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Life Lease - The Chateau & The Manor
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Fact Box
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46 two-bedroom units total
One resident in each suite must be at least 60 years of age
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The features of each unit include:
- a full kitchen
- a sunshine ceiling
- oak trim throughout
- private laundry
- cable television hook-up
- air conditioning
- a balcony
Units range in size from 946 sq ft to 1396 sq ft.
Admission and Costs
To live in The Chateau or The Manor, residents must purchase a Life Lease unit. According to the consolidated Life Lease Agreement, St. Volodymyr Corporation guarantees to buy back the unit at appraised value, less redemption and reclamation costs, when the lease is terminated.
Download an Application Form (PDF, 28KB)
Unit Prices:
Since prices of individual units are based on the appraised market value at the time of resale, it is difficult to provide an exact price. Values are obtained by an economic analysis of recent sales of similar such properties. The appraisal is developed in accordance with the Uniform Standards of Professional Appraisal Practice.
Occupancy Costs:
- Fees are paid monthly by automatic debit to St. Volodymyr.
- Fees include building & grounds maintenance, building insurance, heat & water, security, amenities & services, property management, and funds for a capital reserve.
- Depending on the unit, the fees range from $210 to $235 per month.
Property Taxes:
- Taxes are paid monthly by automatic debit to St. Volodymyr.
- Depending on the unit, taxes range from $170 to $270 per month.
Amenities
- Residents' Association
- completely wheelchair accessible
- entry security system
- elevator
- underground parking
- storage areas
- activity area
- recreation lounge with kitchen facilities
- woodworking
- exercise room
- chapel onsite
- workshop (The Chateau only)
- access to all amenities at St. Volodymyr Villa
Other Life Lease Units - The Courts
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