3101 61 Street

Drayton Valley · MLS® 43689670

61,855 sq ft lot · Land · Vacant Land · 307 days on market

listed by Wayne MacKinnon, Century 21 Hi-Point Realty Ltd

realtor's description

Fantastic location! 1.42 acre commercial lot just off Hwy 22. Lot located on fully paved road with all services to the property line. Ready to build on!Other Property Types: Commercial LandOwnership Interest: PrivateSite Services: See RemarksTitle to Land: Fee SimpleRPR Survey Available: NoSeller Rights: NoParagon Listing ID: E4415208

property details

type: Land, Vacant Land
lot: 61,855 sq ft
parking: 0
days on market: 307
MLS®: 43689670

property tax

about $2,124 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.

monthly cost

$866/mo

Mortgage $866

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$866/ monthly

loan $159,040

25-year amortization

down payment20% · $39,76020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $100,806
land title fees: $460; transfer + mortgage registration; Alberta has no transfer tax
cash to close: $40,220; down + land title fees
total paid: $259,846

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.