Cedar Valley Manor Life Lease Project Underway!

On a sunny Saturday morning, dignitaries, Mission Association for Seniors Housing (MASH) members, future residents, and community members including representatives from the Mission Horse Club, gathered in the adjacent Cedar Valley Mennonite Church parking lot to celebrate the sod turning for this exciting new affordable seniors’ housing project in Mission. 

Speakers including Mission Mayor Ted Adlem, MP Randy Kamp, MLAs Marc Dalton and Simon Gibson and Judith Ray, Board President of MASH, welcomed the launch of this much needed initiative for the community.

MASH, a long established Mission organization, is the driving force behind the development and has incorporated a new society, the Cedar Valley Manor Life Lease Society, with the same board as MASH, to own and manage the project.  Terra Housing previously worked with MASH to develop their seniors’ assisted living project on Hurd Street, The Cedars.

A life lease is a cross between owning and renting: the resident purchases a long-term leasehold interest which is registered on title. When people move out, they or their estate, get their money back less a small deduction for refurbishing and remarketing. Overall ownership and management of the building remains with the not-for-profit organization, protecting the resident from any unexpected costs.

Cedar Valley Manor Life Lease will be a new four storey building containing 42 units: 39 two-bedroom units (795 to 950 square feet) and 3 one-bedroom (720 square feet). There will be one level of underground parking with 42 stalls, plus an additional 6 above ground guest parking spaces. Amenity areas will include a lobby, outdoor patio and BBQ area, private garden plots, a lounge and meeting space.