Derrick Manor

4824 - 49 Avenue, Drayton Valley, AB

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For Sale

Property Details

  • Property Type: Multifamily Walk-Up
  • Site Size: 0.58 Acres
  • Units: 14 - 2 Bedrooms
  • Parking: Outdoor
  • Year Built: 1974
  • Laundry: Shared
  • Structure: Wood-Frame
  • Listing Price: $1,830,000 ($130,714/Unit)

Location Overview

Drayton Valley is located in west-central Alberta, about 130 kilometers southwest of Edmonton. Historically, Drayton Valley has been rooted in the oil and gas industry, which continues to play a significant role in its economy. In recent years, the town has diversified its economic base, with agriculture and forestry also contributing to its economic landscape. There is also a growing emphasis on tourism and local businesses, which adds to the town’s vibrant community spirit.

The town is surrounded by natural attractions, including the nearby Brazeau Dam and the picturesque Drayton Valley Golf Club. Outdoor enthusiasts can explore numerous trails and parks, and the region’s forests are perfect for hiking and wildlife viewing. Drayton Valley also hosts various events and festivals throughout the year, celebrating everything from local culture to seasonal festivities. Drayton Valley is accessible via Highway 22, which connects it to larger cities like Edmonton and Calgary. The town’s location along major transport routes make it convenient for visitors and residents alike.

Investment Highlights

Major Expenditures Completed

The building has been meticulously maintained, with significant capital improvements completed, including a new roof installed in 2015, the replacement of 10 out of 14 balconies, and a new hot water tank, ensuring long-term durability.

Amenity Rich Location

The Property is conveniently located within walking distance of parks, schools, and the town’s primary retail corridor. This vibrant area offers a variety of restaurants, grocery stores, and essential family services.
Attractive Suite Mix

The Property is ideally suited for families and young couples, featuring exclusively two-bedroom units designed for comfortable and functional living.

Secondary Market close to Edmonton

Drayton Valley is located on the North Saskatchewan River and approximately 100 km from the centre of Edmonton

Derrick Manor Brochure

Derrick Manor Brochure

Edmonton Multifamily Team

Brandon Imada
Brandon Imada
Vice President
Avison Young
+1 780 668 3750
Tracy Olmos
Tracy Olmos
Associate
Avison Young
+1 780 288 0322
Amit Grover
Amit Grover
Principal
Avison Young
+1 780 953 1735
Jandip Deol
Jandip Deol
Principal
Avison Young
+1 780 278 2791
Brannon Guenette
Brannon Guenette
Client Services Coordinator
Avison Young
+1 587 400 9899