I finally decided that I'm not mechanically inclinded.
If someone wants the old car, it's available for $3000Cdn as is, which is $2000 less than the median price on 1994 850's on Autotrader.
PS, PB, Air, sunroof. 3 tires less than one year old (one is about one month old)
No major rust (some on trunk lip and driver door bottom), but does need TLC from a mechanic, which is why it's priced below the median for the GTA.