Property Details

Address: 5210, 5211 - 53 Avenue, Drayton Valley, AB
Status: For Sale
Price: $3,700,000
Price Per Door: $102,778
No. of Units: 36
Cap Rate: 5.38%

Portfolio Numbers 

Portfolio List Price: $3,700,000

Portfolio Price Per Door: $102,778

Portfolio CAP Rate: 5.73%

 

Individual Building Info

5210 - 53 Avenue, Drayton Valley (Heidi Ann Apartments)

List Price: $2,100,000

Price Per Door: $105,000

CAP Rate: 5.38%

Heidi Ann Apartments is a twenty suite apartment building located at 5210 -
53 Avenue in Drayton Valley, Alberta.
It is a two and a half storey walk-up, wood-frame construction building with
balconies. The lot size is 0.68 Acres. Ample surface and paved parking.
The suite mix is 2 Bachelor suites, 6 One-Bedroom suites and 12 Two-
Bedroom suites.

 

5211 - 53 Avenue, Drayton Valley (The Carlton)

List Price: $1,600,000

Price Per Door: $100,000

CAP Rate: 6.07%

The Carlton is a sixteen suite apartment building located at 5210 - 53 Avenue
in Drayton Valley, Alberta.
It is a three and a half storey walk-up, wood-frame construction building with
balconies. Parking is surface and paved.
The suite mix is 2 One-Bedroom suites and 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
Edmonton, 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
highest 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, 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