The answer to the question you posed today, in addition to not be rentable on the first year owned, the Condo monthly association fee is $430 which includes $240 for the maintenance plus $190 for recreation lease. A recreation lease is quite common on old buildings but no longer popular on newer buildings: builders, when building old buildings sold only the condo units but kept ownership of the recreational elements (pool, clubhouse or clubroom, storage areas and even parking garage) and leased them out to the association for long term monthly revenue...some recreation leases could be anywhere from 10 years to 99 years. However, some builders (not all) would allow for some condo owners to purchase their recreation lease in one lump anytime during one condo owner's timeline. This buy-out is somehow prorated based on the apportion value of the unit in the condo and its total lease term amount and recreation leases differ between buildings. Some builders, shortly after they have completely sold out every unit in a condominium may have sold their recreation leases to other independent investment entities who will collect from condo owners the recreation lease. Naturally that purchase is recorded and deeded so when an owner sells his condo, the new owner will not be subject to pay the recreation lease anymore.
If you entertain to purchase this unit in the Victoria Park Tower, make sure you call the condo association management to get an explanation of whether you can buy out that recreation lease or not. But, despite all that, even if you can not lease it immediately, it is a great, unpretentious building, in a most convenient location with superb views. Some condominiums who have no-lease-first-year may allow someone who is not an owner to move in immediately as a "permanent resident". A clever title/closing attorney can find the proper way to handle that.
Moreover, you've been posting several questions hereon Trulia, so far, spinning your wheels helplessly. In your last question, you stated you want to buy something for your friend to live in. It's time for you to save yourself some time - and ours - and work with one real estate agent who will help you find that right condo that you can buy and rent immediately.