Access to cleaning and meal services are provided, as is an emergency call system. A spokesperson for Mercy Place Apartments says a medical centre will open within months.
Mercy Place Apartments residents get priority entry to the Mercy Place Aged Care facility next door, should the need arise.
Mercy Place Apartments is 80 per cent sold out with the remaining flats starting at $499,000.
Four years ago during the Melbourne Commonwealth Games, the complex housed international athletes.
Australand has built the majority of new homes in the new Parkville housing estate, near the Ascot Vale and Brunswick suburb border. Four years ago, dwellings were used by athletes and staff associated with the 2006 Commonwealth Games.