4824 49 Ave - Apartments FOR SALE


Drayton Valley, AB T7A 1J2
$1,830,000 CAD
780-702-5826
4824 49 Ave, Drayton Valley, AB for Sale
$1,830,000 CAD
Apartments - FOR SALE
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null | Request Cap Rate

4824 49 Ave
Drayton Valley, AB T7A 1J2


HIGHLIGHTS

  • 14 two-bedroom units
  • $1,830,000 listing price
  • New roof & hot water tank
  • Walkable to retail & parks
  • Close to Edmonton

OVERVIEW

Derrick Manor presents a rare opportunity to acquire a well-maintained 14-unit multifamily walk-up in Drayton Valley, Alberta. Priced at $1,830,000, this wood-frame building features exclusively two-bedroom units, making it ideal for families and young couples. Significant capital improvements—including a new roof (2015), hot water tank, and balcony replacements—ensure long-term durability. Located within walking distance of parks, schools, and retail amenities, the property benefits from strong local demand and proximity to Edmonton, making it a compelling investment in a growing secondary market.

FOR SALE DETAILS

PRICE

$1,830,000 CAD

PRICE/SF

$305 CAD /SF

# OF UNITS

14

PRICE/UNIT

$130,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Derrick Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

R-HID

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brandon ImadaAvison YoungMore Info
780-702-5826

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Brandon ImadaAvison YoungMore Info
780-702-5826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.