Costs
Share Purchase To Become A Member
On approval of the application for housing and membership, the first step is to purchase shares at the cost of $1,000.00 to become a member in the corporation. The shares are $10.00 each and 100 shares must be purchased. If there are two or more people, it is considered a joint membership and only the 100 shares can be purchased per housing unit.
The next step is to sign the Housing Agreement. All persons living in the unit must be a party to or be named in the Housing Agreement. Regardless of when you move in, South Osborne Place reviews housing charges with a set date of February 1st annually for any adjustments to the housing charges.
Housing Rates & Charges
Housing charges include electricity and water. Extras are the cable tv plan that is added to the housing charges for everyone as it is a bulk plan for the building; telephone; internet; and parking if required. Housing charges are reviewed/adjusted annually on February 1st.
South Osborne Place Monthly Housing Charges effective February 1st, 2024:
| One bedroom unit | $913.68 |
| Two bedroom, one bath | $1,066.84 |
| Two bedroom, two bath | $1,222.11 |
| Cable TV | $45.00 |
| Parking Stall | $45.00 |