Projects & Assets

PORTAL

As an investor you do not directly invest into the development projects and other real estate assets. Instead, you are invested in the Mutual Fund Trust. The Fund then invests into each individual project. Once a project is completed, the Participating Profit Share is divided among the current investors and the Fund capital is then redeployed into the next project.

Current Project:

PORTAL, Maple Ridge

Key Project Facts

  • The Fund secured a 0.56-acre riverfront site in 2023. The lot is a 10-minute walk to downtown Maple Ridge and sits opposite the West Coast Express commuter station, with direct access to riverside trails.
  • WCMIF assembled a development team and initially designed 36 condominium homes across five storeys, including four expansive penthouse suites with private decks.
  • A Development Permit was issued by the City of Maple Ridge in 2023.
  • Pre-sales for the condo concept were forecast in the $33–34 million range.

Evolution of Portal

  • In early 2025 the site was confirmed within a Bill 47 Transit-Oriented Area (TOA), unlocking a minimum 12-storey height allowance.
  • The project has been re-envisioned as a purpose-built rental tower with up to 175 units, delivering much-needed housing adjacent to rapid transit.
  • Ground-breaking is targeted for spring/summer 2026; construction is expected to span ≈ 22 months.
  • The pre-application stage with the city of Maple Ridge has been completed.
  • Work has started towards the application of our Development and Building Permits, expected later in 2026.
  • Time-saving building methods, such as Cross-Laminated Timber and Modular, are being evaluated to shorten construction timelines by as much as 50%.
  • Follow the project at  www.portalmapleridge.com 
     
     

Financial Project info:

Land acquisition 2023: 

$6,350,000

Completed building projected sales revenue: 

$80-84,000,000

The Beach House at Saratoga project resulted in a return on investment of approx. 13% per annum, which is made up of the annual fixed target interest rate plus the participating profit share.

*Results of the past offer no guarantee for future results. Please read the Offering Memorandum in its entirety prior to investing.

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