Independent Living

50+ luxury living suites.

Life Lease Program

Life Lease housing is for 50+ adults who are able to live independently. Life Lease housing is usually developed and operated by non-profit or charitable organizations. In Life Lease housing, the buyer purchases the right to occupy a suite for a long period of time, often for their lifetime.

Garden Estates is South Country Village’s… 

         

 

Heritage Heights is South Country Village’s newest residential development featuring 40 Life Lease independent living suites. Heritage Heights is built with the luxury anticipated by seniors in today’s retirement environment. The building boasts of it’s innovative Geo-thermal and solar heating and cooling. With a variety of layouts available and modern sweet finishes, you will be able to select one that you can call your home. Amenities include underground parking, balconies on each suite, fitness room, theater room, games room, common areas and social activities. Live independently today with the security of multilevel care for your future.

Life Lease Program:
The buyer pays a large lump sum upfront, followed by monthly maintenance fees and property taxes. When a buyer buys a Life Lease in Heritage Heights, they signed an agreement with South Country Village. The agreement does not give the buyer property. Instead it gives the buyer the exclusive right to occupy their sweet and use the common areas. This right is subject to certain terms that are spelled out in the Life Lease agreement. South Country Village maintains ownership of the property title. When the Life Lease agreement ends, the buyer is guaranteed a redemption value of 95-90% (depending on years) of their original large lump sum they paid upon entering the agreement.

Life Lease Benefits:
• Security of Tenure ensures buyer can stay in home until the agreement ends
• No rental payments or arbitrary rental increases
• Life Lease is transferable to resident’s estate
• Ensures the organization maintains a high quality commitment and management
• No liability of owning a large asset
• As opposed to renting, buyer has equity in their housing investment
• No condo board required participation and decisions or reserve fund contributions
• Established residents council for making recommendations to the organization

Innovation:
• Geo-thermal and solar heating and cooling. Energy efficient, keeps monthly costs low
• Live independently with access to future multi-level care facilities on site

Luxury Features:
• 50+ age community with shared values and lifestyles
• Safe & secure, independent apartment style living
• Modern finishing, high ceilings, lots of natural light, laundry in each suite
• Balconies for each suite, gas outlets for barbecues
• Theatre room, fitness room, games room, library lounge, dining area, mail room, multipurpose space, weekly social activities
• Tastefully decorated and clean common areas. Two guest suites
• Underground parking
• Live in building manager and on-site maintenance crew, snow removal and landscaping

Location:
• Wide open spaces and clear blue skies of sunny southern Alberta
• Medicine Hat is one of Canada’s sunniest cities with more than 2500 hrs of sunshine/yr
• Part of a growing community with a small town feel
• Heritage Heights is located across from the airport, great for travellers
• View of Cypress Hills and Alberta countryside
• Close to emergency fire, medical stations and hospital
• Gas and convenience store on site, city transit access across the street
• Less than 51cm from downtown, grocery, restaurants, coffee shops, entertainment

 

Rentals

Rentals text…

Garden Apartments

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More About Garden Apartments

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Other Rental Opportunities

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