A NEW ACTIVE 55+ RESORT LIFESTYLE COMMUNITY

A Community Designed For The Young At Heart

The Village at St. Elizabeth Mills is a 55+ community that brings resort-style living to Hamilton. At its centre, a delightful village with invigorating four season indoor and outdoor recreational activities, retail and entertainment amenities will offer residents an unsurpassed lifestyle.

Introducing

Upper Mill Pond

Upper Mill Pond, the first new residence at The Village, is a mid-rise 5 storey building featuring 76 one and two bedroom suites ranging in size from 721 sq. ft. to 1,328 sq. ft. Designed to provide residents with the ultimate in convenience, the suites at Upper Mill Pond reflect contemporary features and finishes, stylish and sensible layouts and a significant number of lifestyle amenities. A friendly welcome awaits you and your guests each time you arrive at Upper Mill Pond.

Upper Mill Pond offers a beautiful state-of-the-art Health Club Fitness Centre with an  indoor hot tub, private patio, change rooms with saunas, gym, dance and movement studio. Other amenities include secure underground parking and special events room with a catering kitchen. The spectacular lobby at Upper Mill Pond has been designed to offer both comfort and elegance. Every detail of Upper Mill Pond has been meticulously designed for 55+ living in grand style.

Garden Homes

ZEST has been busy renovating the existing Garden Homes at The Village. Homes are receiving a facelift inside and out. In keeping with the overall plan for the site’s development, the existing Garden Homes are being retrofitted in a variety of architectural styles including Country Cottage, Farmhouse, Victorian. By using different materials, colours and design, The Village will have the appearance of being developed naturally over time.

Inside revisions to the homes’ interiors include larger master bedrooms, wider doorways, additional storage space, new kitchens with granite countertops, contemporary cabinetry, flooring and appliances, new bathrooms [tubs, walk-in showers, vanities, fixtures, etc.], new flooring throughout, new doors and trim, crown moulding, new stucco ceilings, hardwood floors, ceramic tile, and new carpeting where applicable.

St. Elizabeth Village

Retirement Residence

St. Elizabeth Retirement Residence, located within St. Elizabeth Village, offers affordable independent and assisted living. With beautiful views of the natural landscape, our spacious private and shared rooms are bright, comfortable and secure. Nova Care’s master plan for the Village includes upgrading of the retirement Residence.

The Retirement Residence provides delicious, home-cooked meals. A variety of entertaining activities promotes health, wellness and active lifestyles for residents. With our convenient location on Hamilton Mountain, St. Elizabeth Retirement Residence is close to medical services, shopping, restaurants and entertainment. In addition to the city bus service, residents may also use the Village Bus which offers accessible transportation within the Village and throughout the Hamilton area. We welcome you to visit us for more information and a tour.

The Market Value Life Lease Advantage

Under a Life Lease arrangement, there is a single owner of the property who is responsible for operating and maintaining the property and buildings in accordance with an agreement signed with the purchasers and residents.

Life Lease housing developments have been established in Ontario and Canada for over 40 years and has become the preferred choice for the rapidly expanding retirement population. There are currently over 150 Life Lease communities in Ontario, representing nearly 12,000 units. Life Lease housing has proven to be a creative option for providing housing, programs and support services, plus an opportunity for investment today for tomorrow.

What is Life Lease Housing?
Life Lease is a form of real estate tenure (conditions under which a land or building are held or occupied) that has been in existence throughout North America and Europe for many years, and in Canada for nearly 50 years. There are an estimated 150 Life Lease projects now operating in Ontario, representing some 12,000 residential units. These communities are geared to mature adults and seniors.

Under a Life Lease arrangement, there is a single owner of the property who is responsible for operating and maintaining the property and buildings in accordance with an agreement signed with the purchasers and residents. The residents purchase an exclusive interest in the unit of their choice from these owners, and have the right to sell or transfer this interest when they wish to vacate their unit. This is similar to purchasing a unit within a condominium; however, the resident is acquiring a Life Lease interest as opposed to a freehold interest. Also, similar to a condominium, residents share in the use and operating costs associated with the common areas and amenities. At the heart of every Life Lease community is an agreement or contract with the property owner which governs how the residential units are acquired, subsequently sold or transferred, and the ongoing relationship and responsibilities of both the owner and the residents.

In Ontario, there are three primary Life Lease structures, the most common and popular model being based on the market value of the residential unit. Under this model, residents acquire their Life Lease interest based on the market value of the unit, and sell or transfer this interest at the market value when they wish to sell, like buying a single-family home or condominium. The Life Lease agreement used at The Village at St. Elizabeth Mills is based on market value, has no termination date, and the interest can pass to a resident’s family upon death. Therefore, residents can protect their investment and earn a return similar to the equity growth in a home or condominium.

What are the benefits of Life Lease Housing?
There are numerous benefits of living in a Life Lease community. The most important benefit is that residents retain the equity in their home or unit – unlike typical ‘retirement’ communities where residents pay a monthly rent with no opportunity to preserve their equity. When the unit is sold, the equity (the appreciated value of the property) belongs to the resident or their estate. In addition, the Life Lease structure ensures residents that the community will remain age-exclusive and focused on mature adults and seniors. Life Lease is more about creating a community of people with shared interests and values than it is about bricks and mortar. Life Lease communities are designed for active adults with similar interests and backgrounds enabling them to fully enjoy their retirement years without the headaches associated with maintaining a single-family home.

