• $575,000
  • 3 bd,
  • 4 full ba,
  • 4 half ba,
  • Est payment $3086.72/mo

50305036 44 Street, Drayton Valley, AB T7A 1B7

270931689 53.222588 -114.966446 732 /listing/270931689-150112695/50305036-44-street-drayton-valley-ab-t7a-1b7 False 0 575000.0 2483 100 3 4.4 E4198805 False

Property & Neighborhood Info

Courtesy Of Heather D Malin , RE/MAX Vision Realty

Single Family in Drayton Valley

This is a rare find! You have a 4 plex that has 4 separate titles. Can use as a revenue property, could live in one and have the rest for revenue. Or you could sell them individually to make some profit;- lots of opportunity. Currently $49,200 per year, I expenses of $17,096.20 per year. These expenses cover the property insurance & taxes, repairs & maintenance. CURRENT CAP RATE 5.5% & INCREASING TO 6% NOVEMBER 1, 2021. If you are looking for an investment combining the 4 lots into one would likely save in taxes. A well looked after & maintained building with a rear fenced yard and parking for each unit. The roof was redone 2 years ago. There is a party wall agreement on title with each unit. NOTE:- If looking for more investments, there is a 2003 side x side duplex with legal basement suites for $495,000 (MLS E4198826).

Courtesy Of Heather D Malin , RE/MAX Vision Realty
  1. 3 Beds
  2. 4 Full Bath
  3. 4 Half Bath
  4. 2,483 Sq. Ft.

Main Features

  • Listing Status: Active
  • Year Built: 2001
  • Full Bath: 4
  • Half Bath: 4
  • Zoning: Zone 90
  • Subdivision: Drayton Valley
  • MLS® Number:E4198805

Additional Features

  • Flooring:
    • Carpet
    • Linoleum
  • Ensuite:
    • No
  • Inclusions:
    • Dryer
    • Hood Fan
    • Refrigerator
    • Stove-Electric
    • Washer
  • Construction Type:
    • Wood Frame
  • Garage:
    • No
  • Roof:
    • Asphalt Shingles
  • Type:
    • Single Family
  • Basement:
    • Full
    • Fully Finished
  • Foundation:
    • Concrete
  • Exterior:
    • Stucco
  • Front Faces:
    • East
  • Lot Description:
    • Rectangular
  • Grade Level Entry Y/N:
    • No
  • Parking:
    • Front/Rear Drive Access
  • Heating:
    • Forced Air-1
  • Access Road:
    • Paved
  • Amenities:
    • Fenced
    • Patio
    • Playground Nearby
    • Shopping Nearby
    • Vinyl Windows
  • Community:
    • Drayton Valley
  • Title:
    • Fee Simple
  • Bedrooms Above Grade:
    • 0
  • Num of Finished Levels:
    • 2
  • Rooms Above Grade:
    • 4
  • Tot Flr Area A. G.(Metric):
    • 230.7
  • Total Parking Spaces:
    • 8
Neighborhood info courtesy of Homes.com © 2021
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Rakesh Patel
Rakesh Patel
Associate
201, 5607-199 Street Edmonton AB T6M 0M8
53.222588 -114.966446

50305036 44 Street Drayton Valley, AB T7A 1B7

270931689 53.222588 -114.966446 732 /listing/270931689-150112695/50305036-44-street-drayton-valley-ab-t7a-1b7 False 0 575000.0 2483 100 3 4.4 E4198805 False
  • $575,000
  • 3 bd
  • 4 full ba
  • 4 half ba
  • 2,483 sqft