I'd want it to be in mint condition for that kind of money!
As it's a perfectly legal bike in Canada, then there is no reason why it should fetch such a premium. I know they were never officially imported to Canada, but they weren't to the Uk either, and good ones are available here for less than half that!
I love the MC16 to bits so I'm not trying to put you off, but remember it's a 19 year old bike, and think what kind of maintenance something else (more commonly available - say an RZ250) of similar age is going to require.
There's no reason why it shouldn't be reliable, but even though it's low maileage, everything is old, and susceptible to deterioration by the elements, if nothing else.
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Andy.
NSR-WORLD.COM
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