An Overview of Life Lease
Residents believe our Life Lease housing is attractive because of the lifestyle it offers, the sense of community that surrounds them, and the immediate access to countless amenities it provides. Individuals and couples see the benefit of being involved in the capital appreciation of their home.
Upcoming Opportunities
Atrium Suite
Wittenburg Layout
- 2 bedroom and 2 bath
- Open concept kitchen, dining & living space
- 1122 sq. Ft. with with bay windows
This beautifully renovated suite has been fully upgraded with elegant finishes throughout. Enjoy this new custom kitchen complete with quartz countertops, a contemporary custom walk-in shower, energy efficient LED lighting, & luxury flooring.
Atrium Suite
Calvin Layout
- 1 bedroom and den
- Open concept kitchen & living space
- 764 sq. Ft. with large windows and balcony
This beautifully renovated suite has been fully upgraded with elegant finishes throughout. Enjoy this new custom kitchen complete with quartz countertops, a contemporary custom walk-in shower, energy efficient LED lighting, & luxury flooring.
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 Lutherwood is a good way for us to give back to our community in a meaningful way.
– Jim & Wendy Anderson
Benefits of Our Life Lease Model
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.
What our customers say
