Life Lease
Atrium Suites & Garden Villa Townhomes
What Is a Life Lease?
Our Life Lease is a unique option for adults 55+ that offers the right to occupy a Garden Villa Townhome or an Atrium Suite Apartment, while preserving your equity and benefiting from any capital appreciation. At the Village, our Life Lease community includes 154 Atrium Suites in a five-story building and 72 Garden Villa Townhomes throughout our beautifully maintained campus. Residents choose Life Lease for the worry-free lifestyle, vibrant community, and access to countless amenities, with the added peace of mind from our Guaranteed Buy-Back at the time of move out.
Where Wellness Meets Community
Experience Maintenance-Free Living for Vibrant Adults 55+ in the Heart of Uptown Waterloo
72 Townhomes & 154 Atrium Suite Apartments
Newly renovated suites with high-end finishes
No land transfer taxes upon move in
Meal options and special events in our private restaurant
Village bus for group adventures
20 manicured acres and community amenities
20+ resident-run programs plus Village facilitated activities
2 onsite guest suites
Underground parking with car wash
Guaranteed buy-back when you move out
Life Lease Accommodation
Atrium Suites
Located within our five-storey residential building, our 154 private suites range from 700 to 1,600 square feet, offering a variety of spacious layouts to suit your lifestyle. Each suite is thoughtfully renovated with elegant and accessible finishes. Choose from classically designed one- and two-bedroom suite apartments that offer direct indoor access to all campus amenities. Enjoy every season without stepping outdoors, with convenient access to our restaurant, fitness centre, lounges, cafés, greenhouse, library, and woodworking shop. Visit our campus page to learn more about the amenities waiting for you!
Key Features:
A variety of thoughtfully designed layouts, some featuring private balconies or walk-out patios
Indoor or outdoor parking options and an abundance of visitor parking
Updated suites showcasing modern finishes and stylish details
Bright, welcoming spaces, featuring large windows and beautiful views of the campus
Wide corridors and spacious interiors, designed to support ease of mobility
In-suite laundry and generous storage space, including a private storage locker
Individual thermostats for personalized heating and cooling
Life Lease Accommodation
Our Garden Villa Townhomes offer the perfect blend of independence, comfort, and connection. Designed for an adult lifestyle, these spacious homes provide all the benefits of Life Lease housing, including a welcoming sense of community, access to abundant amenities, and the opportunity to share in capital appreciation.
These 72 fully renovated townhomes feature a variety of thoughtfully designed two- and three-bedroom layouts, including accessible bungalow-style options for residents who prefer step-free living. Each home combines modern finishes with practical features to support ease and enjoyment every day. Enjoy the comfort of a private home while staying connected to everything Luther Village on the Park has to offer.
Key Features:
Enjoy private patios and a covered front porch, perfect for relaxing or entertaining outdoors
Attached single-car garage for security and convenience
Updated suites showcasing modern finishes and stylish details
Spacious, light-filled interiors, with large windows that offer beautiful views of the campus
Laundry rooms and generous storage spaces
Individual thermostats for personalized heating and cooling
Garden Villa Townhomes
Protecting Your Investment
Guaranteed Buy-Back
Protecting your investment is central to our Life Lease model. At the Village, we guarantee to buy back your home within nine months of notice, providing peace of mind amid changing health needs or market conditions. While our private market for Life Lease homes remains strong, our dedicated team manages all refurbishments and marketing, ensuring a smooth, worry-free transition upon move out.
Life Lease Occupancy Fees
Residents pay a monthly fee that covers a comprehensive range of services and supports, designed to make life at The Village as convenient and worry-free as possible. This includes: contributions to our capital reserve fund, snow removal and lawn care, maintenance of both internal systems and the exterior building envelope, property taxes and access to amenities, services, and wellness programs.
Equity Preservation
When it's time to move out, residents receive their original purchase price plus (or minus) 50% of any change in the home's value, minus applicable fees. To ensure fairness, an independent appraiser assesses the home's value once notice is given, setting the price for the buyback. This approach offers a balanced return, sharing both the risks and rewards of market changes. Life Lease values typically reflect local property trends, and our appraisal-based pricing helps protect residents from dramatic market fluctuations.
“We are a newly retired couple in our 60’s and have recently downsized to a beautiful and spacious townhouse after selling our Toronto home. We love the quiet location across from the park with wonderful bike trails and easy walking access to stores and other amenities in nearby Uptown Waterloo.
- Barbara Buchanan
Experience Life at the Village
Connect with us today to learn more about our 55+ Life Lease Accommodations
Martin’s Restaurant: Exclusive Dining Experiences with Chef James
Martin’s Restaurant offers private dining right on site, delivering elevated culinary experiences for residents to enjoy.
Residents can opt in to a variety of dining options, including:
Dining Experiences
Tuesday Bistro Nights
featuring a chef’s choice three-course dinner with an elevated touch
Thursday Pub Nights
serving traditional pub fare with Chef James’ refined culinary twist
Nightly Dinner Service
available seven days a week with a rotating menu offering two entrée options
Special Event Dinners
showcasing five-course menus for holidays and celebrations
For casual fare, the Life Lease Café offers two homemade soups over lunch throughout the week, along with fresh salads, sandwiches, desserts, fruit, and muffins.
A Journey of Wellness & Joy
Our 8 dimensions of wellness provide meaningful opportunities to support health, wellbeing, growth, and joy in everyday life. As a leader in holistic wellness, we are continuously innovating within each dimension to deliver impactful experiences that meet the evolving needs of our community.
Intellectual
Educational courses, two onsite libraries, TED Talks, memoir writing group, art classes, card games, and book clubs
Physical
Registered Kinesiologist offering one-on-one support, yoga, daily fitness, large indoor/outdoor walking space, fitness centre, and swirlpool
Environmental
20 acres of green space, 50+ community garden plots, summer market, all-season greenhouse, EV charging stations, and full waste diversion program that includes green bin and recycling services.
Emotional
A culture that fosters learning, growth, and belonging, including support groups, peer check-ins, guided mindfulness, and pet friendly living
Social
Coffee and social hours, live concerts, movies, off-campus outings, billiards, a variety of games, and outdoor activities including bocce ball, shuffleboard, and horseshoes
Spiritual
Two-storey chapel, visiting church services, weekly worship, hymn sings, and coordination of diverse spiritual supports
Vocational
Woodworking shop, travelogues, resident-run committees and programs including writing, knitting, crafts, and resident volunteer opportunities
Nutritional
Choose from optional homemade meals, themed dinners, cafés with specialty coffees, and daily soups and sandwiches, all complemented by our on-site tuck shop stocked with essentials and treats.
Connect With Us Today
We'd love to learn more about you.
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Top 10 FAQs About Life Lease
As the #1 desired life lease location in Ontario, here are the top 10 most frequently asked questions about our life lease accommodations.
How Does Life Lease Work
Explore the details on how Life Lease housing options work!