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 $2,454 – $2,806)

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 = $526.15/month
End unit = $600.89/month

Above rates effective April 1st, 2026

Additional costs include telephone, cable television (optional), internet access (optional) and insurance for contents and liability.

For more information, please contact us at info@ritzlutheranvilla.com or by telephone at 519-348-8612 x306.