Drayton Valley · MLS® E4493055
32
1,533 sq ft · Condo · Single Family · built 2016 · 136 days on market
listed by Wayne MacKinnon, Century 21 Hi-Point Realty Ltd
Ironwood Gates offers a refined blend of luxury, style & comfort in condo living! This beautiful Southwest corner unit features 3 bedrooms, 2 bathrooms, an open main living area, gas fireplace, large kitchen island, granite finishes, engineered hardwood flooring & 9-foot ceilings. The primary bedroom includes a walk-through closet & ensuite with a large glass shower. The second bedroom also offers walk-through access to the main 4-piece bath. Additional features include central A/C & R30 wall insulation. Located on the third floor, this unit features two private balconies—one off the living room and another off the primary bedroom—providing additional outdoor living space and excellent natural light. Building amenities include an exercise room, meeting space with kitchen & terrace, quiet hydraulic elevator, secure gated entry & perimeter fencing. Condo fees of $800 include heat, water, sewer, reserve fund contributions, exterior maintenance & janitorial services.
20% down at 4.34% fixed (Ratehub.ca), 25 years; strata fee from the listing.
Costs: mortgage $1,808 · strata $800 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 3+ bedroom in Alberta: CMHC's average there ($1,848) raised by what new tenants pay against everyone in the province (Alberta centres of 10,000+). (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant).) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Alberta has no cap on how much rent can rise, but only one increase a year, with three months' written notice for a monthly tenancy. alberta.ca
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about $4,432 a year
The asking price times Drayton Valley's 2026 residential rate of 10.68 per $1,000 (municipal and education).
Estimate from Alberta Municipal Affairs mill rates. Leaves out local improvement levies and utilities; the municipality's tax notice is the real figure. Without the city's assessment this uses the asking price, so it's a rough guide.
Walkability 61/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 grocery store, 1 place to eat or drink, 5 parks and playgrounds, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.