Life Lease developments also have more extensive amenity areas than condominium projects which creates a stronger sense of community and provides more age-specific programs and activities for residents. As residents age, support services may also be provided allowing residents to maintain their independence for a longer period. These communities are designed to enhance the resident’s quality of life through facilities such as wellness and fitness centers and easy-living features such as wider doorways, walk-in shower stalls with molded seats and grab bars.

In summary, under a Life Lease arrangement, residents have exclusive use of their unit, an opportunity for market value return, and many of the same benefits as traditional home ownership. Life Lease enables active adults and seniors to acquire a unit and live in communities designed to meet their changing needs.

Who can live in a Life Lease community?
The actual age criteria may differ slightly between communities; however, most are geared to individuals 55 years of age and older. This is the age requirement for The Village at St. Elizabeth Mills. There are no medical assessments or other criteria which restrict the purchase. In cases where one spouse or partner is not yet of the required age, the spouse of the partner is still able to reside in the unit. However, he or she can only appear on the Life Lease Agreement as a “Purchaser” until attaining the age of 55 years. This occupancy restriction is intended to maintain a harmonious environment for mature adults and seniors, and create a stronger, more supportive community. Children may also purchase a Life Lease interest for their parent’s; however, they may not occupy it until they reach the prescribed age.
What is Life Lease Housing?
Life Lease is a form of real estate tenure (conditions under which a land or building are held or occupied) that has been in existence throughout North America and Europe for many years, and in Canada for nearly 50 years. There are an estimated 150 Life Lease projects now operating in Ontario, representing some 12,000 residential units. These communities are geared to mature adults and seniors.

Under a Life Lease arrangement, there is a single owner of the property who is responsible for operating and maintaining the property and buildings in accordance with an agreement signed with the purchasers and residents. The residents purchase an exclusive interest in the unit of their choice from these owners, and have the right to sell or transfer this interest when they wish to vacate their unit. This is similar to purchasing a unit within a condominium; however, the resident is acquiring a Life Lease interest as opposed to a freehold interest. Also, similar to a condominium, residents share in the use and operating costs associated with the common areas and amenities. At the heart of every Life Lease community is an agreement or contract with the property owner which governs how the residential units are acquired, subsequently sold or transferred, and the ongoing relationship and responsibilities of both the owner and the residents.

In Ontario, there are three primary Life Lease structures, the most common and popular model being based on the market value of the residential unit. Under this model, residents acquire their Life Lease interest based on the market value of the unit, and sell or transfer this interest at the market value when they wish to sell, like buying a single-family home or condominium. The Life Lease agreement used at The Village at St. Elizabeth Mills is based on market value, has no termination date, and the interest can pass to a resident’s family upon death. Therefore, residents can protect their investment and earn a return similar to the equity growth in a home or condominium.

What are the benefits of Life Lease Housing?
There are numerous benefits of living in a Life Lease community. The most important benefit is that residents retain the equity in their home or unit – unlike typical ‘retirement’ communities where residents pay a monthly rent with no opportunity to preserve their equity. When the unit is sold, the equity (the appreciated value of the property) belongs to the resident or their estate. In addition, the Life Lease structure ensures residents that the community will remain age-exclusive and focused on mature adults and seniors. Life Lease is more about creating a community of people with shared interests and values than it is about bricks and mortar. Life Lease communities are designed for active adults with similar interests and backgrounds enabling them to fully enjoy their retirement years without the headaches associated with maintaining a single-family home.

Life Lease developments also have more extensive amenity areas than condominium projects which creates a stronger sense of community and provides more age-specific programs and activities for residents. As residents age, support services may also be provided allowing residents to maintain their independence for a longer period. These communities are designed to enhance the resident’s quality of life through facilities such as wellness and fitness centers and easy-living features such as wider doorways, walk-in shower stalls with molded seats and grab bars.

In summary, under a Life Lease arrangement, residents have exclusive use of their unit, an opportunity for market value return, and many of the same benefits as traditional home ownership. Life Lease enables active adults and seniors to acquire a unit and live in communities designed to meet their changing needs.

Who can live in a Life Lease community?
The actual age criteria may differ slightly between communities; however, most are geared to individuals 55 years of age and older. This is the age requirement for The Village at St. Elizabeth Mills. There are no medical assessments or other criteria which restrict the purchase. In cases where one spouse or partner is not yet of the required age, the spouse of the partner is still able to reside in the unit. However, he or she can only appear on the Life Lease Agreement as a “Purchaser” until attaining the age of 55 years. This occupancy restriction is intended to maintain a harmonious environment for mature adults and seniors, and create a stronger, more supportive community. Children may also purchase a Life Lease interest for their parent’s; however, they may not occupy it until they reach the prescribed age.

Testimonials

The best thing about the Village is the independent living it provides. It’s perfect for people like us; people who want to live in their own home, but who want the convenience and security of living in a community. Fred and Mary W.

