Stoa consists of an eleven-storey high-rise building with 82 suites which includes 1, 2 and 3 bedrooms while also containing 6 accessible units. The building has two elevators, 2 levels of underground parking, a recreation room with a fully equipped kitchen and a laundry room with 5 washers and 6 dryers. All units have balconies and/or patios along with on-site storage rooms.
The co-operative is governed under the Housing Co-operative Act of Ontario; therefore the residents are members, not tenants. The members of Stoa elect 8 of its members to the Board of Directors, whose job is to govern the co-operative. Board members are comprised of members who live in the co-op who are voted on the board by the members at the AGM (annual general meeting) once per year.
The Board delegates many of the responsibilities to the manager who is hired directly by the co-op to run the day-to-day operations. Stoa offers both market rent and subsidized housing.
A housing Cooperative is a group of people who form a corporation to provide housing services for themselves. Co-op living represents a community living within a community. Democratic management is the lifeblood of a healthy co-op and the people who live in the Coop, and who collectively own and operate the housing, are voting members. The members elect a board of directors from among themselves and authorize the board to conduct the day-to-day business of the Cooperative in a manner that satisfies all of the requirements of its Charter, Bylaws,
Agreements, and Policies. All members in a cooperative share in the advantages and responsibilities of co-op life, which makes it more than just a place to live. As a co-op member, you have the security of tenure. This means that you can live in your home for as long as you wish if you follow the rules of the co-op and pay your housing charge (rent). As a co-op member, you have a say in decisions that affect your home. You and your neighbours own your homes co-operatively. Members form a community that works together to manage the co-op. Co-op communities are made up of people with different backgrounds and incomes and special needs.
Stoa’s proximity to both Joseph Brant Hospital and Spencer Smith Park in Burlington, makes it highly sought after. We are also close to all amenities and a short walk to Burlington’s bus service. Located in the heart of Burlington, Stoa Co-operative is lucky to be placed in an area in which the is community is welcoming and kind.
Here, at Stoa, after taking a couple of steps from the building, you will find restaurants, no-frills, shops and historical centers.
You will come to find that life here is content, diverse, equal and unique.