Lowrise

This stratified wood frame low-rise building consists of 56 units in one building. They have an underground parkade, shared laundry room, mechanical rooms and basic landscaping, but no elevator.

When determining the total insurable value, one of the Normac’s biggest considerations is to account for provincial and national building codes and municipality parking bylaws required for reconstruction. This building doesn’t have enough parking spaces, an elevator for adequate handicap access, or sprinklers in the units which will all need to be costed for in the replacement cost report.