Independent Living Life Leases
Life Lease is a unique housing model for seniors that offers independent living in a community where residents buy a Debenture, which provides the right to live in a housing unit while Bethany retains ownership. When Life Lease Residents vacate, Bethany buys back the unit, with a buy-back price based on the Debenture price less depreciation.
Applicants are contacted in the order applications are received.
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 forfeiture of the application fee.
Bethany Manor Apartments
Built in 1989, the suites in this five-storey apartment building have spacious balconies, and appliances include a fridge, stove, dishwasher (in most), washer and dryer.
Bethany Place Apartments
Built in 2008, this four-storey apartment features suites with balconies, some open and some enclosed, as well as bathrooms with either step-in showers or bathtubs. Appliances include apartment-sized fridge and stove, and some have dishwashers (not guaranteed), and there is common laundry on each floor (not coin-operated).
Evidence of annual income (T1 is acceptable however Notice of Assessment is preferred) is required at time of admission. Assisted Living services are available to residents living in Bethany Place at an additional cost.
Bethany Court Townhouses
These townhouses, located in duplexes and fourplexes, feature five appliances, a partial basement that may be finished or unfinished (we do not guarantee finished basements and we do not refurbish any finished basements), a laundry room on main floor, two bathrooms (one step-in shower, one bathtub), and an attached single-car garage. You’ll have access to many amenities and activities in Bethany Manor.
Applicants may apply for a rental option as well.
Bethany Tower Apartments
All units have two bedrooms and two full bathrooms (most have wheel-in shower off master). Appliances include fridge, stove, dishwasher, washer and dryer. All units have balconies of which some are open and some are enclosed (enclosed balconies are not guaranteed).