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The “Squire” is a lovely one-bedroom suite, with an amazing view overlooking the picturesque Queen’s Park.
This suite is 415 square feet featuring 1 bedroom, a combined living / kitchen/ eating area. The suite has laundry facilities with clothes washer and dryer, and a storage area located on the same floor as the suite. The suite has individual heating / air conditioning throughout. All window coverings are included.
5 appliances are included: refrigerator, stove, dishwasher and highly energy efficient clothes washer & dryer.
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.