05-06-2023, 11:39 AM
(05-05-2023, 12:38 PM)taylortbb Wrote:(05-05-2023, 12:13 PM)danbrotherston Wrote: I thought it was only a 66% majority for material changes to the common elements (which depending on how the condo is structure, is what parking could be defined as.
But I think the point remains...it would be extremely difficult and extremely risky.
If you look on the Kitchener GIS system, the west building (410 King) has dozens of parking spots individually drawn. The borders of the condo corp don't even go around the parking lot.
Yes, but ... based on the Kitchener ownership database, all those parking spots and areas appear to be owned by 45 Victoria St Limited. Is that the condo corporation, or is that a separate company? It could even be that 45 Victoria St is a parking-only condo corporation, and thus a Kaufman loft owner would need to also buy a parking unit in the other condo corporation.
If it's a separate condo corporation, then the parking is no longer common elements, and I think redevelopment of the parking would likely require the entire corporation to be sold.