Park View Manor

4821 - 47 Street, Drayton Valley, AB

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For Sale

Property details

  • Year Built: 1998
  • Units: 18
  • Site Size: 0.55 Acres
  • Sale Price: $2,960,000 ($164,444/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

Up to Date -

Units have been renovated upon turnover and feature modern flooring, fixtures and fresh paint.

Oversized Suites -

17 of the 18 units are large 2-bedrooms with excellent space for tenants at 900 SF each.
Close to Essentials -

The property is within short walking distance to 3 schools, Discovery Park and the town’s main retail street.

Major Expenditures Completed -

The building is well cared for and has seen capital expenditures completed such as a new roof in 2015.

Location Map

Brochure

Park View Manor Brochure

Edmonton Multifamily Team

Brandon Imada

Vice President
Avison Young
+1 780 668 3750

Amit Grover

Principal
Avison Young
+1 780 953 1735

Jandip Deol

Principal
Avison Young
+1 780 278 2791

Tracy Olmos

Associate
Avison Young
+1 780 288 0322

Brannon Guenette

Client Services Coordinator
Avison Young
+1 587 400 9899

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