Independent Life Lease Apartments
Bethany Place

Bethany Place is an affordable housing complex and as such, applicants are subject to an income ceiling set by Saskatchewan Housing Corporation; which is $44,500 maximum household annual income for singles and couples (some income waivers may be available). Evidence of income is required to confirm eligibility before admission.

Built in 2008; 4 stories high.
One-bedroom/one-bathroom suites only. Most bathrooms have step-in showers (some have bathtubs).
Appliances include apartment-sized fridge and stove; some have dishwashers (not guaranteed), all have balconies of which some are open and some are enclosed (enclosed balconies are not guaranteed).
Common laundry on each floor (not coin operated).
Suites range from 558 sq ft to 710 sq ft.

Debentures (purchase prices) range from $89,975 to $101,028.
Please note debenture ranges are base prices that do not include the costs of suite improvements and/or balcony enclosures (if applicable).

Monthly operating fees are $1,004 to $1,050/month.

Buy back is based on debenture price minus 2% depreciation/year for first 10 years of occupancy, then 1% depreciation/year for the next 10 years, after which depreciation will end.

Floor Plans - Type A & B

Floor Plans - Type F & G


Assisted living services are available to residents living in Bethany Place, at an additional cost.


A $200 non-refundable application fee is required when applying for Life Lease housing. This covers administration costs related to Bethany offering up to three separate life lease units to the applicant. If the applicant accepts the first life lease unit offered, the fee is refunded. If the applicant declines the first life lease unit offered, the fee is lost but they continue on the waiting list. Whenever three life lease units have been offered and declined, a $200 application fee is required to stay on the waiting list. Requesting removal from all Life Lease waiting lists constitutes the forfeit of the application fee.

Application


 


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