A 423,000 sq. ft. independent living, assisted living, memory care and skilled nursing facility that includes 325 units and a community centre.
The facility was built in 2008/2009 at a total cost of over $98 million. The assessor used cost to support the assessment.
Altus Group appealed and reduced the assessment from $56.8 million to $32.3 million resulting in tax savings of $425,000.