MASARYKPARK HOMES

About US

Masaryk Park Homes is a life-lease community, in which seniors (55 and over) buy a life lease or lease-hold interest in their accommodations, giving them the right to occupy their unit and use all the common facilities.

Use of the common facilities including a three storey glass atrium, terraces, lounges, a multipurpose room with kitchen, a library, a meeting room, an exercise room, a workshop, a guest suite and outdoor recreation area create a sense of community and well being. These amenities are beneficial for all residents, particularly for those who are occasionally “shut-in” due to inclement weather or for health reasons.

Owned and operated by Masaryk Memorial Institute Inc., a non-profit corporation, the apartments range from a single bedroom to two bedrooms with a den. A parking space and storage locker come with each unit. The entrance is controlled by a security system.

Life-lease units are generally more affordable than a similar unit in the traditional housing market due to the non-profit orientation of the sponsoring organizations. It is basically a self-funded residential housing model. All surpluses are reinvested into the building and its amenities. In addition to the cost of the life-lease, there are property taxes and a monthly occupancy fee used to cover annual operating costs.

When a resident leaves, the life lease will be available to our wait list and then can be sold on the open market. The non-profit corporation retains 5% of the selling price.

Life Lease Housing: Read the Government of Ontario's guide to learn about life leases and to help decide if it's right for you or your loved ones:

For further information or to view suites please call for an appointment:

Louise Miskew or Denise Shea, Brokers, RE/MAX Rouge River Realty Ltd., Brokerage

Tel.:  (416) 543-6544 / (416) 578-6444


E-mail: info@LouiseAndDenise.com

Website: www.LouiseAndDenise.com

ABOUT US

Masaryk Memorial Institute is a Canadian non-profit organization based in Toronto, Ontario that has been serving people of Czech and Slovak origin living in Canada since 1945.

ADDRESS

Tel: (416) 439-4354

450 Scarborough Golf Club Road
Toronto, ON M1G 1H1

 

office@masaryktown.ca

OFFICE HOURS

Mon: Closed

Tues: 9:30-5:30PM

Wed: 9:30-5:30PM

Thur: 9:30-5:30PM

Fri: 9:30-5:30PM

Sat/Sun: Closed

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