Bethany Manor has a wide variety of suite options available, including rental suites and life lease suites.
All units have fridge and stove; common laundry on each floor (not coin operated). All units have balconies and central heating/air-conditioning. Rent is always set below market rent for the same/similar type of enriched housing complex.
All Life Lease apartment units have balconies and central heating/air-conditioning.
Purchasers buy the right to live in a particular unit; Bethany retains ownership.
Life Lease apartment Debentures (purchase prices) range from $89,975 to $199,137. Life Lease Townhouse Debentures (purchase prices) range from $225,000 to $245,500. These debenture prices are base prices that do not include the costs of improvements and/or balcony enclosures (if applicable).
Residents in life lease apartments pay a monthly operating fee which covers, but is not limited to: utilities, property tax, reserve and other operating expenses. Monthly fees range from $908 to $1,238/month.
Residents in life lease townhouses pay a monthly operating fee which covers, but is not limited to: water/sewer (heat and electricity are extra), property tax, reserve and other operating expenses. Monthly fees range from $1,117 to $1,181/month.
Buy back is based on the Debenture minus 2% depreciation/year for first 10 years of occupancy, then 1% depreciation/year for the next 10 years, after which depreciation will end.
Assigned outdoor parking with an electrical outlet may be rented for $50/month (pending availability)
The right to use an indoor parking stall in the Bethany Place parkade may be purchased (pending availability); Bethany retains ownership. Buy back is based on the $7,000 Debenture (purchase price) less 1% depreciation/year to a maximum of 10%. The operating fee is $110/month. You may need to go on a waiting list for indoor parking.