Ellwood House Pays Off Mortgage
2023
Ellwood House is pleased to announce that it has paid off its mortgage, which it took out in August 1988, when Ellwood House was built—an amount of $2,107,200. This is a significant milestone for our campus to be proud of! Ellwood House (Ottawa) Inc. owns its building, while St. Thomas church and the Anglican Diocese of Ottawa jointly own the land under it. As its contribution to the success of Ellwood House back in 1987, the church only asked for $1 a year in rent of the land, for the duration of the mortgage. With no more mortgage, Ellwood House is now paying the church a much larger annual rent for the land. Over the 35 years of the mortgage, Ellwood House has provided a comfortable and affordable home for many seniors in our community—and will continue into the future.
