To mark its 60th anniversary year, Global Kingdom Ministries will soon hold the Grand Opening at Trinity Ravine Towers in Scarborough. Designed to offer convenient faith-based living that will serve residents as they age in place, suites will be available on a 55+ market value Life Lease basis – with a major advantage over other programs by that name. Unlike most Life Lease programs, when you choose Trinity Ravine Towers, you essentially own your Life Lease interest. You can bequeath it to your family members, who can then keep the suite or sell it at market value. You can also register a “Notice of Agreement” on the title to the property (similar to registering a deed), which is an important protection of your investment. This is a significant advantage for those seeking ease of living in a mature adult community where wellness and medical support is readily available as you age and your physical needs increase.
The Life Leases also includes shared usage of common areas, and in the case of Trinity Ravine Towers, the extensive amenities are beautiful. In the four-storey podium that will anchor the two high-rise towers, there will be wellness and fitness areas, entertainment areas, a community dining room and a computer lab, to name just a few. Atop the podium, a landscaped rooftop barbecue terrace will invite al fresco dining and entertaining. Trinity Ravine Towers will also feature a lovely lobby with a green living wall and waterfall. Residents will pay a monthly maintenance fee for the care and maintenance of the common areas, as well as a reserve fund to cover repair, replacement and maintenance costs over time.
Life Lease communities are becoming popular in Ontario, and there are currently 140 operating successfully. It is important to know that not all Life Lease programs are identical. When you compare, you will find that the Trinity Ravine Towers market-value Life Lease is truly remarkable. For more information, visit TrinityRavine.ca.