Drayton Valley · MLS® E4504827
56
2,783 sq ft · 570 m² lot · House · Single Family · built 1988 · 65 days on market
listed by John Dempster, RE/MAX Vision Realty
Excellent investment opportunity in Drayton Valley! This well designed 4 plex is located close to downtown, schools, parks, & miles of scenic walking trails, offering convenience & appeal for tenants. The two spacious upper 1 1/2 storey residences feature very desirable floor plans w/ plenty of living space. One offers 3 bedrooms & 1.5 baths, while the other features 2 bdrms & 1.5 baths. The lower level includes 2 additional, 1 bedroom, 1 bath apartments, each complete with its own full kitchen. Parking is another standout feature, with 2(14x24) single garages, 1 on each side, & 4 add. outdoor stalls. 2 separate laundry rooms, 1 servicing each side of the building, add further convenience. With 4 self contained living spaces, excellent parking & a desirable location close to amenities & recreation, this property offers an exciting opportunity to add a versatile multi residential investment to your portfolio. New shingles just installed on garages. Size of building represents entire building above grade.
20% down at 4.34% fixed (Ratehub.ca), 25 years.
about $6,408 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.
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Walkability 74/100 · Walkable: many errands on foot
Within a 10 minute walk: 6 places to eat or drink, 1 cafe, 12 parks and playgrounds, 3 schools, 1 pharmacy.
mihom score from OpenStreetMap places, by straight line distance.