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Reduced $12,000 (4%) from $292,000
TWP 493 RR 75
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Drayton Valley · Vacant Land · under $325,000. Alerts only send when there are new or meaningfully updated matching homes.
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Located within the town limits of Drayton Valley, this exceptional 24-acre parcel is nestled in the desirable northwest quadrant of town. Heavily treed and offering a serene natural setting, the property presents a rare opportunity to build your dream home or secure a valuable long-term investment. With lease revenue already in place and an unbeatable location close to all local amenities, this acreage is sure to attract significant interest. Zoned R-ACG, the land offers flexibility for a range of potential uses, including some agricultural activities(Discretionary), and permits a broader variety of building types than typically allowed within town limits. Whether you're looking to develop, invest, or create a private retreat, this property combines the tranquility of nature with the convenience of in-town living—a truly unique offering that doesn’t come along often. (Taxes have not yet been assessed on this newly subdivided parcel). Purchase price INCLUDES GST. (id:65958)
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Pick a down payment and tap any underlined number to edit. Total updates live. Confirm with a mortgage broker before writing an offer.
Monthly carrying costs (shared)
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Accelerated bi-weekly frequency reduces total interest paid vs. monthly — confirm with a broker. Suite rental income depends on permits, market rent, and vacancy. Always validate with a mortgage broker before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Jun 29, 2026.
Location of this listing. Distances are straight-line.
Full neighbourhood intelligence (schools, halal, mosques, transit) is still building for this address.