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Life-lease Suites Information

Life Lease Suite Waiting list application (pdf)

Life lease suites offer the benefits of living in an independent apartment while at the same time giving you the opportunity to invest in your accommodation. Much like a condominium, you purchase the right to live in your suite for as long as you want. What is different is buyers must live in their suites and are not allowed to sublet to others. That way, the original aim of providing a secure, comfortable and worry-free environment for seniors can be protected. Over time, your investment follows the trends in the real estate market.

Living in your life lease suite, you will experience a new freedom in a secure lifestyle. Whether at home or away, your peace of mind is assured in a controlled entry building. In addition, you no longer need to be concerned with responsibility of upkeep and exterior maintenance. For your suite, all mechanical and plumbing maintenance is included. In addition, all major appliances are maintained or replaced if necessary at no cost.

Along with your new carefree lifestyle is the opportunity to become part of a community. You can take advantage of the social areas including the wood working shop, games room, exercise room and chapel. There are various organized activities including Bridge, Cribbage and Euchre clubs as well as planned social events such as monthly parties and other organized activities.

While retaining many of the benefits of home ownership, life lease living is generally more economical. Like condominiums, there is a monthly maintenance fee. This fee contributes towards the cost of maintaining the common areas of the building as well as the surrounding grounds and gardens. Also included are Municipal taxes, garbage collection fees and common area fees. Heating costs are included while electricity is individually metered and billed. Each life lease suite has its own temperature control so you can set your suite’s temperature to your liking.

Should you no longer wish (or be able) to occupy your suite and the time comes to release it, you will receive a return of 90% of the equity value of your suite priced according to the market trends at the time of releasing. Upon the death of a sole occupant, this will be paid to your estate. Our leasing coordinator can explain the rights of survivors in the case of joint ownership.

There is no sub-leasing of suites. Management will protect your right to the “quiet enjoyment” of your suite while providing encouragement for participation in community activities both on and off site. On behalf of the residents, a Residents’ Council brings forward issues or concerns. This council is very effective in maintaining a responsive and respectful relationship with our management team.

All life lease owner/occupants must be capable of independent living as well as be free of communicable diseases as evidenced by a physician’s written statement. For couples, one owner/occupant must be at least 55 years of age or older.

Special Features

• Security check system in all exterior doors including video camera surveillance
• Secure, controlled entry to garage and building
• Individual thermostat-controlled heating and cooling in each suite
• Safety grab bars in all bathrooms
• Luminous ceilings in kitchens
• Fire and smoke detectors in each suite directly connected to the Guelph Fire Department
• Heat lamps in bathrooms
• Increased number of electrical wall outlets to reduce hazards of extension cords
• Higher than normal electrical wall outlets to reduce back strain
• Individual hydro meter in each suite
• Extra storage available
• A room for freezers on each floor for a resident’s own freezer
• Softened water except for cold water in kitchen
• Appliances include a 30” electric stove, fridge, washer and dryer
• Sheers on all windows

Shared facilities

• Exercise room
• Games room
• Atrium
• Wood working shop
• Hair salon
• Pharmacy/Tuck shop

Other site amenities

• Sited near downtown Guelph on 7.5 acres with a park-like setting
• Offers scenic walks, landscaped gardens and patio areas
• Located on a city bus route with a bus shelter on the property
• Close to shopping, hospital, churches, etc.