Upcoming Opportunities for Life Lease
Atrium Suites & Garden Villa Townhomes
The Lifestyle You Want, with the Peace of Mind You Need
Explore our current and upcoming Life Lease opportunities designed for those seeking comfort, community, and confidence in their next move. Luther Village on the Park offers maintenance-free living in a vibrant, amenity-rich environment, with the added benefit of long-term stability through our Guaranteed Buy-Back Life Lease. Whether you're ready now or planning for the future, discover options that support your lifestyle and secure your peace of mind.
Upcoming Life Lease Opportunities
We have no present availability. Please see below our sample layouts and contact us to join our wait list.
Interested in one of our upcoming Life Lease opportunities? Schedule a tour to see Luther Village on the Park in person and get a feel for the community.
Atrium Suites
Katie Layout
1 Bedroom
1 Bathroom
Balcony with Waterloo Park Views
730 sq ft
Highlights
Fully Renovated with elegant, modern finishes
Open-Concept Design for a spacious, airy feel
Custom Kitchen with quartz countertops
Energy-efficient LED lighting
Modern bathroom with walk-in shower
Upscale fixtures & finishes
Luxury Flooring throughout
Sample Floor Plans
Join our Life Lease Wait List:
Be the first to stay updated on our upcoming available opportunities. Signup to our waitlist today!
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.
Why Choose Life Lease Living?
Our equity preservation model offers adults over the age of 55 the right to occupy a Suite or Villa, while being part of a vibrant adult community in the heart of Uptown Waterloo. Unlike real estate, you will not be subject to land transfer taxes and the responsibilities that come with maintaining a home. You will pay a monthly fee which is a blend of costs related to services, maintenance, property tax and capital reserve fund contributions. Our buyback guarantee provides assurance that when you are ready to vacate, the unit will be bought back or leased to a new occupant within 270 days.
I had a hard time making the decision to leave my house but after I moved to my suite in the Atrium I told everyone I should have done it years ago. I soon realized that I had to get involved so I went every day to the café to have coffee and read the paper, and I went to exercise class every chance I got. I found such nice neighbours and made many new friends. My life became very busy with all the activities, and I didn't miss the responsibilities of taking care of a house.
- Barbara Krimmer
Supporting a not-for-profit organization like Starling Community Services is a good way for us to give back to our community in a meaningful way.
- Jim & Wendy Anderson
Feedback That Matters
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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 and benefits of Life Lease housing.