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Multi-Family Commercial for Sale

Courtesy of Val Toffoli, David Parker of MaxWell Polaris

Property For Sale In Drayton Valley, Brazeau

 Multi-Family Commercial for Sale, MLS® # E4167340
  • MLS®#: E4167340
  • Price: $1,050,000
  • Status: Active
  • Year Built: 1974
Login or Create an Account to Access Financial Information Legal Description Lot Zoning

Derrick Manor is a 14 unit 2.5 storey walk up Apartment Bldg on a huge 25,064 sq.ft. RA4 (High Density) lot in Drayton Valley in the County of Brazeau. 1.5 hrs SW of Edm. Economy driven by Oil/Gas, Agriculture, Forestry (Pulp Mill located in town). Built in 1974. Concrete foundation. Footprint 5,808 sq.ft. - 17,424 sq.ft. total (To be confirmed by Buyer). Wood frame construction. It features 14 generous size 2 Bdrm units with 10 Balconies & 4 Patios. Asphalt single roof was replaced in 2012. Attractive Stucco & Wood Exterior. Double glazed PVC Windows. Intercom was replaced in 2013. Upgrades are done as required when Tenants vacate. Very well maintained by long term Owners who self-manage with a Caretaker who maintains the project would be willing to remain. Low rental rates haven't been increased since 2015. Includes 14 stoves & fridges. Coin Laundry Machines are owned. Treat as Clear Title. Offered at $75,000/unit with a cap rate of over 7%. Proforma available upon request. You won't be disappointed

Contact Val Toffoli About MLS® E4167340

Required Field

Val Toffoli, (780) 450-6300 at MaxWell Polaris, 4107 99 street, Edmonton, Alberta, T6E 3N4

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4167340
  • Year Built: 1974

Community Information

  • Neighbourhood: Drayton Valley
  • City: Brazeau
  • Nearest Town: Drayton Valley
  • Postal Code: T7A 1J2


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Disclaimer: Copyright 2019 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated August 21, 2019, 6:40 pm.