Property Details

Address: 4824 - 49 Avenue, Drayton Valley, AB
Status: For Sale
Price: $1,050,000
Price Per Door: $75,000
No. of Units: 14
Cap Rate: 7.18%

Building and Site Info

Derrick Manor is a fourteen suite apartment building located at 4824 - 49 Avenue in Drayton Valley,

It is a two and a half storey walk-up, wood-frame construction building that was built in 1974. The
Pitched Asphalt Shingle Roof was redone in 2012. There are 10 Baclonies and 4 Patios. The
foundation is of Concrete construction. Windows are Double glazed PVC. Parking is located at the
rear of the building and is surface and paved.

The suite mix is 14 Two-Bedroom suites.


 City Overview

Drayton Valley is a town located in Central Alberta, approximately 140 kilometers (an hour and a
half) south south west of Edmon- ton, Alberta, and 168 kilometers (two hours) north west of Red
Deer, Alberta. Highway 22 and Highway 39 are the two major routes through Drayton Valley. The town
is located between the North Saskatchewan River and the Pembina River.
According to the 2016 Municipal Census, the population of Drayton Valley is recorded at 6, 867
residents. Drayton Valley is the high- est populated town in Brazeau County, which has a recorded
population of 7,771 residents based on the 2016 Canadian census.
The economy in Drayton Valley is primarily driven by the Oil & Gas industry. Agriculture and
forestry also play a role in the local economy. There is a pulp mill located in the town.
There are 5 public schools, 2 Catholic schools and 1 Christian school providing the education from
kindergarten through grade twelve.
An RCMP detachment is located in town, as well as the Drayton Valley Hospital and Care Centre which
provides a full range of services. Amenities in Drayton Valley include the Library, Museum,
Landmark Cinemas, Omniplex, Park Valley pool and the Total Works fitness centre.
Restaurants include McDonalds, Tim Hortons, Dairy Queen, Boston Pizza, Quiznos, Panago Pizza, A &
W, Subway, KFC, and many more.
Hotel and Hospitality services are provided by Super 8 by Wyndham, Holiday Inn Express & Suites,
Ramada by Wyndham, Service Plus Inns & Suites, BCMInns, Lakeview Inn & Suites, Best Western Plus,
and many more.
Brand name amenities include Canadian Tire, Walmart, Marks work warehouse, Home Hardware, IGA,
Independent grocer, Rexall and Value Drug mart.
Banking services are provided by RBC, BMO, TD, Scotiabank, Servus Credit Union and ATB.

Interested in this Property?

Contact the David G. Parker Team Today