Aspen Woods II

Investment Status

  • Investment timeline: Starting October 2019, anticipated completion summer 2021
  • Open to investment: Up to $1,500,000 to be raised
  • Currently over $750,000 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

Welcome to Aspen Woods Estates where you can Live In AWE! Aspen Woods Estates is one of Calgary’s most desirable Southwest Estate Home Communities, with easy access to the Aspen Landing Shopping Centre, Calgary city transit, excellent schools, parks, and pathways! Aspen Woods Estates is the perfect little slice of suburban estate living, and everything AWEsome Calgary has to offer!

Awesome well-established amenities. AWEsome shopping and AWEsome access. The majority of buyers are young professionals, age 35-55, with young families, who love the convenience to work downtown. Many of the families are very active and enjoy the fact that there are so many amenities within walking distance including the Aspen Landing Shopping Centre situated on the corner of 85th Street and 17th Avenue S.W.

Visit the community website at


Investment Opportunity

  • Crystal Creek has signed a land agreement for the purchase of 10 serviced lots in Aspen Woods Estates with an opportunity to purchase more as additional serviced lots become available.
  • Limited opportunity to own in a lot in an exclusive neighborhood directly across the street from the school and a short walking distance to all Aspen Landing amenities.
  • Lots range in size from 42’ – 48’ feet wide for $399,000, comparable to lot prices in The Rise and West 77th.
  • Showhome will have a full legal secondary suite demonstrating flexible living options.
  • The street is being paved in the summer, showhome construction began in June 2019, and will be ready in December 2019.
  • Crystal Creek has a strong customer database and brand name in Aspen Woods as evidenced by the fact that we already have 5 sales and 2 lot holds in place despite not having a sales center in the community.

Investment Details


Class A Limited Partnership units in CCH Aspen Woods II LP (the “Partnership”).


The Partnership has an agreement to purchase 10 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 $1,300,000 will be raised with a maximum of 2,600,000 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 may be sold at lower rates of return. For further detail, see article 5.7 of the CCH Aspen Woods II 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. was hired as the Project Manager and will be paid a fee equal to 4% 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.

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