** Incentives and prices subject to change without notice***