Drayton Valley, Alberta: Homes, Land and Commercial Property

Asking prices from our current listings. Price per m² is not reported because too few listings include floor area.

Houses are 25 of 67, commercial properties 23, land 11 and apartments eight. The commercial count is unusually high, which suits investors and small-business owners looking at shops, workshops and yards. Bedrooms: nine two-bed, eight three-bed, 11 four-bed and five with five or more. The median size of 239 m² is inflated by the commercial buildings, so look at individual house listings for a realistic picture of home sizes.

The lower quartile of €124,616 includes older houses and small lots, which makes Drayton Valley appealing to buyers with a small budget who want to own something outright. However, a cheap purchase price does not guarantee a good return. Rental demand tracks the energy cycle, so if you are buying to let, speak to local property managers about vacancy over the last few years, and check whether the building has had environmental assessments if it is commercial or industrial.

See commercial property in Canada, houses and cheaper homes.