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Life Lease Retirement Facility in Ponoka

Rimoka has a beautiful 51 suite life lease facility right next to Golden Leisure Lodge (5608 57 Avenue) in Ponoka. Our facility focuses on a sustainable environment to live with like-minded people through offering a sense of community, lifestyle, and independence.

Life Lease Living at Rimoka Housing Foundation

Legacy Place includes 1 bedroom, 2 bedroom and 2 bedroom plus den suites with underground parking. The facility is for people over the age of 55 who want to be active and independent while maintaining the comfort and peace of mind that is derived from living in a safe and secure environment. The size and variety of suites and the complimentary features of Legacy Place allows the personal choice and freedom that is not available through any other housing arrangement. The assured life lease option is very attractive because you can live a worry free life style that includes affordable housing, security of tenure, financial liquidity and financial security.

How do we operate our senior life lease retirement facility at Rimoka?

Life Lease Retirement Communities are a popular option that allow senior adults to spend the rest of their lives at ease. Residents can purchase the exclusive right to occupy a suite for the entirety of their tenancy. Once the initial payment of life-lease is made, monthly fees are structured to pay for operations and building maintenance.

Affordable monthly fees are paid by residents to cover:
✓ Property Taxes ✓ Operating Costs: Maintenance, utilities (heat, water, sewer and garbage removal), yard care, snow removal, janitorial services ✓ Management Expenses associated with the facility.

These fees are determined by the size of the unit.

To learn more about our life lease retirement facility, please contact Rimoka Housing Foundation.

Rimoka Life Lease Retirement Facility

Frequently Asked Questions

No, the suites are not sold as condominium units.
Unfortunately, pets are not allowed in our life lease building.
Yes.  Please contact us to learn more.
All tenants are responsible for insuring their personal possessions and for having liability insurance.