Thames River Place bungalow townhomes are available for purchase on a life equity basis at the current market value price. Unit occupants must be 55 years of age or older. No more than two people can occupy a unit on a permanent basis. Occupants are responsible for all utilities (which are individually metered): natural gas, hydro, water/sewage, phone, cable TV and internet access. They are also responsible for property taxes on their unit (estimated taxes are between $1,500 – $1,700)
A monthly maintenance fee is assessed to cover all exterior maintenance, landscaping and lawn care, snow removal, street lighting, and insurance. Approximately one-third of the monthly fee is deposited into a replacement reserve to prepare for major future capital costs such as roofing and re-paving. The monthly fees are listed below. These fees are reviewed annually and subject to change as necessary.
Middle unit = $350.80/month
End unit = $400.63/month
Additional costs include telephone, cable television (optional), internet access (optional) and insurance for contents and liability.
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