Page 36 - Directors manual final
P. 36

MiCasa  (870 East 8th)



          2425 St. Catherine's Street Vancouver




          The original MiCasa was a 22 unit 3 story townhouse style building built  in 1986.


          The building was a stucco California style building with a flat roof and no over-

          hangs. The building was plagued with water leaks and due to the undesirable ar-

          ea at the time it was difficult to rent and because of the program the building  re-

          quired a percentage of market renters to be successful.

          The building carried deficits but managed to have a large replacement reserve

          that we used to investigate the building envelop in 2012.







                                                                          Original building


                                                                          Pre modifications























          Investigations revealed serious rot issues and repairs were made to slow the wa-

          ter ingress and buy time to investigate Red Door Housings options.



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