It is a beautiful community has many lovely ponds, lovely trees and streets that are quiet and the Trillium Club. We were intrigued by the many activities, clubs and crafts that are available. All the people we met at St Elizabeth Mills are so welcoming, enthusiastic about living in the community and the clubs and activities for us all. We fell in love with it. Sitting on a bench listening to all the birds, then there are the swans and many walking trails. We weren’t the first to buy, but I think that we are in the first 10, and happy that we are! Larry and Janet S.

We virtually designed our own home exactly as we wanted it, and the folks at ZEST accommodated our design ideas willingly. We love our new home. We are pretty sure we chose wisely. We really love it here. Chic and Joyce M.

As Seen On

Latest News & Events

A RARE OPPORTUNITY: INTRODUCING THE TERRACE SUITES

All of the advantages of bungalow living can be experienced in the new Terrace Suites recently released at Upper Mill Pond. These spectacular homes are located on the ground floor, affording large terraces or patios off the principal space – extending outdoor living....

read more

WINTER WONDERFUL THINGS TO DO TO KEEP FIT IN THE WINTER

Don’t let the cold winter stop you from being active. Here are some activities that you and your loved ones can do during the cold winter months. Yoga The gentle breathing and soothing poses of yoga are great for ZESTers. Yoga can help stretch and strengthen your...

read more

A FRESH NEW LOOK AT 55+ LIVING

The coming of a New Year reminds us that being part of a dynamic, caring and active community is an opportunity to live the ZESTful years with purpose. As our plans for The Village at St. Elizabeth Mills unfold, we are reminded that the success of this groundbreaking...

read more

A NEW LEASE ON LIVING

Which model of 55+ living makes better financial sense: Paying monthly rent to a “retirement” home or investing in an equity preserving Life Lease? Most will agree that the latter is a smarter choice for people looking to downsize or move to the next stage of living....

read more

THE FOUNTAIN OF YOUTH ISN’T A FOUNTAIN AT ALL!

We’ve discovered the secret to happiness. Laugh a lot and get a dog! IMPROVE YOUR HEALTH AND GET A DOG! They’re more than just loyal, cuddly furry friends.  They are actually lifesavers, forcing you to walk and move. A study by the University of Missouri has found...

read more

FRED WISSENZ – COMMITTED TO HELPING FELLOW RESIDENTS

Known as The Village “Handyman”, Fred Wissenz, with his wife Mary, have been residents at St. Elizabeth Mills for over 7 years. “The best thing about The Village is the independent living it provides. It’s perfect for people like us; people who want to live in their...

read more
A RARE OPPORTUNITY:  INTRODUCING THE TERRACE SUITES

A RARE OPPORTUNITY: INTRODUCING THE TERRACE SUITES

All of the advantages of bungalow living can be experienced in the new Terrace Suites recently released at Upper Mill Pond. These spectacular homes are located on the ground floor, affording large terraces or patios off the principal space – extending outdoor living....

read more
WINTER WONDERFUL THINGS TO DO TO KEEP FIT IN THE WINTER

WINTER WONDERFUL THINGS TO DO TO KEEP FIT IN THE WINTER

Don’t let the cold winter stop you from being active. Here are some activities that you and your loved ones can do during the cold winter months. Yoga The gentle breathing and soothing poses of yoga are great for ZESTers. Yoga can help stretch and strengthen your...

read more
A FRESH NEW LOOK AT 55+ LIVING

A FRESH NEW LOOK AT 55+ LIVING

The coming of a New Year reminds us that being part of a dynamic, caring and active community is an opportunity to live the ZESTful years with purpose. As our plans for The Village at St. Elizabeth Mills unfold, we are reminded that the success of this groundbreaking...

read more
A NEW LEASE ON LIVING

A NEW LEASE ON LIVING

Which model of 55+ living makes better financial sense: Paying monthly rent to a “retirement” home or investing in an equity preserving Life Lease? Most will agree that the latter is a smarter choice for people looking to downsize or move to the next stage of living....

read more
THE FOUNTAIN OF YOUTH ISN’T A FOUNTAIN AT ALL!

THE FOUNTAIN OF YOUTH ISN’T A FOUNTAIN AT ALL!

We’ve discovered the secret to happiness. Laugh a lot and get a dog! IMPROVE YOUR HEALTH AND GET A DOG! They’re more than just loyal, cuddly furry friends.  They are actually lifesavers, forcing you to walk and move. A study by the University of Missouri has found...

read more
FRED WISSENZ – COMMITTED TO HELPING FELLOW RESIDENTS

FRED WISSENZ – COMMITTED TO HELPING FELLOW RESIDENTS

Known as The Village “Handyman”, Fred Wissenz, with his wife Mary, have been residents at St. Elizabeth Mills for over 7 years. “The best thing about The Village is the independent living it provides. It’s perfect for people like us; people who want to live in their...

read more

St. Elizabeth Mills

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Contact Us

393 Rymal Road West
Suite 405
Hamilton, ON L9B 1V2

Phone: 905.389.4777 
Toll Free: 1 (855) 875-8178  
Fax: 905.389.6956