45 BASEBALL PLACE CONDO | RIVERSIDE SQUARE CONDOS

A reserve fund is the money a condo corporation sets aside for major repairs and replacements, such as roofs, elevators and mechanical systems. It's one of the best indicators of a building's financial health, and it directly affects your maintenance fees and the risk of a special assessment. Here's how it works in Ontario and what to check on any Riverside Square suite.

How Reserve Funds Work in Ontario

According to the Condominium Authority of Ontario (CAO):

• The law requires them. Section 93(4) of the Condominium Act requires corporations to collect reserve funds, and section 94(1) requires periodic studies to check whether the fund is adequate.
• Studies come from qualified experts. Condo corporations must have qualified experts complete the study, under Ontario Regulation 48/01.
• Studies follow a cycle. A comprehensive study (Class 1) is done within a year of registration. Updates follow, either with a site inspection (Class 2) or without one (Class 3), generally within three years of the earlier study.
• Owners get updates. Periodic Information Certificates go out at least twice a year with reserve fund information, and audited financial statements include the reserve fund.

Why It Matters to You

The CAO notes that good reserve fund planning can reduce the potential for special assessments and debt. A weak fund can mean higher fees later, or a large one-time charge. Our guide to special assessments explains what that looks like for buyers.

Questions to Ask on Any Riverside Square Suite

The status certificate gives buyers details on the reserve fund and any special assessments. Here's how to read a status certificate before you commit, and we recommend having your lawyer review it.

Related Riverside Square Guides

• What the corporation insures vs. what you need personally
• How long it takes to sell at Riverside Square
• A realistic rental yield breakdown

Source: Condominium Authority of Ontario, Reserve Funds Guide.

This article is for general information only and is not legal or financial advice. Have a lawyer review the status certificate and related documents before you buy.

If you live, own or are thinking of buying near Queen Street East and the rail corridor, the City has now set out the road, sidewalk and parking changes tied to construction of the Ontario Line's Leslieville Station. Here's what City Council adopted, in plain terms.

What Was Decided

Toronto City Council adopted the item (TE34.106) with amendments on July 29 and 30, 2026, after Toronto and East York Community Council considered it on July 8 and 9. It covers temporary traffic and parking changes around Gerrard and Leslieville Stations. Read the City's agenda item.

Leslieville Station: Key Changes

Parking Changes

• De Grassi St, east side: permit parking rescinded for the affected periods, with replacement overnight spaces required, Aug 1, 2026 to Aug 31, 2029.
• Strange St, east side: permit parking rescinded and stopping prohibited from Dec 31, 2026 to Aug 31, 2029. On-street accessible parking on the west side continues.
• Queen St E, north side (Boulton to De Grassi): the weekday 4 to 6 p.m. parking prohibition is rescinded for the same period.

What About the Station Itself?

According to BlogTO, column construction runs from September 7, 2026 to May 28, 2027. Metrolinx says that means eight columns in the south work area (Queen and Strange) and eight in the north (Queen and De Grassi). Work above and beside Queen is expected to start in late 2027 and last five to seven months. No opening date has been committed, and the province has only said "2030s" for completion of the line.

A Street Name Question

Council asked City staff to report to the January 2027 Toronto and East York Community Council meeting with a recommendation on renaming Strange Street to Riverside Street. That's a request for a report, not a decision to rename.

What It Means for Owners and Buyers

• Day-to-day: expect sidewalk and curb-lane disruption on a few specific blocks for about three years. The listed dates are the maximum windows, not a daily schedule.
• Parking: residents on De Grassi and Strange should check the City's permit changes for their address.
• Longer term: transit is a long-term draw, but the line has no opening date. Treat any timing claim with caution.
• Buying near construction: visit at different times of day and ask about the street-level work before you decide.

This article summarizes publicly available City of Toronto and Metrolinx information as of October 2026. Dates and measures can change; confirm details with the City of Toronto and Metrolinx.