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What are the differences between: “Assisted Living”, “Life-Lease” & “Senior Apartment Rentals”?
Assisted Living: For individuals who are still capable of independent living but who want or need a little assistance.
Life-Lease: A leased suite with a guaranteed buy-back when it is time to receive a little more help.
Senior Apartment: Suites that are safe, comfortable and conveniently located next to The Centre Mall in Saskatoon.
Who owns and operates Elim Lodge?
Elim Lodge is owned and operated by Elim Lodge Inc., a Saskatoon-based charitable corporation with more than 35 years of experience in adult housing. We are a Christian based corporation whose mission is to provide a safe, affordable independent-living facility with a community atmosphere that upholds Christian values and enhances quality of life for seniors.
How large are life-lease suites?
Suites will range in size from 932 sq. ft. to 1315 sq. ft. See the variety of Suites Plans by clicking here.
Will indoor parking be provided?
Indoor underground parking spaces are available for rent and are assigned at the time of move-in on a first-come, first-served basis.
Will I be able to obtain a second indoor parking space?
No, but additional spaces will be available outdoors at reserved electrified spaces.
What is the cost of the monthly life-lease fee?
The monthly life-lease fee includes property taxes, building insurance, common area heating/cooling, water and sewer, maintenance fees, salaries, and all the other things required to administrate a 218,000 sq. ft. building. The monthly life-lease fee is currently between $717 and $787 per month. Fees will vary according to the square footage of the suite, not including cable TV and your electrical bill
Are utilities separate?
Water and sewer are included in the monthly fee. Electricity is not included (except for a few rentals). Each suite has its own electricity meter and you are billed directly from SaskPower.
What about Cable TV?
Residents make their own arrangements with the service provider of their choice.
Can I have HDTV or internet service?
Yes. You will be billed directly by the service provider for any of these services.
Who provides internet or telephone service?
You can choose the service provider you prefer.
Do appliances come with a life-lease?
No. The resident must supply their own washer, dryer, dishwasher, refrigerator, stove and range hood.
How large will rental apartments be?
One-bedroom rental apartments will start at 570 sq. ft. (with no laundry connections) up to 708 sq. ft. (with laundry connections). Two-bedroom rental apartments (with no laundry connections) are 830 sq. ft.
How much will rental apartments cost?
Prices range from $693 to $788 per month for one-bedroom suites and $788 per month for two-bedroom suites.
Will you be able to buy meals?
Evening meals brought in from the commercial kitchen at our sister facility, Hyde Park View, are available for an additional cost. Residents enjoy the lovely ambiance of the beautiful Elim Lodge Dining Room.
Are you taking names for rental apartments?
Unfortunately, we are not currently accepting any applications for rental suites. The current real estate market and a growing shortage of rental 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.
Are there advantages to a life-lease over a condominium?
There are several advantages of a life-lease:
- guarenteed buy-back of the lease
- pre-determined price when selling, no legal fees, no realtor fees
- will never be assessed for major repairs
- more comparisons on Life-Lease page