Investors, THIS IS FOR YOU!!! FIRSTLY - $14,250.00 per year lease revenue from the abandoned water injection site with Ricochet. It has been abandoned for some time but they keep paying; secondly if it does get reclaimed after you made this much per year for who knows how long, you would 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 off of 50 Ave. turning south on 37 St. Turn west on 48B Ave. at the entrance of Aspenview on Pond. GREAT INVESTMENTand GREAT LOCATION.!
Data was last updated February 5, 2026 at 11:30 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$292,500
Min list price:
$69,500
Max list price:
$1,399,000
Avg days in system:
114
Min days in system:
3
Max days in system:
1,073
Avg price per sq.ft.:
$298.09
These statistics are generated based on the current listing's property type
and located in
Drayton Valley. Average values are
derived using median calculations. This data is not produced by the MLS® system.
Data last updated on February 5, 2026 at 11:30 PM (UTC).
Copyright 2026 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.