The Ste Anne Knights of Columbus Council 4819 sponsored the development of a Not-For-Profit Rental Facility for Community Seniors.
Tenants BENEFIT FINANCIALLY & SOCIALLY from:
- Sponsor Equity Applied to Reduce Capital Costs.
- Not-For-Profit Operating for the life of the project provides STABILITY.
- Lower borrowing rates via Bulk Mortgage Financing.
- Non-Taxable Income Status of Non Profit Sponsor – helps reduce costs.
- Substantial Government Grants.
- Active Social & Recreational residents committee.
- “Parent” Sponsor whose primary concern is for the resident’s current and future well being (Ste Anne Knights Of Columbus).
- A Harmonious Community environment.
- Common Amenity Space.
Place Ste-Anne is a Non-Profit Rental Housing Project intended for Adult living, sponsored by the Ste-Anne Knights of Columbus Council #4819.
The Board is philanthropic in nature and serves without remuneration for the benefit of the tenants throughout the entire life of the project.
The Board sets policy and oversees the affairs of the Project to ensure that residents needs are being met to their satisfaction. Professional property managers retained by the Board will manage the property.
The project is located in the beautiful rural Town of Ste-Anne Manitoba situated less than a 30 minute drive south east of Winnipeg surrounded by mature farmland and golf courses. The site on Rue Demers is in the north east quadrant of the town, close to all of the Town’s conveniences yet in a quite residential area. The north and east property boundaries view directly over the open prairie landscape.
Enjoy the peace & quiet of a new home nestled in a beautiful town setting 30 minutes from the City of Winnipeg in rural Manitoba.
The building has been designed to provide a high degree of fire safety and noise privacy.
In addition, there is provision of a comfortable multi-purpose area providing residents with options for communal social and recreational activities.
The building is an elevatored two-storey structure with access being controlled by a security enter-phone system.
Professional Property Management services are provided by Murdoch Management and include an “after hours” maintenance emergency call service along with full accounting and maintenance supervision.
The project is home to two 2-bedroom suites and twenty six 1-bedroom suites.
The “Not-for-Profit” rents include: Mortgage payments, Property Taxes, Heat, Light, Water, All Building and Grounds Maintenance, Custodial Service, Security, Vacancy Reserve, Capital Replacement Reserves, Parking, Professional Property Management and Administration.
Only the costs of Telephone and Cablevision are not included in the rents.
There is no motivation to increase Project rent. As the sponsor is not-for-profit, rent pays for the operational costs of the Project and nothing more. This project is a philanthropic undertaking. Rent can increase in the future – but only if the operational costs of the project increase (i.e. property taxes, utilities, mortgage, etc). The not-for-profit rents in a project like Place Ste-Anne should be comparable, if not lower, than the total current monthly costs of owning your own home.
Retirement should be the best time of your life!
ESTIMATED PROJECT COSTS
The estimated one and two bedroom rents and suite square footages are available on our “Suite Reservation Application Form” Download an application form here.