Strong Financials

Scarborough Manor Owner’s Corporation (SMOC) commands strong financials, enhanced by a Reserve Fund of over $1M

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Projects and Capital Improvements
At SMOC, we are committed to enhancing the value of our shareholders investments by continuously upgrading our buildings, grounds, and mechanical systems. Over the past five years, we have undertaken significant improvements, including the replacement of our boilers with an energy-efficient Chiller/Heater system powered by natural gas, with oil as backup option. In addition, we installed modern Fan Coil Unit systems in every apartment, providing residents with quiet and efficient temperature control.
 

To ensure uninterrupted service, our mechanical room is equipped with a high-capacity backup power generator capable of supplying electricity to all building systems and apartments for extended periods, eliminating the risk of blackouts.
 

Recently, we completed a full renovation of all building hallways, guided by professional designers. The upgrades include new carpeting, door thresholds and hardware, wallpaper, and LED lighting, enhancing both aesthetics and functionality.
 

Additionally, prior to the HVAC upgrades, we installed a solar energy system on the roofs of both buildings, which now generates over 25% of the electricity used in our common areas, reinforcing our commitment to sustainability.

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