This studio suite is located on the 2nd floor in the “Cancilla” suites. It faces south and has a 214 square foot terrace complete with a gazebo, deck furniture and a deck box. There is a walk-in shower, and a washer and dryer are included.
This suite does not have a kitchen. It has a refreshment counter with a sink, cupboards and a refrigerator. Residents of the Cancilla Suites have 2 chef prepared meals everyday, with lunch in the café and dinner served in the dining room. The Meal Plan included is $852.00 / month, and the total monthly fee is $1,354.36.
The asking price is $239,900.
When the Suite is no longer viable for the resident, it may be sold (at fair market value) or left in the resident’s estate. The Life Lease Suite has the potential to earn a return on one’s investment, similar to equity growth in a home. All this is accomplished without the worries and headaches of owning, maintaining and selling a home.
Monthly occupancy fees are paid to the owner and property taxes apply. The owner cares for all routine maintenance and landscaping. In the event that the resident is away for an extended period of time, he can rest assured that his Unit is secure by the controlled access to the building.