West 77th

Investment Status

  • Investment timeline: Starting fall 2019, anticipated completion summer 2022
  • Open to investment: Up to $3,000,000 to be raised
  • Currently over $1,500,000 invested
  • Eligible for potential investment by CCH Real Estate Mutual Fund Trust
  • CCH Real Estate Mutual Fund Trust currently does not hold this as an investment

Interested in Investing?

Read through our details or discover our lot maps using the link below:

Community Overview

Crystal Creek Homes, together with Elkay Developments, is building a new community at the corner of 77th Street SW and 11th Avenue SW comprised of 30 single family lots with a half acre park. The development is hoping to capitalize on the success of adjacent development, The Rise, a 200 lot single family development that is nearing completion after 2.5 years of construction.  The lots and homes in West 77th are approximately the same price as those in The Rise when you factor in the fact they are 10 – 40 feet deeper than the average lot in The Rise.  Overall home prices will be comparable to The Rise with house prices ranging from mid $700s to approximately $1.0M.  Construction started in the spring of 2019 with the showhome opening in October 2019.

Investment Opportunity

  • CCH West 77th LP signed a land agreement for the purchase of 30 serviced lots in the community of West 77th. There are no other builders in this community.
  • Some lots back onto other homes while approximately 1/3 of the lots back onto 77th Street SE.
  • West 77th is located next to The Rise, a 200 lot Bri-Mor development that started in the spring of 2017 that is nearing completion (approximately 30 lots left).
  • Lot sizes in The Rise range from 34’ to 38’ wide and 100 – 110 feet deep with single family homes priced starting in the high $700s. The remaining lots in The Rise are smaller and less desirable.
  • Conversely, West 77th lots are almost all 36’ wide and are either 120 feet deep or 150 deep with single family homes priced from $750k – $1.0M.

Investment Details


Class A Limited Partnership units in CCH West 77th LP (the “Partnership”).


The Partnership has an agreement to purchase 30 single family lots in a new subdivision in southeast Calgary. The single-family dwellings will be sold and built by the Partnership.

Offering Price

$0.50 per unit, minimum 50,000 units. Up to $3,000,000 will be raised with a maximum of 6,000,000 units may be sold.


To fund land deposits, a showhome, a spec home and initial working capital for the Partnership.

Preferred Return

Class A unitholders will be entitled to an 8% simple annual preferred return. As the project progresses, Class B thru D units will be sold at lower rates of return. For further detail, see article 5.7 of the CCH West 77th LP Limited Partnership Agreement.

Partnership Interest

Class A thru Class D unitholders collectively will be entitled to a 30% share of the Partnership’s net income.

Payment Terms

The subscription price is payable at the time of closing by cheque or such other manner as maybe accepted at closing.


Based on unit sales within the Project.

Management Fee

Crystal Creek Homes Inc. will be hired as the Project Manager and will be paid a fee equal to 5% of the selling price of each home.

Risk Factors

There is no secondary market for the investment and none is expected to develop. The Partnership will have limited liquidity; consequently, it would not suit investors who require immediate access to their investment. The Partnership’s business should be considered highly speculative due to the risks associated with the rapidly changing economic and market conditions. The Partnership will be investing in real property and these properties will always have value; however, given the nature of the real estate market it may not be possible to sell them as anticipated. Consequently, there is a risk that an investment in the Partnership may be lost entirely or in part.


Certain statements in this presentation contain forward-looking statements about the objectives of the Partnership and management’s expectations, beliefs, intentions or strategies for the future. Future events are subject to certain risks, uncertainties and assumptions that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and assumptions include, but are not limited to: general economic conditions; actions by government authorities; actions by regulatory authorities; availability of raw materials and trades; changes in raw materials prices; foreign exchange rates; interest rates; competitor activity; industry pricing pressures; seasonality of the construction industry; and weather.

Investor Login