867 53rd Street Condominium

Amendment 2 April 2023

As-built square footage changes adjusted unit percentages of common interest and common charges; offering plan extended six months.

• Unit square footages revised to reflect as-built measurements
• Common interest percentages updated for all units (Unit C: 15.49% to 15.52%, Unit 1: 17.47% to 17.31%, Unit 2: 13.30% to 13.35%, Unit 3: 11.53% to 11.58%, Unit 4: 11.53% to 11.52%, Unit 5: 11.53% to 11.52%, Unit 6: 10.70% to 10.73%, Unit 7: 8.45% to 8.47%)
• Monthly common charges adjusted accordingly (Unit C: $789.74 to $791.57, Unit 1: $891.04 to $882.95, Unit 2: $678.11 to $680.89, Unit 3: $587.95 to $590.53, Unit 4: $587.95 to $587.28, Unit 5: $587.95 to $587.28, Unit 6: $545.81 to $547.07, Unit 7: $430.94 to $431.93)
• Revised Schedule A with updated 339i Compliance Letter attached
• Condominium Maps reflecting as-built square footages attached; to be recorded after tax lot subdivision
• Offering plan period extended an additional six months from amendment date
• No units yet in contract

Amendment 1 October 2022

Amendment corrects common element allocations in Schedule A, updates first year of operation to July 1, 2023 through June 30, 2024, provides new real estate tax estimates with ICAP exemption projections, and raises all unit prices.

• Unit prices increased: Unit C $800,000→$1,500,000, Unit 1 $1,000,000→$1,800,000, Unit 2 $800,000→$1,300,000, Units 3-5 $800,000→$1,200,000, Unit 6 $800,000→$1,150,000, Unit 7 $600,000→$950,000
• Common element allocations corrected: Unit 1 and Unit 6 terrace areas reallocated to Units 2 and 7
• First year of condominium operation moved from July 1, 2022–June 30, 2023 to July 1, 2023–June 30, 2024
• Real estate tax estimates updated with ICAP exemption projections: $129,788 without benefits, $6,336 with benefits for 2023/2024 tax year
• Offering plan extended for additional six (6) months from amendment date