Life Lease

Life-Lease Suite Descriptions and Costs

All suites are suitable for people who use wheelchairs and other mobility devices.

Rental & Life Lease Suites Brochure PDF Rental & Life Lease Floorplans PDF

Life-Lease Suites

Suites available on a Life Lease basis are two-bedroom apartments ranging in size from 932 sq.ft. to 1,315 sq.ft. All have a full bath with shower, and many have either a half- bath or full bath off the master bedroom. Acquiring one of Elim Lodge's Life Lease suites is similar, in some respects, to purchasing a condominium. Your purchase price guarantees that you can continue to occupy the suite for as long as you are able to live independently in it. Unlike buying a condominium, you do not own the suite. When you no longer require the suite for whatever reason, Elim Lodge refunds your purchase cost or current market value, whichever is less.

A monthly maintenance fee from $441 to $480/month covers property taxes, common-area electricity, sewer and water, heat, building and grounds maintenance, building insurance, and administration costs. Electricity, telephone, tenant insurance and Cable TV are extra. Special rates for Shaw Cable TV service are available through Elim Lodge. Each Life Lease suite includes:

  • Full kitchen with attractive oak cupboards
  • Air conditioning
  • In-suite storage/laundry room
  • Cable television connections
  • Telephone connection to security entrance, with video monitoring
  • Patio door to balcony
  • Half-bath or full bath off master bedroom (most suites)

Prices range from $189,000 to $254,000 depending on size and location.

Appliances

Life-lease residents are responsible for their own appliances (fridge, stove, dishwasher, washer and dryer). Elim Lodge has a limited number of used appliances that can be purchased outright for $50 each. The resident is responsible for any maintenance and repairs. Lodge staff is not available for appliance maintenance.

Application Process

A refundable deposit of $100 must accompany an application for Life-Lease suites. Unfortunately, we are not currently accepting any applications for Life-Lease suites. The current real estate market and a growing shortage of apartments in Saskatoon has caused our waiting lists to increase dramatically. Low turnover of our suites has meant that there are long waiting periods for applicants.

We invite you to check back periodically, to inquire about the status of our applications.