Douglas Bowman

Calgary, AB
Phone: (587) 880-8380 Mobile: (403) 700-9633 Fax: (403) 592-6844 Email Douglas

4016-JK Smith Drive Drayton Valley ( Alberta, CA - T7A 1P5) Built

$379,000
Annual Rental Revenue of $18,500

Homes For All Realty

Douglas Bowman Douglas Bowman (587) 880-8380 (Office) 1-877-686-4215 (Office) (403) 700-9633 (Cell) (403) 592-6844 (Fax) Request More Info

  • Type: Residential
  • Style: Single Story
  • Development Level: Built
  • MLS ® #: C4186810

Description

3.21 acre parcel in south east Drayton Valley Alberta. Flat, level parcel zoned R1 currently has a producing oil well on it. Lease value paid by oil company is $18,500 PER YEAR.
When the well is exhausted, and currently there is no indication this will be any time soon, the Town would look favourably on re-development.

Great location near parks and schools. No development can happen on the property and owner may not be on the land until the well is remediated.
Oil company maintains access road, well site, and cuts grass on rest of parcel.

Get a better return than most investments. Call today for details.

Attachments

P2#279801454
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