Welcome to 115 Place Co-op! Your New Home Awaits!
Are you looking for an affordable and vibrant community to call home? 115 Place Co-op is the place for you! 115 Place Co-op is part of the Community Land Trust (CLT) portfolio, located in Burnaby and nestled conveniently close to Lougheed SkyTrain Station, buses, Keswick Park, tennis courts, and shopping, our community offers the perfect blend of accessibility and comfort.
What is a Co-op?
Cooperative housing, also known as co-op housing, is a unique housing model that lies between rental and strata. In a co-op housing arrangement, residents collectively shape and manage the property. Members purchase shares and pay monthly housing charges, which can not exceed 30% of their monthly income, instead of paying rent. This entitles them to occupy a unit within the property.
The most significant characteristic of co-op housing is that members are actively involved in decision-making processes regarding management, maintenance, and other aspects of the cooperative. In the case of 115 Place, volunteering for different activities and tasks is considered a valuable asset.
Co-op housing creates a strong sense of community and offers affordable housing options as members share responsibilities and costs.
In British Columbia, co-op housing is regulated by the Cooperative Association Act and often receives support from government initiatives aimed at promoting affordable housing solutions.
Why Choose 115 Place Co-op?
- Affordable Living: We believe everyone deserves access to safe and long-term housing. With a membership share of $2,000.00 and affordable housing charges, 115 Place Co-op offers a budget-friendly solution for adults.
- Numerous Amenities: Enjoy a variety of on-site amenities designed to enhance your lifestyle. We offer a heated outdoor pool, renovated gym, health room, and community garden to ensure you have everything you need for a fulfilling life.
- Active Living: Dive into our vibrant adult-oriented community where you can participate in social activities, workshops, and more. Our co-op fosters an inclusive environment where mature adults can thrive and connect with like-minded individuals.
- Renovated Units: Rest easy knowing that all available units at 115 Place Co-op have been recently renovated, ensuring modern comfort and convenience.
- Partly Upgraded Units: Our basic partly upgraded units offer comfortable living spaces at affordable prices. Choose from a variety of available options, including:
• 2 Bedroom North (T2): $1,880.00
• 2 Bedroom Center (768 sq. ft.): $1,981.00
• 2 Bedroom Corner (826 sq. ft.): $2,031.00
- Fully Upgraded Units Coming Soon: Expected to be completed in April of 2024. These units will feature modern finishes and amenities for enhanced comfort. Options will include:
• 2 Bedroom North: $2,000.00
• 2 Bedroom South West: $2,246.00
• 2 Bedroom North West: $2,260.00
• 2 Bedroom Corner (826 sq. ft.): $2,281.00
Ready to join our community? Apply today at 115 Place Co-op for secure, active living!
LINK: https://www.115place.com/applications.html
** Please note that our establishment does not accommodate pets. We apologize for any inconvenience this may cause and appreciate your understanding.
