Crestwood
11300 Pazarena Place

Offering Overview

On behalf of Polygon Crestwood Homes Ltd. (“Polygon”), Cushman & Wakefield ULC (“C&W”) is pleased to present to the investment market, a 100% freehold interest in Crestwood, located at 11300 Pazarena Place, Maple Ridge, collectively referred to as the “Property”. The Property is improved with 24 large rental units overtop an operating daycare at grade, situated adjacent to the Lougheed Highway and the Provenance Townhome Community.

Crestwood features 18,491 square feet of residential net rentable area consisting of 24 units: 2 one-bedrooms, 8 one-bedrooms and dens, 6 two-bedrooms, 6 three-bedrooms, and 2 three-bedrooms and dens with an average unit size of 770 square feet. In addition, Crestwood includes a fully leased daycare facility comprised of 7,173 square feet of commercial net rentable area with a fenced outdoor space of 4,430 square feet. The Property is 100% occupied and was built in 2024 by Polygon, known for its meticulous construction practices, and unwavering attention to detail.

Investment Highlights

• ELIGIBLE FOR CMHC FINANCING

The Property qualifies for CMHC financing, offering a rare opportunity to acquire a high-quality, new mixed-use project, with an attractive capitalization rate relative to the borrowing rate.

• REPUTABLE & WELL-RECOGNIZED DEVELOPER

As one of British Columbia’s leading homebuilders, the Polygon family of companies has built more than 34,000 homes throughout Metro Vancouver.

• STABILIZED INCOME WITH A LONG-TERM DAYCARE TENANT

Fully stabilized asset with market-rate rents in place. Includes a state-of-the-art daycare facility on a long-term lease with annual escalations, supported by strong local demand.

• CONDOMINIUM-STYLE FINISHES

Crestwood is built to condo quality, featuring modern design elements, energy-efficient windows, in-suite laundry, luxurious bathrooms, and high-end kitchens with premium finishes and appliances.

• HIGHLY AMENITIZED BUILDING

 The property features an in-building fitness studio, state-of-the-art daycare, secure underground parkade, level 2 EV charging available, and access to lush greenery with an integrated trail network just steps away.

• UNBEATABLE LOCATION FOR MODERN LIVING

Ideally located near all the amenities of the Town Centre, with seamless access to parks, schools, and scenic trails. Conveniently situated near Lougheed Highway and Haney Bypass, just a 20-minute drive to the Golden Ears Bridge for travel to the Fraser Valley, or Highway 7 to Vancouver and surrounding areas.