The Opportunity

Overview

Investors, THIS IS FOR YOU!!! FIRSTLY - $14,250.00 per year lease revenue from the abandoned water injection site with Ricochet. It is up for the next renewal in 2029. You still have a beautiful 3.19 -acre parcel in an awesome location to develop homes or sell to a developer. There is a playground at one end, walking trails thru the trees to the pond and waterfall, and further trails. The land is maintained by Ricochet every year, so no mowing of grass. This property is zoned as Urban Reserve. A great spot to add to the existing adult condos on the pond or options to build single family homes. There is an approach in place off of 48B Ave. Services are stubbed into property off of 48B Ave. The property is off of 50 Ave. turning south on 37 St. Turn west on 48B Ave. at the entrance of Aspen view on Pond. GREAT INVESTMENT and GREAT LOCATION.! (id:61970)

Investment highlights

01Vacant Land

Property details

Property type: Vacant Land
Transaction: For sale
Site area: 1.29 square meters
Listing brokerage: RE/MAX Vision Realty
Listing representative: Heather Malin
Board / association: Edmonton

Financial information

Asking price$310,000

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Location intelligence

PT of NE 9-49-7-W5
Drayton Valley, Alberta T7A1T3

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Documents

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Property diligence resources

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Acquisition criteria workpaperDefine required, preferred and flexible mandate criteria →Property tour and comparison scorecardCompare this opportunity against the real requirement →Phase I environmental site assessmentHistory, records, observations and professional findings →Environmental records and contaminated sitesERV, AER records, certificates and search limitations →Commercial property due diligenceCoordinate every acquisition workstream →Commercial buyer representationAcquisition scope, agency, conflicts, information, compensation and exit →Commercial real estate appraisalPurpose, scope, evidence, reliance and report review →Assessment and property taxesAssessment dates, methods, tax allocation and review →Due diligence document requestTitle, permits, environment, leases and operations →Permit and occupancy recordsApplications, inspections, completion and use →Selling commercial propertyOwner objectives, evidence, marketing, offers and closing →Commercial pricing and positioningProperty interest, buyer audience, evidence and launch strategy →Commercial offering memorandumSource control, analysis, privacy, attribution and corrections →Public vs. confidential marketingReach, disclosure, qualification and reporting controls →Buying tenant-occupied commercial propertyLease, rent roll, tenant evidence and closing continuity →Triple net lease investmentsExpense allocation, tenant covenant, remaining term and owner exposure →Commercial lease rollover riskExpiries, renewal uncertainty, downtime and leasing capital →Commercial tenant covenant reviewLegal obligors, payment evidence, financial capacity and privacy →Lease security and letters of creditAmount, custody, expiry, draw and closing transfer →Insurance due diligenceProperty facts, loss history, limits and closing →Replacement cost and loss historyReconstruction assumptions, claims and repairs →Building condition assessmentSystems, records and physical findings →Capital expenditure planTiming, cost basis and scenarios →Inspection accessAuthority, testing and deadlines →Alberta title searchParcels, ownership and registrations →Registered interestsCaveats, easements and rights →Survey plans and boundariesPlans, access and occupation →

Source Record

Current listing facts, with attribution intact.

Source: REALTOR.ca DDF®
Listing status: active
Source ID: 28687436
Last supplied (UTC): May 27, 2026
Listing brokerage: RE/MAX Vision Realty
Listing representative: Heather Malin
Board / association: Edmonton

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

Listing brokerage: RE/MAX Vision Realty · Listing representative: Heather Malin · Board/association: Edmonton · Updated (UTC): May 27, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.