How To Apply

Life Leasing is a new concept to the region of Thunder Bay. It offers many convenient benefits to you as a retiree, as well as to those associated in caring for you. When you purchase a home at Pennock Village, whether an independent-living Garden Home (Duplex) or Villa (Townhome), you secure the exclusive right to live in your unit for as long as you wish. The Life Lease model allows Pennock Village, as a non-profit sponsor, to establish and maintain a 55+ community of people who share the same interests and values. As an owner you will be required to pay a monthly occupancy fee (similar to a condo) to help maintain the property and its amenities, while also covering the services provided to you as a Resident/Owner.

The purchase prices of the homes at Pennock Village are based on current construction costs. This will reflect the exceptional construction practices, fine attention to detail, and the modernistic amenities that are included.

A Fixed Price Model allows you, as a Resident/Owner, to acquire long-term comfort and stability through preserving your equity. You can be confident in your investment, knowing what you will receive when the Life Lease is sold back to the non-profit sponsor (N.W.O. Rural Christian Seniors Village Inc.).  Should you give a notice, you will receive the original purchase back less a refurbishing and marketing fee (as outlined in your Life Lease Agreement at the time of purchase).