08-09-2020, 08:30 PM
(08-09-2020, 08:17 PM)panamaniac Wrote:(08-09-2020, 08:09 PM)tomh009 Wrote: I think your fee estimate is a bit on the high side. If you assume an average unit size of 900 sq ft and initial condo fees of $0.42 (ex security) which is fairly typical, you get about $4500 per unit per year and $1.35M for the condo corporation budget.
You would outsource the security (not many condo corporations want actual employees) so I'd guess you'd pay around $25/hour all in. That's $220K, or a 16% bump on the condo fees. And this is why our building does not have 24/7 on-site security (we're somewhat smaller, too).
It’s also why 155 Caroline cut back on their original concierge plans, afaik.
Fewer buildings do now, I think. Canada Post and Amazon provide lockers, and it's hard to justify the spend for a concierge or security.
Are new buildings offering 24/7 security or concierge in Ottawa?